7005 Orion Avenue, Van Nuys, California 91406, Van Nuys, 91406 - 6 bed, 3 bath
ACTIVE$1,349,500
7005 Orion Avenue, Van Nuys, California 91406
6Beds
3Baths
2,929Sqft
6,058Lot
Price Vs. Estimate
The estimated value ($672,474.365) is $677,025.635 (50%) lower than the list price ($1,349,500). This property may be overpriced.
Key pros and cons
Top Pros:
Brand New Detached ADU: The property includes a brand new detached 2-bedroom, 1-bath Accessory Dwelling Unit (ADU), offering significant flexibility for rental income or multi-generational living.
Top Cons:
Significant Price Discrepancy: The listing price of $1,349,500 is substantially higher than the estimated property value of $672,474, which could deter buyers and complicate financing.
Compared to the nearby listings
Price:$1.35M vs avg $900.0K (+$449,500)97%
Size:2,929 sqft vs avg 1,496 sqft98%
Price/sqft:$461 vs avg $6049%
More Insights
Built in 1954 (71 years old).
Condition: The property features a brand new detached ADU, which is in excellent condition with modern finishes. The main house, built in 1954, has undergone significant updates including an updated kitchen with white shaker cabinets, granite countertops, stainless steel appliances, and a mosaic backsplash. The bathrooms are also updated with subway tile and modern vanities. New paint and wood flooring throughout the main house contribute to a move-in ready state. While the ADU is brand new, the main house's updates, though extensive and well-maintained, are likely within the 5-15 year range, preventing an 'Excellent' rating for the entire property given its 1954 build year and the phrasing 'updated' rather than 'brand new' for the main home's key areas.
Year Built
1954
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$461
HOA
-
Days on market
-
Sold On
-
MLS number
SR25122559
Home ConditionGood
Features
Patio
ViewNeighborhood
About this home
Located in highly desirable Van Nuys neighborhood this beautiful 3 bedrooms 2 bath home with a brand new detached 2 bed 1 bath ADU is ideal for investors or traditional home buyers looking to getting addition income from the ADU to help out with the mortgage. Main home features over 2100 sqft of living space, with large living room with fireplace, formal dining room, updated kitchen and baths, wood flooring and new paint throughout. The brand new ADU features a open floor plan, laminate flooring throughout, dual pane windows and so much more. Beautiful corner property just minutes to the 405 and 101 freeways.
Condition Rating
Good
The property features a brand new detached ADU, which is in excellent condition with modern finishes. The main house, built in 1954, has undergone significant updates including an updated kitchen with white shaker cabinets, granite countertops, stainless steel appliances, and a mosaic backsplash. The bathrooms are also updated with subway tile and modern vanities. New paint and wood flooring throughout the main house contribute to a move-in ready state. While the ADU is brand new, the main house's updates, though extensive and well-maintained, are likely within the 5-15 year range, preventing an 'Excellent' rating for the entire property given its 1954 build year and the phrasing 'updated' rather than 'brand new' for the main home's key areas.
Pros & Cons
Pros
Brand New Detached ADU: The property includes a brand new detached 2-bedroom, 1-bath Accessory Dwelling Unit (ADU), offering significant flexibility for rental income or multi-generational living.
Strong Income Potential: The presence of a new ADU makes this property ideal for investors or traditional home buyers seeking additional income to offset mortgage costs.
Updated Main Residence: The main home features updated kitchen and baths, wood flooring, and new paint throughout, ensuring a move-in ready condition.
Spacious Living Area: The main home offers over 2100 sqft of living space, including a large living room with a fireplace and a formal dining room, providing ample room for comfort.
Excellent Freeway Accessibility: Located just minutes from the 405 and 101 freeways, the property offers convenient commuting and easy access to surrounding areas.
Cons
Significant Price Discrepancy: The listing price of $1,349,500 is substantially higher than the estimated property value of $672,474, which could deter buyers and complicate financing.
Age of Main Home Structure: Built in 1954, the main house is an older property, which may raise concerns about the condition of underlying systems (e.g., plumbing, electrical, HVAC) despite cosmetic updates.
Standard Neighborhood View: The property offers a standard 'Neighborhood' view, which, while pleasant, lacks the premium appeal of more desirable scenic views such as city, mountain, or ocean vistas.