
Van Nuys, California 91405
This Versatile Multi-Unit Residential Compound is a High-Potential Investment Opportunity, listed at $914,000—positioned well below the $934,000 Fair Market Value by 2%. This valuation gap provides $20,000 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating, the property features a remodeled main home, a separate one-bedroom back house, and a converted garage, offering immense rental upside or multi-generational flexibility. With a private pool and access to the high-performing Kester Avenue Elementary School (9/10), it perfectly balances lifestyle and income potential. This is an ideal acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7007 Murietta Avenue Subject | $914,000* List Price | 4 | 2 | 1,408 | $649 | - |
A 7017 Murietta Avenue Sold | $790,000 | 3 | 2 | 1,441 | $548 | 0.0 mi |
B 14658 Cohasset Sold | $955,000 | 4 | 2 | 1,639 | $583 | 1.0 mi |
C 14734 Marlin Sold | $1,060,000 | 4 | 3 | 1,587 | $668 | 0.9 mi |
D 6900 Katherine Avenue Sold | $1,185,000 | 4 | 3 | 1,944 | $610 | 0.3 mi |
E 7459 Sylmar Avenue Sold | $1,150,000 | 3 | 2 | 1,547 | $743 | 0.8 mi |
F 14421 Cohasset Street Sold | $880,000 | 4 | 2 | 1,802 | $488 | 0.8 mi |
G 13907 13909 Wyandotte Street Active | $1,099,950 List Price | 4 | 3 | 1,642 | $670 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1948, the property has undergone extensive renovations within the last 5 years, including a remodeled kitchen and bathroom, refinished hardwood flooring, and the installation of recessed lighting. Major systems have been modernized with a 4-year-old roof, copper plumbing, and an updated HVAC system. The addition of a refreshed back house and converted garage with modern finishes further supports the excellent condition rating.
Elementary School: Kester Avenue Elementary School (9/10).
The property features a unique layout with a main house, a separate one-bedroom back house, and a converted garage, offering exceptional flexibility for rental income, multi-generational living, or a private home office.
The main residence has been significantly updated with high-value improvements including a newer roof, copper plumbing, updated HVAC, and a remodeled kitchen and bathroom, ensuring modern comfort and reduced immediate maintenance costs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
There is a significant discrepancy between the official listing data (4 beds/2 baths) and the described layout (6 beds/3 baths), suggesting the back house or garage conversion may not be fully permitted, which could impact financing and future resale value.
The majority of the immediate neighborhood schools carry lower performance ratings, which may be a deterrent for families prioritizing high-ranking educational districts.
Rare opportunity in the heart of Van Nuys offering flexibility, income potential, and modern comfort—all on one property. This detached single-family residence features multiple living spaces that have been updated and designed to accommodate a variety of living arrangements, whether for extended family, guests, or rental use. The main home was remodeled with a refreshed kitchen and bathroom, newer windows, refinished wood floors, recessed lighting, an updated HVAC system, copper plumbing and a newer roof (4 years). The layout flows easily, featuring a spacious living area ideal for everyday living and entertaining, a dedicated dining space, and three well-proportioned bedrooms. The centrally located bathroom showcases a clean, modern design with a walk-in shower, while a convenient indoor laundry area adds everyday practicality. Behind the main residence is a separate one-bedroom, one-bath back house offering a generous living area and its own kitchen with gas cooking. Bright recessed lighting throughout gives the space a fresh feel—ideal for extended family, a private workspace, or additional income potential. Adding even more versatility, the converted garage provides additional living space with two bedrooms, a bathroom, and a kitchen, creating yet another self-contained area. The back house and converted garage share a dedicated laundry area. Step outside to a private backyard featuring a pool for relaxing, entertaining, or enjoying sunny Southern California days at home. Conveniently located near shopping, dining, and major access routes, this property stands out for its unique layout, multiple living spaces, and long-term potential—a rare find in today’s market and a compelling option for both owner-users and investors.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,408 | 1,612.5 | 27% |
| Lot Size | 6,252 | 6,502 | 39% |
| Price | $914.0K | $857.5K | 56% |
| Price per sq ft | $649 | $531 | 78% |
| Built year | 1948 | 1954 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 170 | 17% |
Feb 11, 2026
$914,000
$934,000
-2% Price Drop
Initial Listing
Jan 29, 2026
$934,000
Initial Listing
Feb 22, 2022
$550,000
Public Record
Nov 29, 2018
$550,000
Public Record
Dec 29, 1998
$165,000
Public Record