7032 Stansbury, Van Nuys, California 91405, Van Nuys, 91405 - 3 bed, 2 bath
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Van Nuys, California 91405
This property presents a High-Potential Investment Opportunity with a List Price of $885,000—positioned well above the $642,940 Fair Market Value by -37%. While the current valuation reflects a premium, the asset features RTI Ready Status with LADBS-approved plans for a 4-unit complex, including a 4-bedroom main house, an SB9 unit, and two detached ADUs. With a Condition Rating of 6, the value lies in the development potential rather than the existing structure. This is an ideal acquisition for Real Estate Developers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7032 Stansbury Subject | $885,000* List Price | 3 | 2 | 1,602 | $401 | - |
A 6917 Matilija Avenue Sold | $755,000 | 4 | 2 | 1,422 | $531 | 0.4 mi |
B 6853 Willis Avenue Sold | $750,000 | 4 | 2 | 1,910 | $393 | 0.9 mi |
C 13831 Cohasset Sold | $765,000 | 2 | 2 | 1,336 | $573 | 0.7 mi |
D 7309 Cantaloupe Avenue Sold | $732,000 | 2 | 2 | 1,256 | $583 | 0.5 mi |
E 14757 Hartland Active | $825,000 List Price | 3 | 2 | 1,591 | $519 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1948 (76 years old) and is being marketed as an RTI (Ready to Issue) development project. The listing focuses on approved plans for a 4-unit complex rather than the condition of the existing structure, indicating the value is in the land and permits for demolition/reconstruction.
Elementary School: Kester Avenue Elementary School (9/10).
The project is 'Ready to Issue' with LADBS-approved plans for four units, allowing a developer to bypass the lengthy and uncertain entitlement process and begin construction immediately.
The site is designed to maximize utility with over 5,270 sqft of living space across a primary residence, an SB9 unit, and two detached ADUs, offering exceptional rental income or resale value.
The property was recently sold within the past year on 2025-11-24. The sold price is $752,000.00.
While the plans are ready, the buyer must account for the significant capital investment required to build over 5,000 square feet of new construction across multiple structures.
The property is served by several schools with lower performance ratings, which may limit the appeal for owner-occupiers or tenants who prioritize high-ranking educational districts.
Great opportunity is here! RTI Ready Project for you in a perfect Area of Van Nuys! 4 Units Total of over 5,270 sqft designed and approved by LADBS. Project comes 2 Story Single Family 4 Bedrooms and 4 Bath + attached SB9 One story Unit 1 Bedroom and 1.5 bath, Two detached 2 story ADUs 2 bed and 2.5 bath each. Architectural and engineering plans are ready to be reviewed for serious buyer. Please contact for more details
No exterior & parking available.
Grades K-5 • 0.1 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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,602 | 1,638.5 | 48% |
| Lot Size | 6,497 | 6,526 | 46% |
| Price | $885.0K | $880.0K | 52% |
| Price per sq ft | $552 | $540 | 52% |
| Built year | 1948 | 1954 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 144 | 2% |
May 31, 2026
$885,000
Initial Listing
Nov 24, 2025
$752,000
Public Record