7040 Tyrone Avenue, Van Nuys, California 91405, Van Nuys, 91405 - 6 bed, 5 bath
7040 Tyrone Avenue
Van Nuys, California 91405
Property Price
SUMMARY
Analysis of 7040 Tyrone Avenue, Van Nuys, California 91405 reveals a Fairly Priced Property with a current list price of $1,499,999 aligned with the estimated $1,515,741 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Van Nuys Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7040 Tyrone Avenue Subject | $1,499,999* List Price | 6 | 5 | 2,892 | $524 | - |
A 6956 Ranchito Sold | $1,154,000 | 4 | 3 | 2,171 | $532 | 0.5 mi |
B 14715 Archwood Street Sold | $1,250,000 | 5 | 5 | 2,300 | $543 | 0.7 mi |
C 14300 Runnymede Street Sold | $1,050,000 | 4 | 2 | 1,945 | $540 | 0.5 mi |
D 6842 Cedros Avenue Active | $1,650,000 List Price | 6 | 6 | 3,287 | $502 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property qualifies as excellent due to a complete rebuild of the main residence and the addition of a brand-new ADU. All interior components are new, featuring modern luxury finishes such as rich hardwood flooring, recessed lighting, and contemporary kitchens with high-quality cabinetry. The inclusion of fully paid-off solar panels and updated systems ensures no deferred maintenance and meets the highest current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Dual-Living & Income Potential
The property features a fully rebuilt main residence and a substantial 1,196 sqft, 3-bedroom ADU, offering exceptional versatility for multi-generational living or high-yield rental income.
- Modern Efficiency & Sustainability
Equipped with fully paid-off solar panels and a complete rebuild of the primary home, the estate ensures significant energy savings and a turnkey, low-maintenance ownership experience.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2892, other record living area = 918. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
- Recently Sold Property
The property was recently sold within the past year on 2025-04-03. The sold price is $725,000.00.
- Local School Ratings
The property is served by several immediate neighborhood schools with low performance ratings, which may be a significant drawback for families prioritizing top-tier public education.
About 7040 Tyrone Avenue
Stunning Dual-Residence Property with Brand-New ADU. This remarkable property presents a rare opportunity to experience refined living paired with extraordinary versatility. Set in one of most desirable locations, the estate features a beautifully appointed fully rebuilt main residence and a brand-new ADU thoughtfully designed to meet the needs of modern luxury living. The front home spans 1,696 square feet, offering 3 bedrooms and 2.5 bathrooms, rich hardwood flooring, recessed lighting, and an abundance of natural light create a warm yet sophisticated atmosphere throughout. The kitchen is both elegant and functional, showcasing ample cabinetry and a bright, open layout ideal for daily living and entertaining alike. Complementing the main residence is a newly constructed ADU of 1,196 square feet, featuring 3 bedrooms and 2 bathrooms. Designed with privacy and comfort in mind, this modern space is perfect for extended family or a premium rental opportunity. Fully paid-off solar enhances sustainability while delivering long-term energy savings. Offering flexibility, style, and exceptional value, this one-of-a-kind property seamlessly blends luxury, functionality, and investment potential—an unparalleled offering in today’s market.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 7,184 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Andres And Maria Cardenas Elementary School
Grades K-5 • 0.2 mi
Andres And Maria Cardenas Elementary School
Grades K-5 • 0.2 mi
Hazeltine Avenue Elementary School
Grades K-5 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 97% |
| Baths | 5.0 | 2.0 | 95% |
| Square foot | 2,892 | 1,631 | 93% |
| Lot Size | 7,184 | 6,703.5 | 69% |
| Price | $1.50M | $867.5K | 97% |
| Price per sq ft | $519 | $531 | 48% |
| Built year | 1949 | 1954 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 169 | 2% |
Pricing History
Listed for Sale
Feb 9, 2026
$1,499,999
Initial Listing
Sold
Apr 3, 2025
$725,000
Public Record