7129 Forbes Avenue, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 3 bath
7129 Forbes Avenue
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 7129 Forbes Avenue, Van Nuys, California 91406 reveals a Fairly Priced Property with a current list price of $1,190,000 aligned with the estimated $1,190,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 7129 Forbes Avenue Subject | $1,190,000* List Price | 4 | 3 | 2,525 | $471 | - |
A 17443 Valerio Street Sold | $1,250,000 | 5 | 4 | 2,533 | $493 | 0.9 mi |
B 6641 Gerald Avenue Sold | $890,000 | 4 | 2 | 1,694 | $525 | 0.7 mi |
C 17064 Cantlay Active | $1,345,000 List Price | 4 | 3 | 2,832 | $475 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property was built in 2007, placing it within the 10-20 year age range defined for a 'good' condition score. It is move-in ready and features well-maintained systems, including modern smart home technology, built-in surround sound, and a spacious primary suite with a soaking tub and dual sinks. While the home is high-quality and functional, it does not meet the 'excellent' criteria as it has not undergone a full-scale renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Modern Construction & Smart Integration
Built in 2007, this residence is significantly newer than many homes in the area and comes fully equipped with integrated smart home technology and built-in surround sound speakers.
- Expansive Primary Suite
The oversized 18'x18' primary suite serves as a true luxury retreat, featuring dual walk-in closets and a spa-like bathroom with a soaking tub and separate shower.
CONSRISKS & DEFICIENCIES
- Local School Ratings
While the district offers some high-performing options, several of the immediate neighborhood public schools carry lower performance ratings, which may impact appeal for some families.
- Market Positioning
A recent price reduction from the original list price indicates the property is still adjusting to find its competitive market value within the specific Van Nuys sub-market.
About 7129 Forbes Avenue
This is a Short Sale. This lovely 2,525-square-foot home, constructed in 2007 in Van Nuys, offers 4 bedrooms and 3 bathrooms. The expansive primary suite includes an 18'x18' bedroom with two walk-in closets, dual sinks, a separate shower, and a soaking tub. A versatile downstairs bedroom is ideal for guests or a home office. The residence is equipped with modern conveniences like a dedicated laundry room, a two-car garage, and smart home features such as customized lighting, a smart lock, thermostat, and security cameras. Entertainment is enhanced by built-in surround sound speakers and a gas fireplace. Outdoors, the property boasts drought-tolerant ficus trees, a vertical garden, a strawberry patch, and a raised garden bed with an automatic watering system. Designed for privacy, this home is perfect for both indoor and outdoor entertaining. Make sure to come see.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2007
- Lot Size
- 5,108 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Gault Street Elementary School
Grades K-5 • 0.2 mi
Gault Street Elementary School
Grades K-5 • 0.3 mi
Anatola Avenue Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 2,525 | 1,509 | 91% |
| Lot Size | 5,108 | 6,509 | 3% |
| Price | $1.19M | $875.0K | 89% |
| Price per sq ft | $471 | $608 | 13% |
| Built year | 2007 | 1950 | 99% |
| HOA | $0 | $0 | 50% |
| Days on market | 280 | 164 | 97% |
Pricing History
Listed for Sale
Aug 28, 2025
$1,190,000
Initial Listing
Price Change
May 30, 2025
$1,249,000
Initial Listing