RealKey
‪(213) 433-7766‬

7146 Ranchito Avenue, Van Nuys, California 91405, Van Nuys, 91405 - 2 bed, 1 bath

7146 Ranchito Avenue, Van Nuys, California 91405 home-pic-0
ACTIVE$895,000
7146 Ranchito Avenue, Van Nuys, California 91405
2Beds
1Bath
1,127Sqft
8,526Lot
Year Built
1948
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$794
HOA
-
Days on market
-
Sold On
-
MLS number
SR25055385
Home ConditionFair
Features
View-

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,7 Pros. Rank: price - $895.0K(51th), sqft - 1127(9th), beds - 2(19th), baths - 1(11th).

Welcome to 7146 Ranchito Avenue, a wonderful opportunity in the heart of Van Nuys! This charming single-family home features 2 bedrooms, 1 bathroom, and a versatile bonus room, on a generous 8,523 square foot lot. Recently remodeled with enhancements, the home boasts a functional layout filled with natural light, a well-designed kitchen, and comfortable living areas. The property includes a paid-off solar panel system, a gated front driveway, and an attached 1-car garage, providing both security and convenience. The spacious backyard presents endless possibilities, whether you want to create a relaxing outdoor retreat, expand the home, or build an ADU. Additionally, this property offers a rare opportunity to develop a new 3,900 SF home with an ADU and Junior ADU. Situated on a quiet, tree-lined street just south of Sherman Way, this home is ideally located near schools, shopping, dining, and major freeways, ensuring easy access to everything the San Fernando Valley has to offer. Don't miss out on this incredible investment or homeownership opportunity—schedule your private tour today!

Nearby schools

5/10
Hazeltine Avenue Elementary School
Public,•K-5•0.3mi
1/10
Andres And Maria Cardenas Elementary School
Public,•K-5•0.5mi
3/10
Andres And Maria Cardenas Elementary School
Public,•K-5•0.5mi
4/10
Kittridge Street Elementary School
Public,•K-5•0.8mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•1.0mi
3/10
Van Nuys Elementary School
Public,•K-5•1.1mi
4/10
Burton Street Elementary School
Public,•K-5•1.3mi
6/10
Erwin Elementary School
Public,•K-5•1.4mi
4/10
Valerio Street Elementary School
Public,•K-5•1.5mi
3/10
Michelle Obama Elementary
Public,•K-5•1.7mi
2/10
Columbus Avenue School
Public,•K-5•1.7mi
4/10
Sylvan Park Elementary School
Public,•K-5•1.9mi
5/10
Noble Avenue Elementary School
Public,•K-5•2.1mi
4/10
Bassett Street Elementary School
Public,•K-5•2.4mi
3/10
Bassett Street Elementary School
Public,•PK-5•2.4mi
4/10
Cohasset Street Elementary School
Public,•K-5•2.5mi
3/10
Cohasset Street Elementary School
Public,•K-5•2.5mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.6mi
3/10
Langdon Avenue Elementary School
Public,•K-5•2.9mi
3/10
Gault Street Elementary School
Public,•K-5•3.9mi
3/10
Gault Street Elementary School
Public,•K-5•4.0mi
4/10
Parthenia Street Elementary School
Public,•K-5•4.1mi
7/10
Stagg Street Elementary School
Public,•K-5•4.1mi
5/10
James Madison Middle School
Public,•6-8•1.1mi
3/10
Vista Middle School
Public,•6-8•2.0mi
2/10
Van Nuys Middle School
Public,•6-8•2.4mi
5/10
William Mulholland Middle School
Public,•6-8•4.0mi
3/10
William Mulholland Middle School
Public,•6-8•4.1mi
7/10
Oliver Wendell Holmes Middle School
Public,•6-8•4.8mi
3/10
Northridge Middle School
Public,•6-8•5.4mi
3/10
Robert Fulton College Preparatory School
Public,•6-12•1.3mi
2/10
Panorama High School
Public,•9-12•1.3mi
6/10
Van Nuys Senior High School
Public,•9-12•1.4mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.9mi
6/10
John H. Francis Polytechnic
Public,•9-12•2.3mi
3/10
James Monroe High School
Public,•9-12•3.5mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.6mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.7mi
7/10
Northridge Academy High
Public,•9-12•5.9mi
Condition Rating
Fair
The property, built in 1948, has received recent cosmetic updates visible in the living areas and bedrooms, such as new laminate flooring, fresh paint, and recessed lighting. However, the absence of images for the kitchen and bathroom, despite the description mentioning a 'well-designed kitchen,' suggests these key areas may not be as extensively updated or modern as the visible interior. The exterior shows signs of deferred maintenance with a cracked driveway and unkempt landscaping. While the paid-off solar panels are a significant upgrade, the overall condition points to a home that is aged but maintained through occasional updates, requiring minor repairs and potential updates in the kitchen and bathroom to meet current aesthetic standards, aligning with a 'Fair' rating.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8526, living area = 1127.
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Significant Development Potential: The generous 8,523 sqft lot offers a rare opportunity to develop a new 3,900 SF home with an ADU and Junior ADU, or expand the existing home.
Energy Efficiency & Cost Savings: The property includes a paid-off solar panel system, providing immediate utility cost reductions and environmental benefits.
Recent Interior Remodel: Recently remodeled with enhancements, the home boasts a functional layout, natural light, and a well-designed kitchen, suggesting move-in readiness.
Desirable Location & Accessibility: Situated on a quiet, tree-lined street with convenient access to schools, shopping, dining, and major freeways in Van Nuys.
Versatile Bonus Room & Security: Includes a versatile bonus room for flexible use and a gated front driveway with an attached 1-car garage, enhancing security and convenience.

Cons

Substantial Overpricing: The listing price of $895,000 is significantly higher than the estimated property value of $635,941, potentially hindering buyer interest and market competitiveness.
Limited Bedroom/Bathroom Count: With only 2 bedrooms and 1 bathroom, the property offers a smaller living capacity compared to other homes in a similar price range or neighborhood.
Age of Original Structure: Built in 1948, the underlying structure is over 75 years old, which could imply potential for unseen maintenance issues or higher long-term upkeep costs despite recent remodels.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state