7315 Woodley, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 1 bath
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Van Nuys, California 91406
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned well above the $649,413 Fair Market Value by -22%. Featuring R3-1 Zoning, this Asset offers significant development potential for up to 8 units plus ADUs. With a Condition Rating of 5, the existing bungalow provides immediate rental viability while planning future construction. This is a strategic acquisition for Buy-and-Hold Investors or Developers seeking to maximize density in a high-demand, transit-oriented Van Nuys location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7315 Woodley Subject | $795,000* List Price | 2 | 1 | 844 | $769 | - |
A 15945 Hart Street Sold | $667,000 | 2 | 1 | 834 | $800 | 0.4 mi |
B 7542 Gaviota Sold | $815,000 | 3 | 1 | 1,126 | $724 | 0.3 mi |
C 6631 Densmore Avenue Sold | $755,000 | 2 | 1 | 988 | $764 | 0.9 mi |
D 16005 Wyandotte Street Sold | $700,000 | 3 | 1 | 924 | $758 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1929, this property is primarily marketed as a redevelopment opportunity. While the listing notes a newer electrical panel and an updated bathroom, the exterior shows significant wear with peeling paint and weathered stucco. The interior features dated tile and basic finishes. Given its age and the focus on land value for multi-unit development, it requires a full rehab to meet modern standards.
The R3-1 zoning provides a rare opportunity for builders to develop up to 8 units plus multiple ADUs, maximizing the land's value and investment return.
Proximity to the 405 Freeway, Van Nuys Airport, and the FlyAway Bus Terminal ensures high demand from commuters and professionals in major employment centers.
With an updated bathroom and newer electrical panel, the existing Spanish bungalow serves as a functional rental to generate cash flow while planning future development.
At only 844 square feet, the current residence is undersized for modern single-family buyers, limiting the property's appeal primarily to developers.
The 1929 construction date suggests that despite some updates, the property may harbor aged plumbing or structural elements typical of homes nearly a century old.
INVESTOR / DEVELOPER OPPORTUNITY! Rare R3-1 zoned property in a prime Van Nuys location featuring a charming Spanish-style 2 bedroom, 1 bathroom bungalow with detached garage and additional storage structure. Property offers excellent potential for redevelopment, expansion, or long-term investment. Existing home features an updated bathroom and newer electrical panel, making it ideal to hold as a rental while planning future development. Per seller’s understanding and preliminary information, property may allow for By-Right development of up to 8 units plus 2 detached ADUs and 1 attached ADU. Buyer to independently verify all development potential, zoning, density, ADU guidelines, permits, and usage with the City of Los Angeles Planning and Building Departments. Approximate lot dimensions are 54’ x 120’. Property is connected to water, gas, electricity, sewer, paved streets, curbs, and sidewalks. Conveniently located near the 405 Freeway, Van Nuys Airport, FlyAway Bus Terminal, USPS, shopping, dining, and major employment centers. Excellent opportunity for builders, investors, or buyers looking for future upside in a high-demand rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 844 | 1,521 | 2% |
| Lot Size | 6,481 | 6,525 | 47% |
| Price | $795.0K | $885.0K | 20% |
| Price per sq ft | $942 | $600 | 98% |
| Built year | 1929 | 1950 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 137 | 2% |
May 20, 2026
$795,000
Initial Listing