
Los Angeles, California 91406
This property presents a High-Potential Investment Opportunity with a List Price of $960,000—positioned well below the $1,004,305 Fair Market Value by 4%. This valuation gap offers $44,305 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home includes a versatile ADU and a spacious 2,181 sqft floor plan. Its strategic location near the 101 and 405 freeways ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7349 Zombar Subject 4 bd · 3 ba · 2,181 sqft · $460 | $960,000* List Price | 4 | 3 | 2,181 | $460 | - |
A 15401 Covello Street Sold 3 bd · 2 ba · 1,558 sqft · $513 · 0.2 mi | $799,000 | 3 | 2 | 1,558 | $513 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1969, this property is dated and marketed as an investment opportunity. Interior photos show older finishes like popcorn ceilings, while the exterior stucco shows signs of weathering. It appears functional and livable but requires cosmetic updates and modernization throughout.
The inclusion of an ADU (Accessory Dwelling Unit) provides a significant opportunity for rental income or multi-generational living, adding substantial value to the investment.
Offering approximately 2,181 square feet of living space with four bedrooms, this home provides a generous and functional floor plan rarely found at this price point in the area.
Conveniently located near the 101 and 405 freeways, the property offers excellent accessibility for residents commuting throughout the San Fernando Valley and Greater Los Angeles.
Marketed as an 'investment opportunity' to 'make your own,' the property likely requires significant cosmetic or structural updates to reach its full market potential.
The property lacks any views and is situated in a dense suburban setting, which may be a drawback for buyers seeking aesthetic surroundings or privacy.
EXEPTIONAL INVESTMENT OPPORTUNITY IN VAN NUYS.FIRST TIME BUYES AND INVESTORS ARE WELCOME TO BECOME OWNERS OF THIS SPACIOUS SINGLE FAMILY HOME. OFFERING APPROXIMATELY 2181 SQF OF LIVING SPACE 4 BEDROOMS 3 BATHROOMS. PROPERTY INCLUDES ADUAND LARGE CARPORT. CONVENIENTLY LOCATED NEAR THE 101,405 FWY, THIS HOME OFFERS A PRACTICAL SETTINGS FOR EVERYDAY LIVING. WHIT ITS GENEROUS FLOOR PLAN IT IS A OPPORTUNITY TO MAKE THIS PROPERTY YOUR OWN
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,181 | 1,670.836 |
| Lot Size | 6,228 | 6,152.156 |
| Price | $960.0K | $1.34M |
| Price per sq ft | $440 | $807 |
| Built year | 1969 | 1941 |
| HOA | $0 | $238 |
| Days on market | 56 | 56 |
Sep 14, 2026
$960,000
Initial Listing
May 14, 2004
$418,000
Public Record
Mar 27, 2002
$235,000
Public Record
Dec 13, 2001
$150,000
Public Record