
Van Nuys, California 91406
This Single Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $799,000—positioned above the $642,256 Fair Market Value. While the property features a Condition Rating of 3 with modernized interiors, refinished hardwood floors, and a detached flex space, the current pricing reflects its development potential rather than immediate equity. The ability to combine this lot with the neighboring property creates a unique prospect for density expansion. This asset is best suited for Buy-and-Hold Investors or Developers seeking long-term growth in the Van Nuys market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7402 Haskell Subject | $799,000* List Price | 3 | 2 | 1,205 | $634 | - |
A 15732 Covello St Sold | $807,500 | 3 | 2 | 1,305 | $619 | 0.2 mi |
B 15513 Cohasset Street Sold | $850,000 | 3 | 2 | 1,299 | $654 | 0.2 mi |
C 15358 Gault Street Sold | $890,000 | 3 | 2 | 1,507 | $591 | 0.5 mi |
D 15401 Covello Street Sold | $799,000 | 3 | 2 | 1,558 | $513 | 0.4 mi |
E 6859 Langdon Avenue Sold | $925,000 | 3 | 2 | 1,578 | $586 | 0.7 mi |
F 15445 Archwood Street Active Under Contract | $799,900 List Price | 3 | 1 | 1,162 | $688 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property has been significantly updated with refinished hardwood floors and a functional central HVAC system. While the bathroom renovation style is approximately 10-15 years old, the home is well-maintained, move-in ready, and features a clean exterior.
The residence features high-quality updates including refinished hardwood floors, a remodeled interior, and central HVAC, offering a move-in-ready experience for owner-users.
The property includes a detached office/flex space and a converted garage, providing significant versatility for remote work, guest quarters, or additional functional living area.
Positioned as a prime development opportunity, the property can be purchased with the adjacent lot, allowing for increased density or a larger-scale income-producing project.
The conversion of the two-car garage into living space eliminates covered parking and dedicated storage, which may be a drawback for buyers requiring traditional vehicle housing.
With a lot size under 5,000 square feet, standalone expansion possibilities and outdoor yard space are somewhat limited compared to larger residential parcels in the area.
Investor, developer, or owner-user opportunity in the heart of Van Nuys! This beautifully remodeled 3-bedroom, 2-bath residence offers approximately 1,205 square feet of updated living space on a nearly 5,000-square-foot lot. Featuring refinished hardwood floors, a bright and open floor plan, central air and heat, a charming brick fireplace, and a detached office/flex space, this property combines comfort and functionality. The spacious yard provides room for entertaining, outdoor enjoyment, or future possibilities. A two-car garage has been converted into an office/functional space. With room to park in the drive. Conveniently located near the 405 Freeway, shopping, dining, and the recreational amenities of Lake Balboa, this property presents an exceptional opportunity for homeowners and investors alike. Also available in conjunction with the neighboring property, creating potential for a larger development or income-producing investment. Buyer to verify all development, zoning, and property information. Tenant occupied.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,205 | 1,521 |
| Lot Size | 4,919 | 6,602 |
| Price | $799.0K | $922.2K |
| Price per sq ft | $663 | $593 |
| Built year | 1952 | 1953 |
| HOA | $0 | $0 |
| Days on market | 41 | 54 |
Jun 11, 2026
$799,000
Initial Listing
Feb 28, 2018
$304,000
Public Record
Aug 18, 1995
$12,000
Public Record