7406 Collett, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 4 bath

7406 Collett, Van Nuys, California 91406 home-pic-0
ACTIVE UNDER CONTRACT$1,250,000$2,495/sqft
Est. Value: $1,273,654
1%
FairlyEstimate
7406 Collett, Van Nuys, California 91406
4Beds
4Baths
2,495Sqft
7,803Lot

Price Vs. Estimate

The estimated value ($1,273,654.02) is $23,654.02 (1%) lower than the list price ($1,250,000). This property may be overpriced.

Key pros and cons

Top Pros:
Brand-New Detached ADU: The property includes a brand-new (2021), detached ADU with its own address, offering significant value for rental income, multi-generational living, or a private home office.
Top Cons:
No Mention of Cooling System: The property description does not specify the presence of a cooling system (e.g., central air conditioning), which could be a significant drawback in Southern California's climate.

Compared to the nearby listings

Price:$1.25M vs avg $879.0K (+$371,000)92%
Size:2,495 sqft vs avg 1,481 sqft91%
Price/sqft:$501 vs avg $61118%

More Insights

Built in 1948 (78 years old).
Condition: The property features a main house that has been completely and extensively renovated throughout, showcasing modern finishes, white tile and wood-look flooring, recessed lighting, and a crisp, contemporary aesthetic. The main kitchen boasts white custom cabinetry, granite countertops, and stainless steel appliances, while the primary bathroom offers a spa-inspired design with modern fixtures and tiling. Additionally, a brand-new, detached ADU was completed in 2021, featuring its own full, modern kitchen and bathroom. All visible components are new or virtually new, meeting current quality standards, making this a truly turnkey offering.
Year Built
1948
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$501
HOA
-
Days on market
-
Sold On
-
MLS number
GD25280543
Home ConditionExcellent
Features
Patio
View-

About this home

A refreshing change from the neighborhood norm. How incredibly fortunate to call this Spanish abode your very own. Rich in character and charm both inside and out, this beautifully reimagined property offers a rare opportunity to enjoy a fully renovated main residence plus a brand-new, detached ADU—each with its own address and delivered vacant. The main house, completely renovated throughout, features 3 bedrooms, 2.5 bathrooms, and 1,649 sq ft of thoughtfully curated living space. A grassy front yard, long brick-accented concrete driveway, and tranquil front porch set the tone for the home’s timeless Spanish architectural appeal. Inside, gorgeous white tile floors, elegant arches, smooth ceilings, recessed lighting, and a crisp, modern color palette create a seamless flow of warmth and sophistication. The light-filled living room is anchored while the stunning kitchen showcases custom cabinetry, granite countertops, and stainless steel appliances. The primary retreat impresses with soaring ceilings and a private, spa-inspired bath featuring resort style finishes with separate shower. A large formal dining area and dedicated office or playroom add versatility, while two additional spacious bedrooms and tastefully upgraded baths complete the main residence. Outside, expansive 7,800 plus lot with grassy rear grounds and a large courtyard provide the perfect setting for entertaining, play, or relaxation. A spectacular mature tree along the eastern boundary hosts a daily chorus of birds, creating a serene and memorable outdoor experience. Adding exceptional value is the brand-new ADU completed in 2021, approximately 850 sq ft, with its own address. This single-story guest house features one bedroom, a full bathroom, living room, full kitchen, and in-unit laundry, making it ideal for extended family, guests, rental income, or a private home office. Located near Lake Balboa, this property is perfectly suited for an owner-user looking to live in one and rent the other, or for an investor seeking a strong income-producing asset with two fully independent residences. The countless upgrades throughout make this a truly turnkey offering. This is one you don’t want to miss.

L
Levon Arzumanyan
Listing Agent

Price History

Date
Event
Price
09/04/15
Sold
$516,000
02/12/10
Sold
$390,000
06/07/04
Sold
$405,000
Condition Rating
Excellent

The property features a main house that has been completely and extensively renovated throughout, showcasing modern finishes, white tile and wood-look flooring, recessed lighting, and a crisp, contemporary aesthetic. The main kitchen boasts white custom cabinetry, granite countertops, and stainless steel appliances, while the primary bathroom offers a spa-inspired design with modern fixtures and tiling. Additionally, a brand-new, detached ADU was completed in 2021, featuring its own full, modern kitchen and bathroom. All visible components are new or virtually new, meeting current quality standards, making this a truly turnkey offering.
Pros & Cons

Pros

Brand-New Detached ADU: The property includes a brand-new (2021), detached ADU with its own address, offering significant value for rental income, multi-generational living, or a private home office.
Fully Renovated Main Residence: The main house has been completely renovated throughout, featuring modern finishes, a stunning kitchen, spa-inspired primary bath, and a thoughtful design, making it truly turnkey.
Versatile Income Potential: Ideal for an owner-user to live in one unit and rent the other, or for an investor seeking a strong income-producing asset with two independent residences.
Charming Spanish Architecture: The main residence boasts timeless Spanish architectural appeal, rich character, elegant arches, and a modern color palette, enhancing its curb appeal and interior charm.
Expansive & Serene Outdoor Space: An expansive 7,800+ sq ft lot features grassy rear grounds, a large courtyard, and a mature tree, providing a serene setting for entertaining, play, or relaxation.

Cons

No Mention of Cooling System: The property description does not specify the presence of a cooling system (e.g., central air conditioning), which could be a significant drawback in Southern California's climate.
Age of Main Structure: While extensively renovated, the main house was built in 1948. Without explicit details on updated major systems (plumbing, electrical, foundation), potential buyers may have concerns about underlying infrastructure.
Van Nuys Location Perception: Located in Van Nuys, the neighborhood's general perception, while improving and near Lake Balboa, may not appeal to all buyers seeking more established or premium Los Angeles areas.
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