7407 Densmore Avenue, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 1 bath
ACTIVE UNDER CONTRACT$745,000
7407 Densmore Avenue, Van Nuys, California 91406
3Beds
1Bath
1,356Sqft
6,753Lot
Price Vs. Estimate
The estimated value ($743,432.28) is $1,567.72 (0%) lower than the list price ($745,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Investment Potential: Explicitly marketed towards investors, flippers, and visionaries, highlighting significant potential for profit through renovation and value addition.
Top Cons:
Sold As-Is Condition: The property is sold 'AS-IS,' indicating that buyers will be responsible for all necessary repairs, upgrades, and associated costs, posing a financial risk.
Compared to the nearby listings
Price:$745.0K vs avg $900.0K ($-154,999)13%
Size:1,356 sqft vs avg 1,494 sqft42%
Price/sqft:$549 vs avg $60429%
More Insights
Built in 1949 (76 years old).
Condition: Built in 1949, this property is explicitly marketed 'AS-IS' for investors and flippers, indicating extensive renovation is required. The images reveal severely outdated and worn conditions throughout, including a kitchen with original, dated cabinets and appliances, and bathrooms with old fixtures, tiles, and vanities. Flooring is either worn hardwood, exposed subfloor, or old laminate/tile. Walls are stained and peeling, and light fixtures are basic and old. While the description mentions 'solid bones,' suggesting structural integrity, the cosmetic and functional obsolescence is profound, requiring substantial repairs and rehabilitation of all major systems and finishes to be livable and meet modern standards.
Year Built
1949
Close
-
List price
$745K
Original List price
$799K
Price/Sqft
$549
HOA
-
Days on market
-
Sold On
-
MLS number
MB25129482
Home ConditionPoor
Features
Patio
View-
About this home
Calling all investors, flippers, and visionaries—this is your chance to turn potential into profit. SOLD AS - IS, This 3-bedroom, 1.5-bath, single-story home spans 1,356 sq ft and sits on a generous 6,753 sq ft lot with a detached 2-car garage. Whether you're looking to renovate, redesign, or reimagine, this property is your blank canvas. With solid bones and endless possibilities, this diamond in the rough won’t stay on the market for long. Bring your tools and your vision—it’s time to create something amazing.
Condition Rating
Poor
Built in 1949, this property is explicitly marketed 'AS-IS' for investors and flippers, indicating extensive renovation is required. The images reveal severely outdated and worn conditions throughout, including a kitchen with original, dated cabinets and appliances, and bathrooms with old fixtures, tiles, and vanities. Flooring is either worn hardwood, exposed subfloor, or old laminate/tile. Walls are stained and peeling, and light fixtures are basic and old. While the description mentions 'solid bones,' suggesting structural integrity, the cosmetic and functional obsolescence is profound, requiring substantial repairs and rehabilitation of all major systems and finishes to be livable and meet modern standards.
Pros & Cons
Pros
High Investment Potential: Explicitly marketed towards investors, flippers, and visionaries, highlighting significant potential for profit through renovation and value addition.
Generous Lot Size: A substantial 6,753 sq ft lot provides ample space for potential expansion, extensive landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Detached 2-Car Garage: Offers valuable off-street parking, additional storage, or potential for conversion into a workshop or ADU, enhancing property utility.
Solid Structural Foundation: Described as having 'solid bones,' suggesting a structurally sound base for renovation rather than requiring a complete tear-down.
Single-Story Layout: Appeals to a broad range of buyers, including those seeking accessibility, ease of maintenance, or a simpler living arrangement.
Cons
Sold As-Is Condition: The property is sold 'AS-IS,' indicating that buyers will be responsible for all necessary repairs, upgrades, and associated costs, posing a financial risk.
Extensive Renovation Needed: Described as a 'blank canvas' and 'diamond in the rough,' implying the property is outdated and requires comprehensive modernization of finishes, fixtures, and potentially systems.
Limited Bathroom Count: With only 1.5 bathrooms for a 3-bedroom home, the property falls below modern expectations for family living, potentially limiting buyer appeal and functionality.