7421 Ostrom Avenue, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 2 bath
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Van Nuys, California 91406
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned above the $723,013 Fair Market Value by 10%. While the list price exceeds the current valuation, the home’s Fair Condition Rating and mid-century architectural features provide a foundation for significant value-add renovations. The 4-bedroom layout and proximity to Kester Avenue Elementary School offer long-term appeal. This is a strategic acquisition for Fix-and-Flip Investors or Contractors capable of modernizing the dated interiors to capture neighborhood appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7421 Ostrom Avenue Subject | $799,000* List Price | 4 | 2 | 1,581 | $457 | - |
A 8147 Aldea Avenue Sold | $700,000 | 3 | 2 | 1,536 | $456 | 0.9 mi |
B 7038 Mclennan Avenue Sold | $765,000 | 3 | 2 | 1,887 | $405 | 0.7 mi |
C 7341 Amestoy Avenue Pending | $595,000 List Price | 3 | 3 | 1,639 | $363 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 and explicitly marketed as a 'fixer,' the property shows significant signs of age and deferred maintenance. The kitchen and bathrooms feature dated renovations (likely 25+ years old) with visible wear and water damage on the cabinetry, necessitating a full rehab to meet modern standards.
Elementary School: Kester Avenue Elementary School (9/10).
The home features desirable mid-century elements including wood-beamed ceilings, a fireplace, and partial walls of glass that provide a strong foundation for a high-end renovation.
With 4 bedrooms and nearly 1,600 square feet of living space, the property offers a generous footprint and a functional floor plan that is rare for homes of this era in the area.
Designated as a probate fixer, the property requires significant investment and modernization, which may pose challenges for traditional financing or buyers looking for move-in readiness.
Located near the Van Nuys Airport, the property may experience intermittent noise levels that could be a drawback for noise-sensitive residents.
Great probate fixer in Van Nuys! 4 Bedrooms 2 bathrooms with impressive architectural features. Step into the living room with wood beamed ceilings and fireplace. Kitchen with tile floors, lovely wood cabinets, lots of countertop space, partial walls of glass and natural light. Dining area, with an additional room off the living room that has access to the back yard. Primary bedroom, with primary full bathroom. The front bedroom has a, walk in 3/4 bath, and a sliding dual pane window leading to the covered front porch. Spacious backyard and front yard. Big driveway with plenty of room to park. The 2-car garage is only attached by the roof. Charming neighborhood located close to Ralphs market, Louise Park, Van Nuys Airport, and freeway access.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,581 | 1,536 | 55% |
| Lot Size | 6,002 | 6,493 | 21% |
| Price | $799.0K | $885.0K | 20% |
| Price per sq ft | $505 | $598 | 20% |
| Built year | 1954 | 1950 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 137 | 2% |
May 19, 2026
$799,000
Initial Listing
Jan 19, 2018
$580,000
Public Record