7503 Aqueduct Ave, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 2 bath
7503 Aqueduct Ave
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 7503 Aqueduct Ave, Van Nuys, California 91406 reveals a Fairly Priced Property with a current list price of $850,000 aligned with the estimated $850,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Van Nuys Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7503 Aqueduct Ave Subject | $850,000* List Price | 3 | 2 | 1,693 | $502 | - |
A 15409 Wyandotte Street Sold | $1,035,000 | 3 | 2 | 1,631 | $635 | 0.4 mi |
B 15354 Runnymede Street Sold | $865,000 | 4 | 2 | 1,774 | $488 | 0.3 mi |
C 15330 Hart Street Sold | $920,000 | 5 | 4 | 1,805 | $510 | 0.8 mi |
D 15517 Hart Street Sold | $1,005,000 | 3 | 2 | 1,830 | $549 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1948, this property has undergone extensive and recent renovations, including a newly remodeled gourmet kitchen with high-end Wolf appliances, new copper plumbing, an updated electrical panel, a new AC unit, tankless water heater, and newly installed solar panels. The bathrooms also appear recently updated with modern fixtures. These comprehensive upgrades bring the property to a virtually new standard, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Upgrades
The property boasts significant recent upgrades including newly installed solar panels, a new AC unit, copper plumbing, an updated electrical panel, a tankless water heater, and dual-pane tinted windows, ensuring energy efficiency and reduced maintenance.
- Remodeled Gourmet Kitchen
Features a newly remodeled gourmet kitchen with granite countertops, custom cabinetry, and a high-end Wolf stove, providing a modern and functional space for cooking and entertaining.
- ADU Conversion Potential
The detached oversized two-car garage, coupled with alley access, offers an excellent opportunity for an Accessory Dwelling Unit (ADU) conversion, providing potential for rental income or expanded living space.
CONSRISKS & DEFICIENCIES
- Original Construction Year
Built in 1948, despite numerous modern upgrades, the core structure is older, which may lead to concerns about other age-related issues not explicitly addressed or require further modernization in areas not mentioned as updated.
- Undeveloped Outdoor Areas
While offering 'two separate outdoor spaces' and a 'large cemented area ready to be transformed,' these areas are currently undeveloped, requiring additional investment and vision from the buyer to realize their full potential.
- Neighborhood Perception
Located in Van Nuys, while offering convenient freeway access, the neighborhood may not carry the same prestige or perceived value as some other Los Angeles areas, potentially influencing long-term appreciation or buyer appeal for certain demographics.
About 7503 Aqueduct Ave
PRICE REDUCTION!!! Nestled on a desirable corner lot, this stunning residence offers 1,693 sqft of bright, open living space on a generous 6,785 sqft lot. Step inside to discover a spacious, thoughtfully designed layout featuring 3 bedrooms and 2 bathrooms. At the heart of the home lies a newly remodeled gourmet kitchen, complete with granite countertops, custom cabinetry, and a show-stopping Wolf stove—perfect for any home chef. A recently added 457 sqft of living space enhances the open-concept design, creating an inviting area ideal for entertaining or relaxing by the fireplace. This home is energy-efficient, featuring newly installed solar panels that help keep utility costs low while you enjoy year-round California sunshine. Major system upgrades include new copper plumbing, an updated electrical panel, a tankless water heater, and a new AC unit. Additional highlights include dual-pane tinted windows, custom shutters, and a modern security system to ensure both comfort and peace of mind. The exterior is equally impressive, featuring a gated, lush front yard, a two-car driveway, and a detached oversized two-car garage—offering the perfect opportunity for an ADU conversion. Enjoy two separate outdoor spaces ideal for lounging, entertaining, or creating your own private retreat. The property also includes alley access and a large cemented area, ready to be transformed into your dream outdoor setup. Located just minutes from the 405 and 101 freeways and close to the Orange Line, this home provides easy access to everything Los Angeles has to offer. You’re also just moments away from Lake Balboa Park, local golf courses, and the Van Nuys Airport. Don’t miss the chance to make this beautifully upgraded Lake Balboa gem your new home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 6,785 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,693 | 1,509 | 65% |
| Lot Size | 6,785 | 6,550 | 65% |
| Price | $850.0K | $875.0K | 43% |
| Price per sq ft | $502 | $608 | 20% |
| Built year | 1948 | 1950 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 118 | 164 | 27% |
Pricing History
Listed for Sale
Feb 3, 2026
$850,000
$875,000
-3% Price Drop
Initial Listing
Price Change
Nov 8, 2025
$875,000
Initial Listing
Sold
Jan 28, 1998
$126,500
Public Record