7503 Aqueduct Ave, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 2 bath

7503 Aqueduct Ave, Van Nuys, California 91406 home-pic-0
ACTIVE$875,000
7503 Aqueduct Ave, Van Nuys, California 91406
3Beds
2Baths
1,693Sqft
6,785Lot

Price Vs. Estimate

The estimated value ($913,352.575) is $38,352.575 (4%) higher than the list price ($875,000). This property may be underpriced.

Key pros and cons

Top Pros:
Extensive System Upgrades: The property boasts significant recent upgrades including newly installed solar panels, new copper plumbing, an updated electrical panel, a tankless water heater, and a new AC unit, ensuring modern comfort and efficiency.
Top Cons:
Previous Market Challenges: The listing indicates 'BACK ON THE MARKET!!! PRICED TO SELL!!! SELLER OFFERING CONCESSIONS!!!', which may suggest previous difficulties in selling, potentially due to pricing, inspection issues, or buyer concerns.

Compared to the nearby listings

Price:$875.0K vs avg $900.0K ($-24,999)45%
Size:1,693 sqft vs avg 1,496 sqft69%
Price/sqft:$517 vs avg $60420%

More Insights

Built in 1948 (77 years old).
Condition: Despite being built in 1948, this property has undergone extensive and recent renovations that bring it to an excellent condition. The description explicitly states a 'newly remodeled gourmet kitchen' with high-end features like granite countertops, custom cabinetry, and a Wolf stove, which is confirmed by the images showing modern appliances and finishes. Crucially, major system upgrades include new copper plumbing, an updated electrical panel, a tankless water heater, and a new AC unit, along with newly installed solar panels. These comprehensive updates, particularly within the last 5 years for key components, ensure the property meets current quality standards with minimal physical depreciation, making it virtually new in its critical systems and aesthetics.
Year Built
1948
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$517
HOA
-
Days on market
-
Sold On
-
MLS number
CV25254598
Home ConditionExcellent
Features
Patio
View-

About this home

BACK ON THE MARKET!!! PRICED TO SELL!!! SELLER OFFERING CONCESSIONS!!! 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!

Price History

Date
Event
Price
01/28/98
Sold
$126,500
Condition Rating
Excellent

Despite being built in 1948, this property has undergone extensive and recent renovations that bring it to an excellent condition. The description explicitly states a 'newly remodeled gourmet kitchen' with high-end features like granite countertops, custom cabinetry, and a Wolf stove, which is confirmed by the images showing modern appliances and finishes. Crucially, major system upgrades include new copper plumbing, an updated electrical panel, a tankless water heater, and a new AC unit, along with newly installed solar panels. These comprehensive updates, particularly within the last 5 years for key components, ensure the property meets current quality standards with minimal physical depreciation, making it virtually new in its critical systems and aesthetics.
Pros & Cons

Pros

Extensive System Upgrades: The property boasts significant recent upgrades including newly installed solar panels, new copper plumbing, an updated electrical panel, a tankless water heater, and a new AC unit, ensuring modern comfort and efficiency.
ADU Conversion Potential: An oversized detached two-car garage with alley access presents an excellent opportunity for an Accessory Dwelling Unit (ADU) conversion, adding significant value and potential rental income.
Remodeled Gourmet Kitchen: The home features a newly remodeled gourmet kitchen with granite countertops, custom cabinetry, and a high-end Wolf stove, appealing to home chefs and enhancing the property's modern appeal.
Desirable Corner Lot & Outdoor Space: Situated on a desirable corner lot with a gated front yard, two separate outdoor spaces, and a large cemented area, offering versatile options for entertaining, relaxation, and privacy.
Energy Efficiency: Newly installed solar panels contribute to lower utility costs, making the home more environmentally friendly and economically attractive for long-term ownership.

Cons

Previous Market Challenges: The listing indicates 'BACK ON THE MARKET!!! PRICED TO SELL!!! SELLER OFFERING CONCESSIONS!!!', which may suggest previous difficulties in selling, potentially due to pricing, inspection issues, or buyer concerns.
Age of Original Structure: Despite extensive updates, the home was originally built in 1948, meaning the underlying structure is older and could potentially lead to unforeseen maintenance issues not covered by recent renovations.
Proximity to Noise Sources: While offering convenient access to the 405 and 101 freeways and Van Nuys Airport, this proximity could result in increased noise pollution from traffic and aircraft, impacting residential tranquility.

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