7927 Paso Robles Avenue, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 1 bath
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Van Nuys, California 91406
This property presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned slightly above the $937,551 Fair Market Value. While the current Condition Rating of 6 reflects its 1947 origins, the massive 14,099 SqFt lot offers significant Massive Development Potential for ADUs or custom redevelopment. Proximity to the highly-rated Stagg Street Elementary School adds long-term stability to this asset. This is a strategic acquisition for Buy-and-Hold Investors or Developers looking to maximize land utility in a high-demand Lake Balboa location.
Property is land value only, full reconstruction required.
Built in 1947 (77 years old) with no mentioned renovations, the listing is explicitly marketed to investors as 'Land! Land! Land!' focusing on the 14,094 SqFt lot and development potential rather than the structure's condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14099, living area = 1242.
Elementary School: Kester Avenue Elementary School (9/10).
The property sits on an expansive 14,094 SqFt lot, offering a rare opportunity for investors to leverage AB 1033 for multiple ADUs or a large-scale custom redevelopment in a high-demand area.
Marketed as an 'As-Is' investor opportunity, the 1947 structure likely requires substantial repairs or a complete teardown to realize the land's full market value.
The current 2-bedroom, 1-bathroom configuration is undersized for the price point and lot size, necessitating immediate expansion to be functional for modern residential standards.
Calling ALL INVESTORS!! Land! Land! Land! Outstanding Lake Balboa Location. Unlimited Possibilities & Endless Opportunities All On An Enormous 14,094 SqFt Lot In A Fantastic Lake Balboa Neighborhood. Ultra Rare Chance. Fabulous As-Is Or Create Your Dream Home Here. Great Location. Close To Everything. Opportunity At Its Best. Do Not Miss. Rare Offering. Check out AB 1033 to see the endless potential of the number of homes or ADU's that can be built on this property!!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,242 | 1,521 |
| Lot Size | 14,099 | 6,602 |
| Price | $950.0K | $922.2K |
| Price per sq ft | $765 | $593 |
| Built year | 1947 | 1953 |
| HOA | $0 | $0 |
| Days on market | 36 | 54 |
Jun 16, 2026
$950,000
Initial Listing