14642 Runnymede Street, Van Nuys, California 91405, Van Nuys, 91405 - 5 bed, 2 bath

14642 Runnymede Street, Van Nuys, California 91405 home-pic-0
ACTIVE$1,348,000
14642 Runnymede Street, Van Nuys, California 91405
5Beds
2Baths
2,509Sqft
6,376Lot
Year Built
1958
Close
-
List price
$1.35M
Original List price
$1.44M
Price/Sqft
$537
HOA
-
Days on market
-
Sold On
-
MLS number
25536004
Home ConditionExcellent
Features
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $1.35M(94th), sqft - 2509(96th), beds - 5(94th), baths - 2(50th).

Welcome to the ultimate turnkey income property! This fully remodeled Home is completely move-in ready; no additional work is needed. Rent it out and start generating consistent cash flow from day one. The property includes Main House: 3 bed / 2 bath, was rented for $4,600/month, Junior ADU: 1 bed / 1 bath, was rented for $2,000/month. Detached ADU: 1 bed / 1 bath, was rented for $2,500/month. The unit offers private entrances, fenced access, separate mailboxes, and in-unit washer/dryers for added convenience. Enjoy peace of mind with brand-new HVAC systems, a newly built attic for extra storage, and a fully paid-off solar panel system valued at $40,000. Installed three separate electric meters to keep utilities organized and efficient. Located in a high-demand rental area, this low-maintenance property offers strong returns and is ideal for both long-term tenants and short-term rental strategies. Don't miss this unbeatable investment opportunity. Start building generational wealth today! Generating over $9k in monthly revenue, this beautifully remodeled property in Van Nuys offers an exceptional investment opportunity. This property perfectly balances modern living with impressive rental income potential, featuring a stylish main residence and two additional private units. The primary home at 14642 Runnymede St boasts excellent curb appeal and a completely renovated open-concept design. Recessed lighting and new flooring flow throughout, creating a bright and welcoming atmosphere. The spacious living room is filled with natural light, while the sleek, neutral-toned kitchen features ample cabinetry, generous counter space, brand-new stainless steel appliances, a stylish island, and an adjacent dining area as well as access to a beautifully landscaped backyard, ideal for hosting or relaxing. Central air and heating ensure year-round comfort with 3 bedrooms and 2 bathrooms. Adding to the property's value are 2 separate accessory dwelling units, each with its own address. The JADU at 14642 1/2 Runnymede St is a well-appointed 1-bedroom, 1-bathroom unit featuring a full kitchen with ample storage, new appliances, recessed lighting, laminate flooring, efficient heating and cooling, a private area for a washer and dryer, and a charming side yard. The full ADU at 14644 Runnymede St, positioned at the rear of the lot for added privacy, offers a spacious 1-bedroom, 1-bathroom layout with a modern kitchen, recessed lighting, and direct access to a generous private Patio.

Nearby schools

4/10
Valerio Street Elementary School
Public,K-50.5mi
5/10
Hazeltine Avenue Elementary School
Public,K-50.8mi
3/10
Andres And Maria Cardenas Elementary School
Public,K-50.9mi
1/10
Andres And Maria Cardenas Elementary School
Public,K-50.9mi
3/10
Michelle Obama Elementary
Public,K-51.0mi
4/10
Burton Street Elementary School
Public,K-51.1mi
2/10
Columbus Avenue School
Public,K-51.1mi
5/10
Noble Avenue Elementary School
Public,K-51.2mi
5/10
Ranchito Avenue Elementary School
Public,K-51.2mi
3/10
Van Nuys Elementary School
Public,K-51.3mi
4/10
Cohasset Street Elementary School
Public,K-51.4mi
3/10
Cohasset Street Elementary School
Public,K-51.5mi
4/10
Bassett Street Elementary School
Public,K-51.5mi
3/10
Bassett Street Elementary School
Public,PK-51.5mi
4/10
Sylvan Park Elementary School
Public,K-51.6mi
4/10
Kittridge Street Elementary School
Public,K-51.7mi
3/10
Langdon Avenue Elementary School
Public,K-52.0mi
6/10
Erwin Elementary School
Public,K-52.2mi
9/10
Kester Avenue Elementary School
Public,K-52.6mi
3/10
Gault Street Elementary School
Public,K-52.9mi
3/10
Gault Street Elementary School
Public,K-53.0mi
4/10
Parthenia Street Elementary School
Public,K-53.0mi
7/10
Stagg Street Elementary School
Public,K-53.1mi
3/10
Vista Middle School
Public,6-81.2mi
5/10
James Madison Middle School
Public,6-82.2mi
2/10
Van Nuys Middle School
Public,6-82.5mi
5/10
William Mulholland Middle School
Public,6-83.1mi
3/10
William Mulholland Middle School
Public,6-83.2mi
7/10
Oliver Wendell Holmes Middle School
Public,6-83.8mi
3/10
Northridge Middle School
Public,6-84.3mi
3/10
Robert Fulton College Preparatory School
Public,6-120.3mi
2/10
Panorama High School
Public,9-120.8mi
6/10
Van Nuys Senior High School
Public,9-121.1mi
3/10
James Monroe High School
Public,9-122.6mi
6/10
Ulysses S. Grant Senior High School
Public,9-122.8mi
6/10
John H. Francis Polytechnic
Public,9-123.0mi
5/10
Valley Academy Of Arts And Sciences
Public,9-124.7mi
5/10
Valley Academy Of Arts And Sciences
Public,9-124.8mi
7/10
Northridge Academy High
Public,9-124.9mi

Price History

Date
Event
Price
08/08/25
Price Change
$1,348,000-3.0%
08/03/25
$1,390,000
05/08/25
$1,439,000
Condition Rating
Excellent

Despite being built in 1958, the property has undergone a comprehensive and recent 'fully remodeled' and 'completely renovated' transformation, as stated in the description and evidenced by the images. Key updates include brand-new HVAC systems, new flooring (light wood-look laminate/LVP throughout), recessed lighting, and modern kitchens with new stainless steel appliances, stylish islands, and ample cabinetry. The bathrooms feature contemporary vanities, hexagon tile flooring, and updated fixtures. The property is described as 'turnkey' and 'move-in ready with no additional work needed,' aligning perfectly with the 'Excellent' criteria of having all components new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

High Income Potential & Multi-Unit Configuration: The property is marketed as a 'turnkey income property' with a main house, JADU, and detached ADU, collectively generating over $9,000 in monthly revenue, offering diverse rental strategies and strong cash flow.
Extensive Remodel & Turnkey Condition: Described as 'fully remodeled' and 'completely move-in ready,' the property requires no additional work, minimizing immediate capital expenditure for a new owner.
Significant Energy Efficiency Upgrades: Features a 'fully paid-off solar panel system valued at $40,000' and 'brand-new HVAC systems,' promising lower utility costs and enhanced appeal for tenants and owners.
Optimized for Rental Management: Each unit offers 'private entrances, fenced access, separate mailboxes, and in-unit washer/dryers,' along with 'three separate electric meters,' simplifying tenant management and utility billing.
Strong Market Positioning: Located in a 'high-demand rental area' and characterized as 'low-maintenance,' indicating a stable investment with strong returns for both long-term and short-term rental strategies.

Cons

Recent Price Reduction: The property has undergone a significant price reduction from its original list price of $1.439M to $1.348M, which may suggest an initial overvaluation or a need to attract more buyer interest.
Age of Original Construction: Despite extensive remodeling, the main structure was built in 1958, which could imply potential for underlying older infrastructure issues not covered by cosmetic upgrades, or higher long-term maintenance for non-renovated components.
Lack of Premium Features/Views: The property description does not highlight any premium amenities such as a pool or expansive private outdoor space beyond a landscaped backyard and private patio, and explicitly states 'view: None,' potentially limiting appeal to certain buyer segments seeking luxury features.

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