14914 Sylvan Street, Van Nuys, California 91411, Van Nuys, 91411 - 4 bed, 3 bath
ACTIVE$1,250,000
14914 Sylvan Street, Van Nuys, California 91411
4Beds
3Baths
2,606Sqft
8,777Lot
Year Built
1954
Close
-
List price
$1.25M
Original List price
$1.3M
Price/Sqft
$480
HOA
-
Days on market
-
Sold On
-
MLS number
SR25130042
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.25M(50th), sqft - 2606(50th), beds - 4(50th), baths - 3(50th).
Price History
Date
Event
Price
09/04/25
Price Change
$1,250,000
06/11/25
Listing
$1,300,000
Condition Rating
Poor
Built in 1954, this 70-year-old triplex shows clear signs of significant deferred maintenance and outdated systems. The exterior images reveal a boarded-up window and a window air conditioning unit, indicating immediate repair needs and likely a lack of central cooling. The property analysis explicitly mentions 'outdated systems' and 'potential for high operating costs.' Without interior photos, especially of the kitchen and bathrooms, it's highly probable these areas are also severely outdated and require substantial renovation to be functional and appealing by current standards.
Pros & Cons
Pros
Income-Generating Property: As a Triplex, this property offers immediate income potential from multiple rental units, making it an attractive investment opportunity.
Generous Lot Size: The substantial 8,777 sqft lot provides ample outdoor space, potential for additional parking, or future expansion possibilities.
Spacious Living Area: With 2,606 sqft, the property offers considerable living space across its units, which can appeal to a wider range of tenants and potentially command higher rents.
Recent Price Reduction: A recent price adjustment from $1,300,000 to $1,250,000 indicates seller motivation and presents a more competitive entry point for potential buyers.
Central Van Nuys Location: Situated in Van Nuys, the property benefits from a central San Fernando Valley location, offering convenient access to major transportation routes, amenities, and employment centers.
Cons
Property Age: Built in 1954, the property is 70 years old, which may imply outdated systems (plumbing, electrical), potential for deferred maintenance, and higher renovation costs to meet modern standards.
Lack of View: The property explicitly states 'None' for views, which can detract from its aesthetic appeal and potentially limit its market value compared to properties with desirable vistas.
Potential for High Operating Costs: As an older triplex, the property may incur higher ongoing maintenance, repair, and utility costs compared to newer constructions or single-family homes, impacting net operating income.