15760 Saticoy Street, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 3 bath

15760 Saticoy Street, Van Nuys, California 91406 home-pic-0
ACTIVE$999,000
15760 Saticoy Street, Van Nuys, California 91406
3Beds
3Baths
1,548Sqft
7,200Lot
Year Built
1954
Close
-
List price
$999K
Original List price
$1.05M
Price/Sqft
$645
HOA
-
Days on market
-
Sold On
-
MLS number
25523063
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,6 Pros. Rank: price - $999.0K(71th), sqft - 1548(54th), beds - 3(50th), baths - 3(77th).

Nestled in the desirable Lake Balboa neighborhood, this beautifully reimagined home offers a perfect blend of modern style and outdoor living. You enter through a large front yard, leading to a hallway that opens up to the spacious living and dining area. The light-filled space flows seamlessly into the expansive backyard, creating an ideal environment for both relaxation and entertaining. The sleek kitchen, featuring custom cabinetry and stainless steel appliances, combines style with practicality. While four rooms are being used as bedrooms, please note that one doesn't have a closet and another doesn't have an enclosed closet. The secondary structure, complete with its own bedroom, bathroom, and kitchenette, offers incredible flexibility, whether for guests, a home office, or income-producing potential. The possibilities are endless! Additionally, the seller notes that there is potential to build a two-bedroom ADU on the lot, offering even more opportunity for expansion. With its generous front and backyard, this home is perfect for outdoor activities, gardening, or hosting friends and family. Conveniently located near freeways, shopping, and dining, this home offers comfort, versatility, and an exceptional opportunity in a prime location.

Condition Rating
Excellent

Despite being built in 1954, the property is described as 'beautifully reimagined' with a 'modern style.' The kitchen features 'sleek custom cabinetry and stainless steel appliances,' indicating a recent and high-quality renovation. The secondary structure with its own bedroom, bathroom, and kitchenette also points to extensive, modern updates. These elements suggest the property has been extensively renovated within the last 5 years, bringing it to current quality standards with virtually new components.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7200, living area = 1548.
Income & Flexibility Potential: The property features a secondary structure complete with a bedroom, bathroom, and kitchenette, offering excellent versatility for guests, a home office, or potential rental income.
Future Expansion Opportunity: The generous lot provides significant potential to build an additional two-bedroom ADU, which could substantially increase the property's value and utility.
Modernized Interior & Kitchen: The home has been 'beautifully reimagined' with a modern style, including a sleek kitchen featuring custom cabinetry and stainless steel appliances.
Expansive Outdoor Living Space: Generous front and backyards create an ideal environment for outdoor activities, gardening, relaxation, and entertaining.
Prime Lake Balboa Location: Nestled in the desirable Lake Balboa neighborhood, the home offers convenient access to major freeways, shopping, and dining.

Cons

Significant Valuation Discrepancy: The current list price of $999,000 is substantially higher than the estimated property value of $591,734, indicating a potential overvaluation that may impact market appeal.
Non-Conforming Bedroom Layout: Two of the four rooms currently used as bedrooms lack proper closets (one no closet, one no enclosed closet), which could affect their legal classification and practical functionality.
Age of Core Structure: Built in 1954, the property's underlying age, despite being 'reimagined,' may imply potential for unseen maintenance or system updates beyond cosmetic improvements.

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