RealKey
‪(213) 433-7766‬

5940 Cedros Avenue, Van Nuys, California 91411, Van Nuys, 91411 - 2 bed, 1 bath

5940 Cedros Avenue, Van Nuys, California 91411 home-pic-0
ACTIVE$899,900
5940 Cedros Avenue, Van Nuys, California 91411
2Beds
1Bath
785Sqft
6,897Lot
Year Built
1943
Close
-
List price
$900K
Original List price
$999K
Price/Sqft
$1,146
HOA
-
Days on market
-
Sold On
-
MLS number
SR25113526
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $899.9K(26th), sqft - 785(6th), beds - 2(20th), baths - 1(14th).

Don't miss this incredible investment opportunity! This charming single-story home sits on a spacious lot and is ZONED RD2, offering potential for future development or expansion. Whether you're looking for a property to customize or a lot with added value, this home has it all! Some of the standout features include a long driveway perfect for accommodating multiple vehicles, RVs, or recreational toys along with a comfortable living room, a dining area conveniently located off the kitchen, and a dedicated laundry area. The detached 2-car garage adds even more flexibility and storage space. Situated in a desirable area with close proximity to popular restaurants, shopping centers, and easy freeway access, this home combines convenience with opportunity. Come see the possibilities for yourself and schedule your tour today!

Price History

Date
Event
Price
09/19/25
Price Change
$899,900
05/21/25
Listing
$999,000
Condition Rating
Poor
The property was built in 1943, making it 81 years old. The kitchen features very dated white cabinets, laminate countertops, older white appliances (refrigerator, gas range), and worn tile flooring, suggesting it was last renovated 30-50 years ago or even earlier. There is no central HVAC, relying on a wall heater and a window AC unit, which is inefficient and uncomfortable by modern standards. The hardwood floors show significant wear, and light fixtures are basic and outdated. While the property appears functional, it requires substantial rehabilitation and modernization, particularly in the kitchen and for the heating/cooling systems, to meet contemporary living standards. The description's emphasis on 'potential for future development or expansion' and 'property to customize' further indicates that the existing structure is in need of major updates.
Pros & Cons

Pros

Development Potential: The property is ZONED RD2, offering significant potential for future development, expansion, or adding additional units, making it an attractive investment.
Spacious Lot: Sitting on a generous 6897 sqft lot, there is ample outdoor space for various uses, including potential expansion or landscaping.
Ample Parking & Storage: A long driveway provides extensive parking for multiple vehicles, RVs, or recreational toys, complemented by a detached 2-car garage for additional storage or utility.
Desirable Location: The home is situated in a desirable area with convenient access to popular restaurants, shopping centers, and major freeways, enhancing its appeal for residents.
Investment Opportunity: Explicitly marketed as an 'incredible investment opportunity,' appealing to buyers looking for properties with significant upside potential through customization or redevelopment.

Cons

Age of Property: Built in 1943, the home is older, which may suggest outdated systems, potential for deferred maintenance, and a need for significant modernization to meet contemporary standards.
Small Interior Square Footage: With only 785 sqft, the interior living space is relatively small for a single-family residence, which might limit its appeal to larger families or those desiring more spacious accommodations.
Required Renovation/Customization: The description highlights the opportunity to 'customize' and 'add value,' implying the property likely requires substantial renovation or upgrades to maximize its potential and appeal.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state