6038 Allott Avenue, Van Nuys, California 91401, Van Nuys, 91401 - 4 bed, 4 bath

6038 Allott Avenue, Van Nuys, California 91401 home-pic-0
ACTIVE$1,100,000
6038 Allott Avenue, Van Nuys, California 91401
4Beds
4Baths
2,070Sqft
7,400Lot
Year Built
1949
Close
-
List price
$1.1M
Original List price
$1.59M
Price/Sqft
$531
HOA
-
Days on market
-
Sold On
-
MLS number
FR24152887
Home ConditionFair
Features
Good View: Trees/Woods
Deck
Patio
ViewTrees/Woods

About this home

Possibly Over-Priced:The estimated price is 42% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.10M(29th), sqft - 2070(56th), beds - 4(60th), baths - 4(77th).

3 bedroom, 3 bathroom home square footage of 2,070 sqft. Large front yard and back yard. 7,400 sq ft FLAT LOT New ROOF, Bathrooms need remodeling, HVAC , Nest , can put Adu, large living room and den open space : Cash offers on hand excepting offers :

Condition Rating
Fair

The property was built in 1949, making it over 70 years old. While it benefits from a new roof and updated HVAC with a Nest thermostat, the listing explicitly states that the 'Bathrooms need remodeling.' This indicates a significant immediate renovation requirement in a key area. Without interior photos, especially of the kitchen, it's difficult to assess its condition, but given the age and the stated need for bathroom remodels, it's likely outdated. The exterior appears maintained but not recently updated. Therefore, it falls into the 'Fair' category, requiring minor to substantial updates in key areas to meet current standards, but major systems are functional.
Pros & Cons

Pros

Generous Lot Size: The property boasts a substantial 7,400 sq ft flat lot, offering ample outdoor space and potential for landscaping or expansion.
ADU Development Potential: The listing explicitly states the possibility to add an Accessory Dwelling Unit (ADU), which can significantly enhance property value and provide rental income opportunities.
Recent Roof Replacement: A new roof has been installed, representing a significant capital improvement and reducing immediate maintenance concerns for a prospective buyer.
Spacious Interior Layout: With 2,070 sqft, the home features a large living room and den with an open space concept, providing generous and flexible living areas.
Modern Climate Control: The presence of HVAC and a Nest thermostat indicates modern and efficient climate control systems are in place.

Cons

Outdated Bathrooms: The bathrooms are noted as needing remodeling, which will require an immediate investment from the buyer to update and modernize.
Significant Price Discrepancy: The current listing price of $1.1M is substantially higher than the property's estimated value of $627k (estimation ratio -42), suggesting it may be overpriced relative to market analysis.
Preference for Cash Offers: The seller's preference for 'Cash offers' may limit the potential buyer pool and could imply underlying conditions that might complicate traditional financing.

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