6861 N Ranchito Avenue, Van Nuys, California 91405, Van Nuys, 91405 - 3 bed, 2 bath
ACTIVE$995,000
6861 N Ranchito Avenue, Van Nuys, California 91405
3Beds
2Baths
1,260Sqft
8,841Lot
Year Built
1951
Close
-
List price
$995K
Original List price
$1.15M
Price/Sqft
$790
HOA
-
Days on market
-
Sold On
-
MLS number
25489357
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,7 Pros. Rank: price - $995.0K(72th), sqft - 1260(19th), beds - 3(50th), baths - 2(50th).
Three bedroom, two bathroom FIXER with RTI remodel permit to add 2900 additional square footage to original footing.
Nearby schools
1/10
Andres And Maria Cardenas Elementary School
Public,•K-5•0.3mi
3/10
Andres And Maria Cardenas Elementary School
Public,•K-5•0.4mi
5/10
Hazeltine Avenue Elementary School
Public,•K-5•0.4mi
4/10
Kittridge Street Elementary School
Public,•K-5•0.5mi
3/10
Van Nuys Elementary School
Public,•K-5•0.8mi
6/10
Erwin Elementary School
Public,•K-5•1.1mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•1.4mi
4/10
Valerio Street Elementary School
Public,•K-5•1.5mi
2/10
Columbus Avenue School
Public,•K-5•1.6mi
4/10
Burton Street Elementary School
Public,•K-5•1.6mi
4/10
Sylvan Park Elementary School
Public,•K-5•1.7mi
3/10
Michelle Obama Elementary
Public,•K-5•1.9mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.3mi
4/10
Bassett Street Elementary School
Public,•K-5•2.3mi
5/10
Noble Avenue Elementary School
Public,•K-5•2.3mi
3/10
Bassett Street Elementary School
Public,•PK-5•2.3mi
4/10
Cohasset Street Elementary School
Public,•K-5•2.5mi
3/10
Cohasset Street Elementary School
Public,•K-5•2.6mi
3/10
Langdon Avenue Elementary School
Public,•K-5•3.1mi
3/10
Gault Street Elementary School
Public,•K-5•3.9mi
3/10
Gault Street Elementary School
Public,•K-5•3.9mi
7/10
Stagg Street Elementary School
Public,•K-5•4.2mi
4/10
Parthenia Street Elementary School
Public,•K-5•4.2mi
5/10
James Madison Middle School
Public,•6-8•1.1mi
2/10
Van Nuys Middle School
Public,•6-8•2.0mi
3/10
Vista Middle School
Public,•6-8•2.3mi
5/10
William Mulholland Middle School
Public,•6-8•3.9mi
3/10
William Mulholland Middle School
Public,•6-8•4.0mi
7/10
Oliver Wendell Holmes Middle School
Public,•6-8•5.0mi
3/10
Northridge Middle School
Public,•6-8•5.5mi
6/10
Van Nuys Senior High School
Public,•9-12•1.2mi
3/10
Robert Fulton College Preparatory School
Public,•6-12•1.4mi
2/10
Panorama High School
Public,•9-12•1.6mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.7mi
6/10
John H. Francis Polytechnic
Public,•9-12•2.6mi
3/10
James Monroe High School
Public,•9-12•3.7mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.9mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.9mi
7/10
Northridge Academy High
Public,•9-12•6.0mi
Condition Rating
Poor
The property, built in 1951, is explicitly described as a 'FIXER' and requires substantial repairs and rehabilitation. The images confirm a severely outdated interior, including a kitchen with old white cabinets, tiled countertops, and a basic sink, and a bathroom with a pedestal sink, old tiled shower, and basic fixtures. The flooring throughout is a mix of worn parquet and dated tiles. The light fixtures are also old. While an RTI permit exists to add significant square footage to the original footing, indicating the foundation might be salvageable, the existing structure and its components are well beyond their expected lifespan and would require a complete overhaul to meet modern standards. This condition aligns with the 'poor' rating, signifying a property that is very uncomfortable to live in its current state and needs extensive renovation.
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 = 8841, living area = 1260.
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Significant Expansion Potential: The property includes a 'Ready-To-Issue' (RTI) remodel permit to add 2900 additional square footage, offering substantial growth in living space and potential value.
Generous Lot Size: With an 8,841 sqft lot, there is ample space for the planned expansion, outdoor amenities, and potential for further development.
Investment/Value-Add Opportunity: Marketed as a 'FIXER' with pre-approved expansion plans, it presents a clear opportunity for buyers to customize, renovate, and significantly increase the property's equity.
Recent Price Reduction: The list price has been reduced from an original $1,149,000 to $995,000, indicating increased seller motivation and potentially better value for a discerning buyer.
Established Location: Located in Van Nuys, a central area within the San Fernando Valley, providing access to various amenities, schools, and transportation routes.
Cons
Extensive Renovation Required: Explicitly described as a 'FIXER,' the property will require substantial immediate renovation and upgrade costs beyond the purchase price to realize its full potential.
Potential Overpricing: The current list price of $995,000 is significantly higher than the estimated property value of $697,718, suggesting a potential overvaluation in its current 'as-is' condition.
Older Infrastructure: Built in 1951, the property likely has outdated plumbing, electrical, and other core systems that will require comprehensive updating during the remodel, adding to overall project costs.