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7642 Wish Avenue, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 1 bath

7642 Wish Avenue, Van Nuys, California 91406 home-pic-0
ACTIVE$875,000
7642 Wish Avenue, Van Nuys, California 91406
3Beds
1Bath
1,073Sqft
7,962Lot
Year Built
1950
Close
-
List price
$875K
Original List price
$935K
Price/Sqft
$815
HOA
-
Days on market
-
Sold On
-
MLS number
SW25166580
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $875.0K(45th), sqft - 1073(7th), beds - 3(50th), baths - 1(23th).

Located on a charming tree-lined street in the highly sought-after Lake Balboa neighborhood, this 3-bedroom, 1-bath home offers an incredible opportunity with plans for a 2-bedroom, 2-bath ADU. Inside, you'll find original hardwood floors, dual-pane windows, central HVAC, and an indoor laundry room. A large, enclosed rear patio adds extra versatile space to spread out and entertain. The spacious backyard features a detached two-car garage, ready for conversion into a 750 sq ft ADU. Ideal for multi-generational living or rental income. There’s also a mature lemon tree, plenty of room to add a pool, and endless possibilities for outdoor entertaining. Conveniently located near the 101 & 405 freeways, with easy access to dining, shopping, schools, parks, and public transit. Don’t miss this rare opportunity to customize and add value in one of the Valley’s most desirable communities!

Nearby schools

7/10
Stagg Street Elementary School
Public,•K-5•0.2mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.6mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.6mi
6/10
Lorne Street Elementary School
Public,•K-5•0.6mi
3/10
Gault Street Elementary School
Public,•K-5•0.7mi
3/10
Gault Street Elementary School
Public,•K-5•0.8mi
6/10
Lemay Street Elementary School
Public,•K-5•1.2mi
5/10
Cantara Street Elementary School
Public,•K-5•1.2mi
5/10
Lemay Street Elementary School
Public,•K-5•1.3mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.3mi
3/10
Bassett Street Elementary School
Public,•PK-5•2.0mi
4/10
Bassett Street Elementary School
Public,•K-5•2.0mi
4/10
Sylvan Park Elementary School
Public,•K-5•3.1mi
9/10
Kester Avenue Elementary School
Public,•K-5•4.0mi
3/10
William Mulholland Middle School
Public,•6-8•1.1mi
5/10
William Mulholland Middle School
Public,•6-8•1.4mi
3/10
Northridge Middle School
Public,•6-8•1.5mi
2/10
Van Nuys Middle School
Public,•6-8•4.2mi
4/10
Reseda Senior High School
Public,•9-12•1.9mi
7/10
Northridge Academy High
Public,•9-12•2.6mi
6/10
Van Nuys Senior High School
Public,•9-12•3.2mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.5mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.5mi

Price History

Date
Event
Price
08/08/25
Price Change
$875,000-6.4%
07/24/25
$935,000
Condition Rating
Fair
Built in 1950, this home is aged but appears well-maintained with functional major systems like central HVAC and dual-pane windows. However, the kitchen and bathroom are significantly outdated in style, fixtures, and finishes (e.g., 1950s/70s-era cabinets, countertops, flooring, and bathroom vanity/tiles). The description itself highlights an 'opportunity to customize and add value,' indicating that substantial cosmetic updates are needed to meet modern standards, particularly in these key areas. The original hardwood floors show wear, and popcorn ceilings are present. While livable, it requires more than minor updates to appeal to contemporary tastes, placing it firmly in the 'Fair' category.
Pros & Cons

Pros

Significant ADU Potential: Pre-approved plans for a 2-bed/2-bath ADU and a detached garage ready for conversion offer substantial income potential or multi-generational living options.
Prime Lake Balboa Location: Situated on a charming tree-lined street in the highly sought-after Lake Balboa neighborhood, known for its desirability and community appeal.
Key Modern Upgrades: Features like dual-pane windows, central HVAC, and an indoor laundry room provide comfort and efficiency, enhancing the home's livability.
Expansive & Versatile Outdoor Space: A spacious 7,962 sq ft lot with room for a pool and an enclosed rear patio offers extensive possibilities for entertaining and customization.
Excellent Freeway Access & Amenities: Proximity to the 101 & 405 freeways ensures convenient commuting, with easy access to local dining, shopping, schools, and public transit.

Cons

Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may not meet the needs of larger families or modern buyer expectations.
Modest Interior Square Footage: At 1,073 sq ft, the main house is relatively compact for a 3-bedroom layout, potentially limiting living space.
Recent Price Reduction: A recent price drop from $935,000 to $875,000 could suggest initial overpricing or a need to attract more buyer interest, potentially raising questions about market value.

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