| 15157 Covello Street Van Nuys CA 91405 | |
| Price | $ 659,000 |
| Listing ID | SR25274636 |
| Status | Active |
| Property Type | Single Family Residence |
| County | Los Angeles |
| Beds | 2 |
| Baths | 1 |
| House Size | 811 |
| Year Built | 1949 |
| Days on website | 3 |
Description
Prime opportunity for investors and developers on this 7,774 sq ft corner lot with two driveways and excellent access. The property offers multiple development paths, including SB 9 Two-Unit Development, a potential Urban Lot Split, or a full ground-up rebuild of two new homes. Corner lots rarely offer this level of design flexibility and efficiency. For value-add buyers, the existing main house also provides strong potential: fix and update the home, convert the detached 2-car garage into an ADU, and/or add an additional detached ADU (if not pursuing SB 9). This creates several viable exit strategies, from rental income to resale of multiple units. A versatile development site in a central Van Nuys location near major freeways, retail, and employment centers. Bring your vision and maximize the potential of this unique parcel.
Financial Information
List Price: $ 659000
Property Features
Accessibility Features: Parking
Community Features: Suburban
Construction Materials: Glass, Stone, Stucco
Electric: Standard
Fencing: Block
Flooring: Tile
High School District: Los Angeles Unified
Interior Features: Storage
Laundry Features: Inside
Levels: One
Lot Features: Level, Yard
Parking Features: Driveway, Garage, Gated, Oversized
Patio And Porch Features: Porch
Property Condition: Fixer
Road Surface Type: Paved
Roof: Shingle
Senior Community YN: false
Structure Type: House
View: Neighborhood
Water Source: Public
High School District: Los Angeles Unified
Senior Community YN: false
MLS Area Major: VN - Van Nuys
City: Van Nuys
Listed By:
Luke Smith
Real Brokerage Technologies, Inc.
Co-listed by Shaun Finn
CA Lic#
Co-listed by Shaun Finn
CA Lic#
