$1,300,000
SOLD FEB 21, 2025 RENTED JUL 23, 2025
4 Beds
3 Baths
2,132 Sq Ft
0.26 Acres

Recently Sold

$610 Per Sq Ft

4% Below List Price

64 Days on Market

Highlights

  • Gated Parking
  • Room in yard for a pool
  • No HOA
  • Van Nuys High School Rated A
  • Traditional Architecture
  • Covered patio or porch

About This Home

As of February 2025

Exceptional Midvale Estates Home with Extensive ADU Potential. Discover the epitome of modern living and investment potential in the prestigious Midvale Estates neighborhood of Van Nuys, CA. This beautifully remodeled single-family home sits on a sprawling 11,300 sq. ft. lot and offers an unparalleled opportunity for creating generational wealth. With 4 bedrooms, 3 bathrooms, and a host of additional features, this property is perfect for families and investors alike. As you step inside, you'll be greeted by a bright and airy open concept living area, seamlessly connecting the living room, dining area, and gourmet kitchen. The kitchen is a culinary masterpiece, featuring new appliances, custom cabinetry, and an expansive eat-in bar area with quartz countertops ideal for casual meals and entertaining. The master suite is a private sanctuary with a luxurious en-suite bathroom that boasts a new vanity, a lighted vanity mirror, and a separate shower. Three additional bedrooms offer ample space for family, guests, or a home office. What sets this property apart is its incredible investment potential. The property features a RARE opportunity to build 3 separate detached ADU's using Senate Bill SB9. Save Money by converting the existing detached 3-car garage (approx.. 630 sqft.) and the detached 2-car garage (nearly 400 sqft.) with approved RTI plans for a 2-story ADU build (1st Unit). Additionally, a separate detached 2-car garage and covered carport/breezeway with plans submitted for a Junior ADU conversion (2nd Unit). At the Northeast corner of the property, architectural plans have already been submitted for a brand-new, detached 3-bedroom, 3-bathroom ADU (3rd Unit). This extensive ADU potential makes the property an ideal long-term rental hold, allowing you to maximize your rental income and instantly create generational wealth. With the flexibility to develop multiple living spaces, this property is rare in a prime location. Located in the heart of Midvale Estates, this home offers easy access to parks, top-rated schools, shopping, and dining. Midvale Estates is one of the most famous filming neighborhoods in Los Angeles because it looks like "Anywhere USA." Home to many commercial shoots, films, and TV Production. Residents in this area can benefit from renting out their homes and earn additional income. Don't miss this unique opportunity to own a property that combines luxurious living with unmatched investment potential. Schedule your private showing today!

Last Agent to Sell the Property

Cesar Leyva

Avenue Homes License #01490664 Listed on: 11/22/2024

Co-Listed By

Maria Provenzano

Avenue Homes License #01783347

Last Buyer's Agent

Gary Keshishyan

Pinnacle Estate Properties License #01276434

Pinnacle Estate Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,786

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x150
  • West Facing Home
  • Fenced Yard
  • Fenced
  • Property is zoned LARE11

Parking

  • 5 Car Garage
  • 4 Open Parking Spaces
  • 1 Attached Carport Space
  • Driveway
  • Gated Parking
  • Guest Parking

Home Design

  • Traditional Architecture
  • Stucco

Interior Spaces

  • 2,132 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Laminate Flooring
  • Security Lights
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Room in yard for a pool
  • Covered patio or porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2234-017-033

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,786

Year Built

Built in 1948 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2132
  • Lot Acreage: 0.2583
  • Lot Dimensions: 75x150
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1948
  • Builders Tract Name: Midvale Estates
  • Number Of Photos: 56
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Laminate
  • Appliances: Gas, Free Standing Gas
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Counter / Bar, Dining Area, In Kitchen, Formal Dining Rm
  • Laundry: Inside, Laundry Area
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Range/Oven, Dishwasher, Garbage Disposal, Water Line to Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 633.21
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Structures: Accessory Bldgs
  • Patio: Covered
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 5
  • Other Spaces: 4
  • Covered Parking: 6
  • Parking Garage: Driveway, Covered Parking, Carport Attached, Garage - 3 Car, Garage - 2 Car, Garage Is Detached, Gated, Parking for Guests
  • Total Parking: 6

Utilities

  • Water Heater: Gas, Water Heater Unit
  • Cooling: Central, Air Conditioning
  • Heating: Central, Natural Gas
  • Water: Public

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 2234-017-033
  • Lot Description: Exterior Security Lights, Fenced, Fenced Yard
  • Lot Size Area: 11253

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2024
Closed on
Jan 28, 2025
Sold by
Noor Foundation Trust and Marashlian Joseph J
Bought by
Gevorgyan Maria
Seller's Agent
Cesar Leyva
Avenue Homes
Buyer's Agent
Gary Keshishyan
Pinnacle Estate Properties
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%
Views
118
Current Estimated Value
$1,293,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,177
Avg. Annual Appreciation
-1.08%
Original Mortgage
$975,000
Outstanding Balance
$970,367
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$323,456

Purchase Details

Listed on
Jan 6, 2024
Closed on
Feb 28, 2024
Sold by
Marashlian Joseph
Bought by
Noor Foundation Trust and Marashlian
Seller's Agent
Raz Reichfeld
Keller Williams Realty Calabasas
Buyer's Agent
Cesar Leyva
Avenue Homes
List Price
$1,129,950
Sold Price
$1,110,000
Premium/Discount to List
-$19,950
-1.77%
Views
71

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.91%
Original Mortgage
$888,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2024
Closed on
Jan 19, 2024
Sold by
M & R Enterprises
Bought by
Marashlian Joseph
Seller's Agent
Raz Reichfeld
Keller Williams Realty Calabasas
Buyer's Agent
Cesar Leyva
Avenue Homes
List Price
$1,129,950
Sold Price
$1,110,000
Premium/Discount to List
-$19,950
-1.77%
Views
71

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$888,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2024
Closed on
Dec 21, 2023
Sold by
Schutte Clair R
Bought by
Renovate Properties Llc
Seller's Agent
Raz Reichfeld
Keller Williams Realty Calabasas
Buyer's Agent
Cesar Leyva
Avenue Homes
List Price
$1,129,950
Sold Price
$1,110,000
Premium/Discount to List
-$19,950
-1.77%
Views
71

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$888,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2023
Sold by
Renovate Properties Llc
Bought by
M & R Enterprises
Source: Public Records

Similar Homes in the area

  • 7005 Orion Ave, Van Nuys, CA 91406

    $1,299,000

    • 5 Beds
    • 3 Baths
    • 2,929 Sq Ft
    • 7005 Orion Ave
    • Van Nuys, CA

    Located in highly desirable Van Nuys neighborhood this beautiful 3 bedrooms 2 bath home with a brand new detached 2 bed 1 bath ADU is ideal for investors or traditional home buyers looking to getting addition income from the ADU to help out with the mortgage. Main home features over 2100 sqft of living space, with large living room with fireplace, formal dining room, updated kitchen and baths,

    Gary Keshishyan Pinnacle Estate Properties

    Section Image
  • 7307 Forbes Ave, Lake Balboa, CA 91406

    $1,399,000

    • 3 Beds
    • 4 Baths
    • 2,455 Sq Ft
    • 7307 Forbes Ave
    • Lake Balboa, CA

    ****THIS PROPERTY QUALIFIES FOR A SPECIAL LOAN PROGRAM UNDER 6% INTEREST!**** Welcome to this extensively remodeled modern home in the heart of Lake Balboa, offering 2,455 sq ft of stylish living space on an expansive 11,250 sq ft lot. Thoughtfully redesigned with a contemporary open-concept floor plan. The home is filled with natural light through out... all-new California Deluxe Low-E windows /

    Steve Neuman Park Regency Realty

    Section Image
  • 7444 Ostrom Ave, Van Nuys, CA 91406

    $1,039,000

    • 4 Beds
    • 3 Baths
    • 1,546 Sq Ft
    • 7444 Ostrom Ave
    • Van Nuys, CA

    Completely Remodeled Beauty in Prime Lake Balboa! Welcome to your dream home! This stunningly remodeled 4-bedroom, 3-bathroom residence is located on a beautiful, street in the highly desirable Lake Balboa neighborhood. From top to bottom, no detail has been overlooked this home is the perfect blend of modern

    Harry Sourenian Forbes Real Estate

    Section Image
  • 17406 Valerio St, van Nuys, CA 91406

    $1,399,999

    • 5 Beds
    • 3 Baths
    • 2,387 Sq Ft
    • 17406 Valerio St
    • van Nuys, CA

    Welcome to beautiful Lake Balboa! This is your chance to get into an immaculate property with all the right upgrades, a property you'll be proud to own! Be the first one to live in this great house with over 1600 sqft newly built addition, it's practically NEW CONSTRUCTION. Welcome to 17406 Valerio St - on a beautiful & walkable street in ultra-hot Lake Balboa, just north of Encino. The original

    Angel Nova Global Premier Properties, Inc.

    Section Image
  • 17532 Hamlin St, Van Nuys, CA 91406

    $969,000

    • 3 Beds
    • 1 Bath
    • 1,233 Sq Ft
    • 17532 Hamlin St
    • Van Nuys, CA

    *****THIS PROPERTY QUALIFIES FOR SPECIAL LOAN PROGRAM UNDER 6% INTEREST RATE!***** Extensively remodeled Lake Balboa pool home. Beautiful NEW open concept kitchen with eat at peninsula. Loads of solid wood white Shaker styled cabinets with soft close door and drawers. Smooth surface Quartz counter tops with matching back splash. 36 inch cast iron farm sink. NEW stainless steel appliances

    Steve Neuman Park Regency Realty

    Section Image
  • 5948 Hesperia Ave, Encino, CA 91316

    $1,325,000

    • 3 Beds
    • 2.5 Baths
    • 2,004 Sq Ft
    • 5948 Hesperia Ave
    • Encino, CA

    Set on a quiet street in a highly desirable part of Encino, this beautifully updated 3 bedroom, 2.5 bathroom home offers approximately 2,000 sq ft of stylish and comfortable living space. Featuring an open-concept layout with soaring high ceilings and gleaming hardwood floors throughout, this home is perfect for modern living and entertaining.The gourmet kitchen boasts stainless steel

    Stephanie Payab Berkshire Hathaway HomeServices California Properties

    Section Image
  • 4816 Atoll Ave, Sherman Oaks, CA 91423

    $1,449,000

    • 3 Beds
    • 2.5 Baths
    • 1,625 Sq Ft
    • 4816 Atoll Ave
    • Sherman Oaks, CA

    PRICE IMPROVEMENT!! Fresh Addition: Brand-New 1/2 Bathroom! Nestled in one of Sherman Oaks' most desirable neighborhoods, this beautiful Mellenthin home offers a combination of comfort, style, and convenience.Thoughtfully updated, this 3-bedroom, 2-bathroom residence blends modern comfort with timeless elegance. A detached garage provides sleek storage, combining both functionality and

    Amalia Khachikian Berkshire Hathaway HomeServices California Properties

    Section Image
  • 6818 Chisholm Ave, Van Nuys, CA 91406

    $1,289,000

    • 3 Beds
    • 2 Baths
    • 2,160 Sq Ft
    • 6818 Chisholm Ave
    • Van Nuys, CA

    Welcome to Chisholm Estates.This charming 3-bedroom, 1.75-bath classic residence blends timeless character with modern comforts. Step inside to discover beautifully maintained original hardwood floors that flow throughout the home. The spacious living room and cozy den each feature a wood-burning fireplace, perfect for relaxing evenings. A formal dining room offers an elegant space for

    Tim McLaughlin Sotheby's International Realty

    Section Image
  • 15017 Archwood St, Van Nuys, CA 91405

    $999,000

    • 3 Beds
    • 2 Baths
    • 1,538 Sq Ft
    • 15017 Archwood St
    • Van Nuys, CA

    Stylishly Remodeled Home on Quiet Cul-De-Sac with Owned Solar and Designer FinishesWelcome to this beautifully updated home, tucked away on a peaceful cul-de-sac and thoughtfully reimagined to combine modern elegance, smart living, and energy efficiency. From the moment you walk in, you’ll appreciate the quality craftsmanship and attention to detail throughout.The newly added

    Katrina Palandri The Agency

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,300,000 Orange Coast Title Company
Grant Deed -- Orange Coast Title Company
Grant Deed -- None Listed On Document
Grant Deed $1,110,000 First American Title
Grant Deed $760,000 First American Title
Grant Deed $950,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $975,000 New Conventional
Previous Owner $888,000 New Conventional
Previous Owner $70,300 Unknown
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Under Contract -- -- --
07/23/2025 07/23/25 For Rent $5,000 0.0% --
02/21/2025 02/21/25 Sold $1,300,000 -3.7% $610 / Sq Ft
01/25/2025 01/25/25 Pending -- -- --
11/22/2024 11/22/24 For Sale $1,350,000 +21.6% $633 / Sq Ft
01/26/2024 01/26/24 Sold $1,110,000 -1.8% $521 / Sq Ft
01/10/2024 01/10/24 Pending -- -- --
01/06/2024 01/06/24 For Sale $1,129,950 -- $530 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,786 $1,132,200 $804,984 $327,216
2024 $11,786 $950,000 $665,000 $285,000
2023 $3,057 $229,419 $82,875 $146,544
2022 $2,922 $224,921 $81,250 $143,671
2021 $2,876 $220,511 $79,657 $140,854
2019 $2,793 $213,973 $77,296 $136,677
2018 $2,678 $209,779 $75,781 $133,998
2016 $2,537 $201,636 $72,840 $128,796
2015 $2,501 $198,608 $71,746 $126,862
2014 $2,519 $194,718 $70,341 $124,377
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-466527

The MLS

APN: 2234-017-033