7444 Ostrom Ave Van Nuys, CA 91406
Lake Balboa Neighborhood
3
Beds
1
Bath
1,100
Sq Ft
6,251
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- Back and Front Yard
- 1 Car Attached Garage
- Central Heating and Cooling System
- 1-Story Property
About This Home
As of November 2024Great Starter Home with Massive Upside! Discover the potential of this exceptional investment property nestled in the heart of Van Nuys, near beautiful Balboa Lake. This unique opportunity is perfect for homeowners or investors eager to capitalize on prime real estate in a highly desirable area. Plus, an additional bedroom and bath (not officially permitted) provide extra space for value-adding improvements and your imagination! This charming single-story home offers ample room for enhancements. Ideally situated in a vibrant Van Nuys community known for its blend of convenience and charm, residents will appreciate the close proximity to Balboa Lake, as well as a variety of amenities, including shopping centers, dining options, and recreational facilities. The location also provides easy access to major transportation routes, making commutes and travel a breeze. Whether you're looking for your next home or investment, don't miss out on this fantastic opportunity in Van Nuys, CA. Schedule a viewing today and discover the endless possibilities!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,740
Year Built
- Built in 1950
Lot Details
- 6,251 Sq Ft Lot
- Back and Front Yard
- Property is zoned LAR1
Parking
- 1 Car Attached Garage
- Parking Available
- Single Garage Door
Interior Spaces
- 1,100 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Location
- Urban Location
Utilities
- Central Heating and Cooling System
- Sewer Assessments
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 28
- Tax Tract Number 16021
- Assessor Parcel Number 2203020008
- $254 per year additional tax assessments
- Seller Considering Concessions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 17, 2024
Closed on
Oct 30, 2024
Sold by
Five Freedoms Inc
Bought by
Charmagne Landbreedlove Pokeno
Seller's Agent
Troy Mire
Troy Mire, Broker
Buyer's Agent
Troy Mire
Troy Mire, Broker
List Price
$779,000
Sold Price
$680,000
Premium/Discount to List
-$99,000
-12.71%
Views
47
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
102.03%
Purchase Details
Closed on
Jun 16, 2022
Sold by
Charmagne Landbreedlove Pokeno
Bought by
Five Freedoms Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
5.78%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 16, 2020
Sold by
Landbreedlove Pokeno Charmagne
Bought by
Landbreedlove Pokeno Charmagne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 30, 2017
Sold by
Lambert Renee
Bought by
Landbreedlove Pokeno Champagne
Purchase Details
Closed on
Jan 24, 2000
Sold by
Danesh Mahin Z
Bought by
Lambert Rene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,900
Interest Rate
8.16%
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | First American Title | |
| Grant Deed | $168,500 | Usa National Title | |
| Grant Deed | $170,000 | Equity Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $537,000 | New Conventional | |
| Previous Owner | $435,000 | New Conventional | |
| Previous Owner | $255,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $200,000 | Construction | |
| Previous Owner | $150,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $435,551 | Credit Line Revolving | |
| Previous Owner | $387,200 | Negative Amortization | |
| Previous Owner | $33,258 | Credit Line Revolving | |
| Previous Owner | $400,000 | Stand Alone First | |
| Previous Owner | $52,000 | Credit Line Revolving | |
| Previous Owner | $20,000 | Credit Line Revolving | |
| Previous Owner | $275,250 | Stand Alone First | |
| Previous Owner | $40,000 | Credit Line Revolving | |
| Previous Owner | $208,593 | Stand Alone First | |
| Previous Owner | $35,000 | Credit Line Revolving | |
| Previous Owner | $164,900 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Price Changed | $1,039,000 | -2.8% | $672 / Sq Ft |
| 05/30/2025 05/30/25 | For Sale | $1,069,000 | +57.2% | $691 / Sq Ft |
| 11/21/2024 11/21/24 | Sold | $680,000 | -9.3% | $618 / Sq Ft |
| 10/30/2024 10/30/24 | Pending | -- | -- | -- |
| 10/15/2024 10/15/24 | Price Changed | $750,000 | -3.7% | $682 / Sq Ft |
| 09/18/2024 09/18/24 | For Sale | $779,000 | +14.6% | $708 / Sq Ft |
| 09/10/2024 09/10/24 | Off Market | $680,000 | -- | -- |
| 09/10/2024 09/10/24 | For Sale | $779,000 | +14.6% | $708 / Sq Ft |
| 08/27/2024 08/27/24 | Off Market | $680,000 | -- | -- |
| 08/27/2024 08/27/24 | For Sale | $779,000 | +14.6% | $708 / Sq Ft |
| 08/22/2024 08/22/24 | Off Market | $680,000 | -- | -- |
| 07/17/2024 07/17/24 | For Sale | $779,000 | -- | $708 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,740 | $790,704 | $520,200 | $270,504 |
| 2023 | $9,551 | $775,200 | $510,000 | $265,200 |
| 2022 | $6,184 | $509,293 | $305,576 | $203,717 |
| 2021 | $6,108 | $499,308 | $299,585 | $199,723 |
| 2020 | $6,168 | $494,190 | $296,514 | $197,676 |
| 2019 | $5,927 | $484,500 | $290,700 | $193,800 |
| 2018 | $5,831 | $475,000 | $285,000 | $190,000 |
| 2016 | $2,760 | $220,703 | $155,016 | $65,687 |
| 2015 | $2,721 | $217,389 | $152,688 | $64,701 |
| 2014 | $2,738 | $213,132 | $149,698 | $63,434 |
Source: Public Records
Agents Affiliated with this Home
-
Harry Sourenian
Seller's Agent in 2025
Harry Sourenian
Forbes Real Estate
(323) 333-2721
8 Total Sales
-
Troy Mire
Seller's Agent in 2024
Troy Mire
Troy Mire, Broker
(562) 244-7963
1 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24143498
APN: 2203-020-008
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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