This inviting 2-bedroom, 1-bathroom home in Lake Balboa offers exceptional potential for growth and development. Situated on a spacious lot, the property comes with, approved city plans for additional 1,639 sqft. Addition to the main residence 1bed 1bath so it will be 3bed/2bath, as well as the addition of both an ADU and Junior ADU all in total of 2,487 sqft. These plans provide a tremendous opportunity for additional living space, rental income, or extended family living. With ample room to expand and a prime location, this property offers a solid foundation for creating a custom home while capitalizing on its future potential. Perfect for investors, first-time buyers, or those seeking a strategic investment in Van Nuys. Close to Lake Balboa/Anthony Beilenson Park. Very motivated seller, don’t miss this rare opportunity! Please check the plans under supplements.
Bedrooms
2
Bathrooms
1
Square Feet
848
Lot Size
7,198 sqft
Year Built
1948
Property Type
Single Family Residence
Days on Market
1
HOA Fee
N/A
Garage Total
2
MLS #
GD26149817
Interior Features
Separate Formal Dining Room, Eat In Kitchen, Open Floorplan, Quartz Counters, Recessed Lighting, Storage, All Bedrooms Down, Bedroom On Main Level
Flooring
Carpet, Tile
Appliances
Dishwasher, Free Standing Range, Disposal, Gas Range, Refrigerator, Dryer, Washer
Laundry
Gas Dryer Hookup
Main Level Bedrooms
2
Main Level Bathrooms
1
Cooling
Central Air, Gas
Heating
Central, Natural Gas
Total Parking Spaces
2
Garage Spaces
2
Parking Features
Driveway, On Site, Off Street
Roof
Shingle
Lot Features
Zero To One Unit Acre
Sewer
Public Sewer
Water Source
Public
Street Lights
$0
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Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features
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