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Tracy Thrower Conyers

team@homesforsalebeachcities.com +1(424) 229-1634

$1,350,000

Est. payment - /mo

4 Beds

3 Baths

2,132 SqFt

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UPDATED:

12/05/2024 03:45 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,132 sqft

Price per Sqft $633

Subdivision Midvale Estates

MLS Listing ID 24466527

Bedrooms 4

Full Baths 3

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1948

Lot Size 0.258 Acres

Lot Dimensions Assessor

Property Description

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!

Location

State CA

County Los Angeles

Zoning LARE11

Interior

Interior Features Breakfast Bar, Separate/Formal Dining Room, Eat-in Kitchen

Heating Central, Natural Gas

Cooling Central Air

Flooring Laminate

Fireplaces Type Living Room

Furnishings Unfurnished

Fireplace Yes

Appliance Dishwasher, Disposal

Laundry Inside

Exterior

Parking Features Attached Carport, Covered, Door-Multi, Driveway, Garage, Guest, Gated

Garage Spaces 5.0

Carport Spaces 1

Garage Description 5.0

View Y/N No

View None

Porch Covered

Attached Garage Yes

Total Parking Spaces 6

Building

Faces West

Story 2

Entry Level Two

Architectural Style Traditional

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 2234017033

Financing Cash

Special Listing Condition Standard

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Listed by Cesar Leyva • Avenue Homes

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Tracy Thrower Conyers

+1(424) 229-1634

Broker Associate, JD | License ID: 01712960

Broker Associate, JD License ID: 01712960

6648 Peach AVE Van Nuys, CA 91406

Tracy Thrower Conyers

Key Details

Location

Interior

Exterior

Building

Others