15331 Lemay Street, Van Nuys, CA 91406
- $1,425,000
- 5
- BD
- 5
- BA
- 2,683
- SqFt
- List Price
- $1,425,000
- Status
- ACTIVE
- MLS#
- DW26210804
- Year Built
- 1942
- Bedrooms
- 5
- Bathrooms
- 5
- Living Sq. Ft
- 2,683
- Lot Size
- 6,756
- Acres
- 0.16
- Lot Location
- 0-1 Unit/Acre, Back Yard, Drip Irrigation/Bubblers, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Near Park, Rectangular Lot, Sprinklers Timer, Sprinkler System, Street Level, Yard
- Days on Market
- 6
- Property Type
- Single Family Residential
- Style
- Contemporary, Modern
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
** NEW SFH + ADU INCOME PROPERTY, OWNER OCCUPY OR HOUSE HACK // $100.8K ANNUAL RENTAL INCOME ** Incredible opportunity to own a fully stabilized, turnkey income property in one of the strongest rental markets in the Valley, or explore endless possibilities for owner occupancy, multi-generational living, house-hacking and more. Property features a fully renovated primary home + newly constructed detached ADU (both completed in 2024) currently generating $8,400 a month ($5,200 main house + $3,200 ADU) / $100,800 a year in gross rental income. The 1,796 sf main house boasts 3 spacious bedrooms and 3 bathrooms, plus a BONUS/FLEX room and DEN that may potentially be converted into additional bedrooms, a "Next Gen Suite" or Jr. ADU (buyer to verify all options), offering tremendous flexibility for a variety of living arrangements. Other impressive features include an open floor plan, great room with vaulted ceilings and skylights, a primary ensuite bath with oversized dual walk-in shower, and a generously-sized, fully landscaped backyard. Behind the main house is an 887 sf detached ADU with 2 large bedrooms and 2 bathrooms, its own private entrance and outdoor space, separate address and electrical meter. Both units feature premium finishes such as natural oak cabinets, quartz countertops, designer tile and in-unit laundry to command top rents. All-new electrical, plumbing, HVAC, appliances and owned solar panels minimize ownership/operating costs and provide peace of mind for years to come. Superb location in a coveted, Midvale Estates adjacent pocket of Van Nuys with easy and convenient access to the 405 and 101 freeways and all the shops and restaurants along the Sepulveda Boulevard corridor. Fishing, kayaking, golfing, miles of scenic paths and a slew of other outdoor activities at Lake Balboa and the Sepulveda Basin Recreation Area are all just minutes away. Both units leased to the same tenant and currently occupied. Leases expire 12/15/26 and tenant has expressed interest in renewing. Property can also be delivered vacant and/or furnished. **Please do not disturb occupants or walk property – drive-by only.**
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Additional Information
- Other Buildings
- Guest House Detached, Two On A Lot
- Appliances
- Electric Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan, Dryer, Washer
- Pool Description
- None
- Heat
- Central, Ductless, ENERGY STAR Qualified Equipment, High Efficiency, Heat Pump
- Cooling
- Yes
- Cooling Description
- Central Air, Ductless, Electric, ENERGY STAR Qualified Equipment, High Efficiency, Heat Pump
- View
- None
- Exterior Construction
- Drywall, Fiber Cement, Glass, Concrete, Stucco, Vertical Siding, Copper Plumbing
- Patio
- Concrete, Front Porch, Open, Patio, Porch, See Remarks
- Roof
- Asphalt, Membrane
- Sewer
- Public Sewer
- School District
- Los Angeles Unified
- Elementary School
- Columbus
- Middle School
- Fulton
- High School
- Van Nuys
- Interior Features
- Wet Bar, Breakfast Bar, Cathedral Ceiling(s), High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting, All Bedrooms Down, Bedroom on Main Level, Entrance Foyer, Main Level Primary, Primary Suite, Walk-In Closet(s)
- Attached Structure
- Detached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Randy Hui (randy@reirandy.com) from Listing Office: Realty One Group United.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.