15331 Lemay ST Van Nuys, CA 91406
5 Beds
5 Baths
2,683 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,683 sqft
Price per Sqft $531
MLS Listing ID DW26210804
Bedrooms 5
Full Baths 4
Three Quarter Bath 1
Construction Status Turnkey
HOA Y/N No
Year Built 1942
Lot Size 6,756 Sqft
Property Sub-Type Single Family Residence
Property Description
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.**
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning R1-1-RIO
Rooms
Other Rooms Guest House Detached, Two On A Lot
Main Level Bedrooms 5
Interior
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)
Heating Central, Ductless, ENERGY STAR Qualified Equipment, High Efficiency, Heat Pump
Cooling Central Air, Ductless, Electric, ENERGY STAR Qualified Equipment, High Efficiency, Heat Pump
Flooring Vinyl
Fireplaces Type None
Inclusions Appliances (Refrigerators, Stoves, Dishwashers, Microwave, Washers & Dryers)
Fireplace No
Appliance Electric Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan, Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Inside, Stacked
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Driveway, Uncovered
Fence New Condition, Privacy, Wood
Pool None
Community Features Foothills, Hiking, Near National Forest, Park
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Asphalt,Membrane
Accessibility No Stairs, Accessible Doors, Accessible Entrance, Accessible Hallway(s)
Porch Concrete, Front Porch, Open, Patio, Porch, See Remarks
Total Parking Spaces 3
Private Pool No
Building
Lot Description 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
Dwelling Type House
Faces South
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Architectural Style Contemporary, Modern
Level or Stories One
Additional Building Guest House Detached, Two On A Lot
New Construction No
Construction Status Turnkey
Schools
Elementary Schools Columbus
Middle Schools Fulton
High Schools Van Nuys
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2234021049
Acceptable Financing Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac, VA Loan
Green/Energy Cert Solar
Listing Terms Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac, VA Loan
Special Listing Condition Standard
