15331 Lemay Street Van Nuys, CA 91406
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 DW-26210804
Style Contemporary,Modern
Bedrooms 6
Full Baths 4
Three Quarter Bath 1
Year Built 1942
Lot Size 6,756 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
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, house-hacking or multi-generational living. 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.
Main house boasts 4-beds / 3-baths / 1,796 sf and a spacious open floor plan filled with natural light. A BONUS/FLEX room with its own private entrance offers potential for an additional bedroom, 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 a great room with vaulted ceilings and skylights, a primary ensuite bath with oversized dual walk-in shower, and fully landscaped backyard.
Behind the house is a detached ADU with 2-beds / 2-baths / 887 sf and generously-sized rooms. Each unit has their own private entrance, outdoor spaces, a separate address and electrical meter. Premium finishes such as natural oak cabinets, quartz countertops, designer tile and in-unit laundry help command top rents and attract long-term tenants. 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 offers easy and convenient access to the 405 and 101 freeways, as well as all the shops and restaurants along the bustling Sepulveda Boulevard corridor. Fishing, kayaking, golfing, miles of scenic paths and a host of other outdoor activities at Lake Balboa and the Sepulveda Basin Recreation Area are all just minutes away.
Both units currently occupied but can be delivered vacant or with tenant in place. Units may also be delivered furnished and turnkey mid-term rental ready. PLEASE DO NOT DISTURB OCCUPANTS OR WALK PROPERTY – DRIVE-BY ONLY. NOTE: Property address is actually 15333 Lemay St. (15331 is being used for listing purposes only).
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning R1-1-RIO
Interior
Interior Features Cathedral Ceiling(s), Copper Plumbing Full, High Ceilings, Open Floorplan, Recessed Lighting, Wet Bar, Kitchen Island, Kitchen Open to Family Room, Quartz Counters, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters
Heating Ductless, Central, ENERGY STAR Qualified Equipment, Heat Pump, High Efficiency
Cooling Central Air, Ductless, Electric, ENERGY STAR Qualified Equipment, Heat Pump, High Efficiency, SEER Rated 13-15, SEER Rated 16+
Flooring Vinyl
Fireplaces Type None
Inclusions Appliances (Refrigerators, Stoves, Dishwashers, Microwave, Washers & Dryers)
Laundry Dryer Included, Electric Dryer Hookup, Inside, Stackable, Washer Hookup, Washer Included
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Driveway
Pool None
Community Features BLM/National Forest, Foothills, Hiking, Park
Utilities Available Sewer Connected, Water Connected, Electricity Connected
View Y/N No
View None
Building
Lot Description Sprinklers, Landscaped, Lawn, Level with Street, Lot 6500-9999, Park Nearby, Rectangular Lot, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Yard, 0-1 Unit/Acre, Back Yard
Sewer Public Sewer
Schools
Elementary Schools Columbus
Middle Schools Fulton
High Schools Van Nuys
NEARBY SCHOOL & BUSINESS
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