12
Map
$797,500
↓ $51K (6.1%)
●
House -
For Sale
7662 Paso Robles Avenue
Van Nuys, CA 91406
2 Beds
1 Bath
848 Ft²
$3,916
Est. Monthly
About This Property
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.
Unit Size
848 Ft²
Days on Market
118 days
Land Size
0.17 acres
Price per sqft
$940
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1948
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (CRMLS #GD26149817)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2026 | Price Decreased |
$797,500
↓ $52K
(6.1%) | |
| Price Decreased | |||
| Jul 9, 2026 | Listed by Remax Optima | $848,995 | |
| Listed by Remax Optima | |||
| Sep 30, 2025 | Price Decreased |
$838,999
↓ $1
(0%) | |
| Price Decreased | |||
| Jul 22, 2025 | Price Decreased |
$839,000
↓ $20K
(2.3%) | |
| Price Decreased | |||
| Jun 5, 2025 | Price Decreased |
$859,000
↓ $20K
(2.3%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway, On Site, Off Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 1
Interior Features: Eat-in Kitchen, Open Floorplan, Recessed Lighting, Storage, SeparateFormalDiningRoom, QuartzCounters, AllBedroomsDown, BedroomOnMainLevel
Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Range, Refrigerator, Dryer, Washer
Flooring Type: Carpet, Tile
Laundry Features: Gas Dryer Hookup
Fireplace Features: None
Exterior Details
Square Footage: 848
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 1948
Levels: One
Pool Features: None
Lot Features: ZeroToOneUnitAcre
Lot Size Area: 7198
Lot Size Units: Square Feet
Lot Size Acres: 0.1652
Lot Size Square Feet: 7198
Tax Lot: 45
Water Source: Public
Utilities Details
Cooling Type: Central Air, Gas
Heating Type: Central, Natural Gas
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About South Valley
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Listed by: Naira Valian, Remax Optima
Last Updated: 3 months ago
Data Source: CRMLS, MLS# GD26149817
Last Updated: 3 months ago
Data Source: CRMLS, MLS# GD26149817
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