15021 Sylvan, Van Nuys, CA 91411

Description

A compelling opportunity for investors or owner-users looking to build significant equity. The main residence is a 3-bedroom, 1-bathroom home spanning 1,083 square feet, with a permitted 298 sq ft addition underway as well as the enclosure of a 35 sq ft entry porch that will bring the home to 4 bedrooms and 2 bathrooms upon completion. The rear detached structure, a 323 sq ft garage conversion with a 209 sq ft addition in progress, is being built out as a 2-bedroom, 1-bathroom ADU, creating strong future rental income potential on a single lot. Buyer to complete construction and verify all permits with the City of Los Angeles.
The location adds further appeal. Situated in the central San Fernando Valley with direct access to the 405 freeway, commuting throughout the region is straightforward, and Valley Presbyterian Hospital is just over a mile away. The Sepulveda Basin Recreation Area, Japanese Garden, and Lake Balboa are all within a few miles, and the neighborhood sits on the border of Sherman Oaks, offering proximity to the Galleria, Costco, and a wide range of dining and retail options.