15331 Lemay St, Van Nuys, CA 91406

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, 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).