6437 Graves Ave, Van Nuys, CA 91406
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6437 Graves Ave Van Nuys, CA 91406

$1,399,999
  • 5 Beds
  • 4 Baths
  • 2,354 Sq.Ft.
For Sale
$1,399,999 Get Pre-Qualified

Map preview of 6437 Graves Ave, Van Nuys, CA 91406

Property Overview: 6437 Graves Ave Van Nuys, CA has 5 bedrooms, 4 bathrooms, 2,354 living square feet and 6,876 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to your income-generating retreat in Lake Balboa, where every detail is designed for comfort and convenience! This property offers a unique blend of versatility and charm, featuring a 3-unit setup with the simplicity of loan qualification as a Single Family Residence. Upon entering the main house, you’re greeted by inviting spaces, including high ceilings and a cozy brick fireplace, creating a warm atmosphere for relaxation. Laminate and tile flooring add a touch of sophistication, while the expansive kitchen beckons with stone countertops, stainless steel appliances, and ample room for culinary creativity. A separate dining area and convenient powder room enhance the functionality of the space, while the individual laundry room streamlines chores with its included washer and dryer. At the front of the house, you’ll find a sprawling walk-in coat closet, providing easy access to storage for your outerwear and belongings. Two generously sized bedrooms share a full bath, while the primary bedroom suite offers his and hers closets, an ensuite 3/4 bath, and access to a vast enclosed patio—perfect for unwinding or entertaining guests. Step outside to your own private backyard oasis, complete with a grassy area for your furry friends to roam, an outdoor sink for added convenience, a large storage unit for all your essentials, and a custom-built seating area surrounding a cozy firepit—ideal for gathering under the stars. Additionally, there are three parking spaces available in the driveway. The (64391/2 Graves Ave) ADU, constructed in 2024, and the (6439 Graves Ave) JADU, built in 2023, offer additional income potential. This property’s location adds to its appeal, with Birmingham High School and Mulholland Middle School nearby, as well as easy access to Van Nuys Airport, Lake Balboa Park, golf courses, and the 405 and 101 freeways—making commuting a breeze. Experience the comfort and versatility of this meticulously renovated property, originally built in 1955 and fully revamped in recent years. Don’t miss out on the opportunity to own a piece of Lake Balboa’s vibrant real estate scene. Schedule a viewing today and discover the potential of this income-generating gem!

Listed by Caroline Harabedian | BRE #01791821 | Re-Search Concept
Last checked: 13 minutes ago | Last updated: May 6th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
6,876
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
SR24080951
City
Van Nuys
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $7,100
  • Net Operating Income: $7,000
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $100
  • Electric: $350
  • Gas/Fuel: $110
  • Trash: $75
  • Gardener: $75
  • Insurance: $150
  • Maintenance: $100
  • Water/Sewer: $50

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Property Details for 6437 Graves Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Individual Room, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Tile, Vinyl, Wood
  • Kitchen, Laundry, Living Room, Main Floor Primary Bedroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Free-Standing Range, Disposal, Gas Water Heater, Water Heater
Interior Features
  • Copper Plumbing Full, High Ceilings, Open Floorplan, Recessed Lighting, Stone Counters, Track Lighting
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Back Yard, Front Yard, Lawn, Sprinklers In Front, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 2230018013
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Between Louise & Aldea, North of Victory
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Horse Trails, Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

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Sale History for 6437 Graves Ave

Last sold on September 30th, 2019
  • April, 2024

  • Apr 23, 2024

    Date

    Active

    CRMLS: SR24080951

    $1,599,999

    Price

  • September, 2019

  • Sep 30, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2000

  • Apr 5, 2000

    Date

    Sold (Public Records)

    Public Records

    $210,000

    Price

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Tax History for 6437 Graves Ave

Assessed Value (2020): $465,375
Year Land Value Improved Value Assessed Value
2020 $288,612 $176,763 $465,375

Home Value Compared to the Market

This property vs the competition

6437 Graves Ave is listed 59.27% higher than the median list price for the city of Van Nuys which has a median list price of $879,000. The median price per/sqft for Van Nuys is $528 and this home is listed at $594.73 per/sqft which puts the price per square foot 12.64% higher than the median price per square foot for the city of Van Nuys.

About 6437 Graves Ave

Detailed summary of property

6437 Graves Ave is a single family home located in Van Nuys, CA 91406 and is currently for sale. This house offers 5 bedrooms, 4 bathrooms, roughly 2,354 living square feet, and sits on an approximately 6,876 square foot lot. 6437 Graves Ave was first listed on ArdentRealEstateGroup.com on April 23, 2024. The homeowner is currently asking $1,399,999 and was originally asking $1,599,999. The median priced home in Van Nuys is $879,000 with a median price per square foot of $528. Based on Ardent Real Estate Group's Van Nuys Market Data, this home is listed 59.27% higher than the median priced home. Local competing homes currently for sale include 11670 W Sunset Blvd #101, 11740 W Sunset Blvd #23 and 410 S Barrington Ave #206. While the average home in Van Nuys, CA is selling in 56 days, 6437 Graves Ave has a days on market of 11 days. There are currently 100 homes for sale in the Van Nuys real estate market and 71 of them are single family homes while 19 of them are condos and 10 are townhomes. For more information on this home for sale at 6437 Graves Ave Van Nuys, CA 91406 contact Ardent Real Estate Group and we will put you in touch with one of our Van Nuys agents.

Public Facts for 6437 Graves Ave

Public county record property details
Beds
3
Baths
2
Year built
1955
Sq. Ft.
1,753
Lot Size
6,873
Stories
--
Type
Single Family Residential
Pool
No
Spa
Yes
County
Los Angeles
Lot#
13
APN
2230-018-013

The source for these homes facts are from public records.

91406 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$899,000
Median List Price/Sq.Ft.
$513
Median Sold Price
$820,000
Median Sold Price/Sq.Ft.
$606
Total Inventory
61
Median Sale to List Price %
102.63%
Avg Days on Market
35
Loan Type
Conventional (40.91%), FHA (9.09%), VA (0%), Cash (13.64%), Other (27.27%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.