$1,200,000

ATTENTION DEVELOPERS, INVESTORS & BUYERS LOOKING FOR LAND! An exceptionally rare opportunity in Van Nuys featuring an expansive 30,000+ SF lot with roughly 100 feet of frontage and 300 feet of depth, offering tremendous potential for those looking to create, expand, or redevelop. The property's substantial lot size and configuration… Read More may offer the possibility to subdivide the lot and sell or develop the resulting parcels separately, subject to City approval. Explore the potential for an SB9 lot split, along with opportunities to expand the existing residence and potentially add a JADU, ADU, and additional SB9 unit(s). A buyer may also explore similar development possibilities on a newly created parcel after subdivision. Buyer to independently verify all zoning, subdivision, SB9, ADU/JADU, building, and development possibilities with the City and appropriate professionals. Currently situated toward the front of the property is a charming Ranch-style 2-bedroom, 1-bath main residence of approximately 1,267 SF featuring hardwood floors, a formal foyer, large windows providing abundant natural light, built-in features, ceiling fans, and a family room overlooking a backyard that seemingly goes on forever. Beamed cathedral ceilings add character, while the galley kitchen, covered front porch, charming wood siding, and large driveway preserve the home's classic appeal. Beyond the main residence is a detached GUEST HOUSE of approximately 550 SF, offering 1 bedroom, 1 bathroom, a kitchen, living area, generous closet space, laminate flooring, and wall heater. There is also an approximately 350 SF CONVERTED GARAGE with a bathroom, plus a charming detached “doll house” that could make a fun playhouse, storage space, studio-inspired retreat, or creative bonus area. The true centerpiece is the land. With approximately 30,000 SF, mature trees, tremendous depth, and substantial frontage, this property offers the kind of space rarely found in Van Nuys. Improve what's already here, create an incredible private compound, explore adding multiple units, investigate a potential lot split, or envision an entirely new development. the possibilities make this property equally compelling as a dream-home opportunity or investment/business venture. Surrounded by a mix of residential homes and multifamily properties and conveniently located near the 101 and 405 freeways, Van Nuys Airport, Balboa and Woodley Parks, golf courses, Costco, shopping, dining, and entertainment. Read Less

Listing Snapshot

Days Online

Last Updated

Aug 25, 2026

Property Type

SingleFamilyResidence

Beds

Full Baths

Square Ft.

2,167

Lot Size

0.69 Acres

Year Built

1941

MLS Number

SR26182032

Additional Details

Appliances & Equipment

Dishwasher, GasOven, Refrigerator

Building

Built in 1941, Living area: 2167.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: Front door

Community

Curbs, Sidewalks

Cooling

WallWindowUnits

Exterior Features

Patio/Porch Features: Concrete, FrontPorch, Porch, Rooftop

Fireplaces

LivingRoom, None, SeeRemarks

Floors

Wood

Foundation

Raised, Slab

Heating

WallFurnace

Home Owner's Association

Association Fee: $0

Interior Features

BeamedCeilings, BuiltInFeatures, CeilingFans, CathedralCeilings, SeparateFormalDiningRoom, HighCeilings, Pantry, AllBedroomsDown, BedroomOnMainLevel, EntranceFoyer, GalleyKitchen, Workshop

Laundry

Inside

Lot

0.689 acres, BackYard, FlagLot, FrontYard, Level, RectangularLot, StreetLevel, TearDown, ValueInLand, Yard

Parking

Concrete, Driveway, Oversized

Pool

None

Property

AdditionsAlterations, Fixer, RepairsCosmetic, Other structures: GuestHouseDetached, GuestHouse, Outbuilding, Sheds, Storage, TwoOnALot, Workshop, Neighborhood

Roof

Shingle

Sewer

PublicSewer

Taxes

Additional parcels description:, Parcel Number: 2222018016, Lot: 22, Zoning: LARE11

Utilities

Water Source: Public

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15523 Valerio Street

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