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+16615447793
Ilma's Inc.
15157 Covello Street, Van Nuys, CA 91405
- $659,000
- 2
- BD
- 1
- BA
- 811
- SqFt
- Sold Price
- $659,000
- List Price
- $659,000
- Closing Date
- Jan 27, 2026
- Status
- CLOSED
- MLS#
- SR25274636
- Year Built
- 1949
- Bedrooms
- 2
- Bathrooms
- 1
- Living Sq. Ft
- 811
- Lot Size
- 7,774
- Acres
- 0.18
- Lot Location
- Back Yard, Corner Lot, Front Yard, Level, Street Level, Yard
- Days on Market
- 7
- Property Type
- Single Family Residential
- Style
- Traditional
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Prime opportunity for investors and developers on this 7,774 sq ft corner lot with two driveways and excellent access. The property offers multiple development paths, including SB 9 Two-Unit Development, a potential Urban Lot Split, or a full ground-up rebuild of two new homes. Corner lots rarely offer this level of design flexibility and efficiency. For value-add buyers, the existing main house also provides strong potential: fix and update the home, convert the detached 2-car garage into an ADU, and/or add an additional detached ADU (if not pursuing SB 9). This creates several viable exit strategies, from rental income to resale of multiple units. A versatile development site in a central Van Nuys location near major freeways, retail, and employment centers. Bring your vision and maximize the potential of this unique parcel.
Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Neighborhood
- Exterior Construction
- Glass, Stone, Stucco
- Patio
- Porch
- Roof
- Shingle
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
- Interior Features
- Ceiling Fan(s), Recessed Lighting, Storage, Bedroom on Main Level, Main Level Primary
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Luke Smith (lukesmithproperties@gmail.com) from Listing Office: Real Brokerage Technologies, Inc..
Listing sold by Luke Smith from Real Brokerage Technologies, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.