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.
Sold for $659,000
Listed by: Real Brokerage Technologies, Inc. • Luke Smith • Contact: 310-702-0128
Bought with: Real Brokerage Technologies, Inc.
$659,000
15157 Covello St, Van Nuys, CA 91405
2beds
811sqft
Single Family Residence
Built in 1949
7,774 Square Feet Lot
$709,600 Zestimate®
$813/sqft
$3,403 Estimated rent
Home value
$709,600
$632,000 - $788,000
$3,403/mo
Zestimate® history
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$4,202/mo
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Two driveways
Zillow last checked:
Listing updated:
Listed by:
Luke Smith DRE #02037906 310-702-0128,
Real Brokerage Technologies, Inc.,
Shaun Finn DRE #02004086,
Real Brokerage Technologies Inc
Bought with:
Luke Smith, DRE #02037906
Real Brokerage Technologies, Inc.
Source: CRMLS,MLS#: SR25274636
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Bedroom, Family Room, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Other
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Full Bath on Main Level, Stone Counters, Separate Shower, Walk-In Shower
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Range
- Laundry: Inside, Laundry Room
Features
- Ceiling Fan(s), Recessed Lighting, Storage, Bedroom on Main Level, Main Level Primary
- Flooring: See Remarks, Tile
- Windows: Skylight(s)
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 811 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Single, Driveway, Garage, Gated, Oversized, One Space
- Garage spaces: 2
Accessibility
- Accessibility features: Parking
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Patio & porch: Porch
- Pool features: None
- Fencing: Block
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 7,774 Square Feet
- Features: Back Yard, Corner Lot, Front Yard, Level, Street Level, Yard
Details
- Parcel number: 2221002002
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Glass, Stone, Stucco
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1949
Utilities & green energy
- Electric: Electricity - On Property, Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Suburban
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Security Lights
Location
- Region: Van Nuys
Financial & listing details
- Price per square foot: $813/sqft
- Tax assessed value: $177,723
- Annual tax amount: $2,408
- Date on market: 12/15/2025
- Cumulative days on market: 7 days
- Listing terms: Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Sold | $659,000$813/sqft |
Source:  CRMLS #SR25274636 Report a problem | ||
| 12/24/2025 | Pending sale | $659,000$813/sqft |
Source: CRMLS #SR25274636 Report a problem | ||
| 12/15/2025 | Listed for sale | $659,000+515.9%$813/sqft |
Source: CRMLS #SR25274636 Report a problem | ||
| 3/1/1996 | Sold | $107,000$132/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,408 +4% | $177,723 +2% |
| 2024 | $2,316 +2% | $174,239 +2% |
| 2023 | $2,271 +4.9% | $170,824 +2% |
| 2022 | $2,165 +1.5% | $167,476 +2% |
| 2021 | $2,132 -0.7% | $164,193 +1% |
| 2020 | $2,147 | $162,510 +2% |
| 2019 | $2,147 +6.9% | $159,324 +2% |
| 2018 | $2,009 | $156,201 +2% |
| 2017 | $2,009 +2.4% | $153,139 +2% |
| 2016 | $1,962 +6.9% | $150,138 +1.5% |
| 2015 | $1,836 +0.7% | $147,884 +2% |
| 2014 | $1,824 | $144,988 +2.5% |
| 2012 | -- | $141,505 +2% |
| 2011 | -- | $138,732 +0.8% |
| 2010 | -- | $137,696 -0.2% |
| 2009 | -- | $138,024 +2% |
| 2008 | -- | $135,318 +2% |
| 2007 | -- | $132,666 +2% |
| 2006 | -- | $130,065 |
| 2005 | -- | $130,065 +4% |
| 2004 | -- | $125,017 +1.9% |
| 2003 | -- | $122,727 +2% |
| 2002 | -- | $120,321 +4% |
| 2000 | -- | $115,650 |
Find assessor info on the county website
Neighborhood: Van Nuys
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Nearby schools
GreatSchools rating
- 6/10Valerio Street Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Robert Fulton College Preparatory SchoolGrades: 6-12Distance: 0.3 mi
- 4/10Panorama High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$709,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$709,600
- California
- Los Angeles County
- Los Angeles
- 91405
- Van Nuys
- 15157 Covello St
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