Discover an unparalleled development opportunity in the coveted neighborhood of Valley Glen, Los Angeles, perfectly positioned adjacent to Sherman Oaks. This expansive corner lot, sprawling over 8,192 square feet, offers boundless potential for a variety of development projects. Whether you're looking to construct a luxurious large residence, a main home with an Accessory Dwelling Unit (ADU), or maximize the space with a home, junior ADU, and detached ADU, the possibilities are endless. Additionally, this property presents a unique opportunity for a lot split via SB-9, optimizing its potential for increased residential units. Nestled in a serene and prestigious area, this lot is an ideal canvas for investors, developers, and dream home builders alike, offering a rare chance to create bespoke living spaces or a multi-unit investment in a prime Los Angeles location.
Sold for $1,025,000
Listed by: Keller Williams Realty Calabasas • Justin Bonney • Contact: 818-392-4884
Bought with: Keller Williams Realty Calabasas
$1,025,000
5900 Costello Ave, Van Nuys, CA 91401
3beds
1,097sqft
Single Family Residence
Built in 1948
8,192 Square Feet Lot
$1,047,400 Zestimate®
$934/sqft
$4,283 Estimated rent
Home value
$1,047,400
$985,000 - $1.12M
$4,283/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Justin Bonney DRE #01338897 818-392-4884,
Keller Williams Realty Calabasas
Bought with:
Justin Bonney, DRE #01338897
Keller Williams Realty Calabasas
Source: CRMLS,MLS#: SR24026320
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Kitchen, Laundry, Living Room
Bedroom
- Features: All Bedrooms Down
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Inside
Features
- All Bedrooms Down
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,097 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Single, Garage, Garage Faces Side, On Street
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Front door
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 8,192 Square Feet
- Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Near Park, Near Public Transit, Rectangular Lot
Details
- Parcel number: 2246003014
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Foundation: Raised
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Street Lights, Valley, Park
Location
- Region: Van Nuys
Financial & listing details
- Price per square foot: $934/sqft
- Tax assessed value: $1,060,000
- Annual tax amount: $12,837
- Date on market: 2/7/2024
- Cumulative days on market: 6 days
- Listing terms: 1031 Exchange,Submit
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2024 | Sold | $1,025,000+23.6%$934/sqft |
Source:  CRMLS #SR24026320 Report a problem | ||
| 2/20/2024 | Pending sale | $829,000$756/sqft |
Source: CRMLS #SR24026320 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,837 +390.3% | $1,060,000 +433.4% |
| 2024 | $2,618 +1.8% | $198,740 +2% |
| 2023 | $2,571 +4.7% | $194,844 +2% |
| 2022 | $2,455 +1.4% | $191,024 +2% |
| 2021 | $2,421 -0.9% | $187,279 +1% |
| 2020 | $2,442 | $185,359 +2% |
| 2019 | $2,442 +6.3% | $181,726 +2% |
| 2018 | $2,298 | $178,163 +2% |
| 2017 | $2,298 +2.3% | $174,670 +2% |
| 2016 | $2,247 +2.7% | $171,246 +1.5% |
| 2015 | $2,187 +0.6% | $168,675 +2% |
| 2014 | $2,174 | $165,372 +2.5% |
| 2012 | -- | $161,399 +2% |
| 2011 | -- | $158,236 +0.8% |
| 2010 | -- | $157,054 -0.2% |
| 2009 | -- | $157,428 +2% |
| 2008 | -- | $154,342 +2% |
| 2007 | -- | $151,317 +2% |
| 2006 | -- | $148,351 |
| 2005 | -- | $148,351 +4% |
| 2004 | -- | $142,592 +1.9% |
| 2003 | -- | $139,979 +2% |
| 2002 | -- | $137,236 +4% |
| 2000 | -- | $131,909 |
Find assessor info on the county website
Neighborhood: Valley Glen
Nearby homes
- $1,085,1003 bd2 ba1.7k sqft5906 Costello Ave, Van Nuys, CA 91401Off Market
- $875,4003 bd1 ba1k sqft5910 Costello Ave, Van Nuys, CA 91401Off Market
- $1,075,0004 bd3 ba2k sqft5856 Costello Ave, Van Nuys, CA 91401Off Market
- $1,182,7003 bd3 ba2.1k sqft5901 Colbath Ave, Van Nuys, CA 91401Off Market
- $839,9002 bd1 ba1.3k sqft5909 Colbath Ave, Van Nuys, CA 91401Off Market
- $1,348,4003 bd3 ba1.8k sqft13946 Califa St, Van Nuys, CA 91401Off Market
- $1,072,4004 bd2 ba1.8k sqft5916 Costello Ave, Van Nuys, CA 91401Off Market
- $1,326,2004 bd3 ba2.7k sqft13940 Califa St, Van Nuys, CA 91401Off Market
Nearby schools
GreatSchools rating
- 9/10Erwin Elementary SchoolGrades: K-5Distance: 0.8 mi
- 6/10Van Nuys Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Van Nuys Senior High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$1,047,400
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Estimated market value
$1,047,400
- California
- Los Angeles County
- Los Angeles
- 91401
- Valley Glen
- 5900 Costello Ave
Nearby cities
Nearby neighborhoods
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