15331 Lemay Street, Van Nuys, CA 91406
Local realty services provided by:ERA North Orange County Real Estate
15331 Lemay Street,Van Nuys, CA 91406
$1,425,000
- 5 Beds
- 5 Baths
- 2,683 sq. ft.
- Single family
- Active
Listed by: randy hui
Office: realty one group united562-228-4900
MLS#:DW26210804
Source:CRMLS
Price summary
- Price:$1,425,000
- Price per sq. ft.:$531.12
About this home
** NEW SFH + ADU INCOME PROPERTY, OWNER OCCUPY OR HOUSE HACK // $100.8K ANNUAL RENTAL INCOME **
Incredible opportunity to own a fully stabilized, turnkey income property in one of the strongest rental markets in the Valley, or explore endless possibilities for owner occupancy, multi-generational living, house-hacking and more. Property features a fully renovated primary home + newly constructed detached ADU (both completed in 2024) currently generating $8,400 a month ($5,200 main house + $3,200 ADU) / $100,800 a year in gross rental income.
The 1,796 sf main house boasts 3 spacious bedrooms and 3 bathrooms, plus a BONUS/FLEX room and DEN that may potentially be converted into additional bedrooms, a "Next Gen Suite" or Jr. ADU (buyer to verify all options), offering tremendous flexibility for a variety of living arrangements. Other impressive features include an open floor plan, great room with vaulted ceilings and skylights, a primary ensuite bath with oversized dual walk-in shower, and a generously-sized, fully landscaped backyard.
Behind the main house is an 887 sf detached ADU with 2 large bedrooms and 2 bathrooms, its own private entrance and outdoor space, separate address and electrical meter. Both units feature premium finishes such as natural oak cabinets, quartz countertops, designer tile and in-unit laundry to command top rents. All-new electrical, plumbing, HVAC, appliances and owned solar panels minimize ownership/operating costs and provide peace of mind for years to come.
Superb location in a coveted, Midvale Estates adjacent pocket of Van Nuys with easy and convenient access to the 405 and 101 freeways and all the shops and restaurants along the Sepulveda Boulevard corridor. Fishing, kayaking, golfing, miles of scenic paths and a slew of other outdoor activities at Lake Balboa and the Sepulveda Basin Recreation Area are all just minutes away.
Both units leased to the same tenant and currently occupied. Leases expire 12/15/26 and tenant has expressed interest in renewing. Property can also be delivered vacant and/or furnished. **Please do not disturb occupants or walk property – drive-by only.**...
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Home facts
- Year built:1942
- Listing ID #:DW26210804
- Added:1 day(s) ago
- Updated:September 28, 2026 at 08:33 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:4
- Flooring:Vinyl
- Kitchen Description:Electric Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan
- Living area:2,683 sq. ft.
Heating and cooling
- Cooling:Central Air, Ductless Air, Electric, Heat pump, High Efficiency
- Heating:Central, Ductless, Heat Pump, High Efficiency
- Central air:Yes
Structure and exterior
- Roof:Asphalt, Membrane
- Year built:1942
- Building area:2,683 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Back Yard, Drip Irrigation/Bubblers, Landscaped, Lawn, Near Park, Rectangular Lot, Street Level, Yard
- Architectural Style:Contemporary, Modern
- Construction Materials:Concrete, Copper Plumbing, Drywall, Fiber Cement, Glass, Stucco, Vertical Siding
- Exterior Features:Concrete, FrontPorch, Lighting, Open, Patio, Porch, RainGutters
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Van Nuys
- Middle school:Fulton
- Elementary school:Columbus
Utilities
- Water:Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,425,000
- Price per sq. ft.:$531.12
Features and amenities
- Appliances:Dryer, Electric Range, Washer
- Laundry features:Dryer, Inside, Stacked, Washer
- Amenities:All Bedrooms Down, Cathedral Ceilings, Foyer Entrance, High Ceilings, Koi Pond, Open Floor Plan, Quartz Counters, Rain Gutters, Recessed Lighting, Tankless Water Heater, Walk In Closets, Wet Bar
Parking
- Total parking spaces:3
- Parking description:Driveway, Uncovered
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