$790,000 - 15022 Sylvan Street, Van Nuys

Van Nuys Home Sale

Welcome to 15022 Sylvan Street and 6268 Norwich Avenue, a rare, side-by-side two-parcel compound in the heart of Van Nuys offering versatility, value-add potential, and multiple exit strategies for investors or end users, including multi-generational families. 15022 Sylvan Street sits on an approximately 8,053-square-foot corner lot and features a 1,454-square-foot Traditional Ranch, currently functioning as a one-bedroom, two-bathroom unit (assessor shows 2 bedrooms, 2 bathrooms). Highlights include a chef-caliber kitchen with Sub-Zero refrigeration, double ovens, a gas cooktop, a built-in espresso machine, a double dishwasher, and a butler’s pantry. The garage has been converted into a bonus room and bedroom area. The non-conforming layout presents an opportunity to reimagine and reconfigure for modern living, development, or income strategies. Property sold as-is. 6268 Norwich Avenue, the intentional complement to Sylvan, sits on an approximately 8,102-square-foot lot and offers 1,143 square feet with three bedrooms and one bathroom. Designed as an entertainment-focused retreat, it features a bar-style kitchen, lofted living area, and a converted garage used as a private movie theater. A key feature is the absence of a dividing fence, allowing both parcels to function as one expansive estate totaling over 16,000 square feet of flat land, a configuration rarely replicated in today's Van Nuys market. Ideal for multi-generational living, ADUs, SB 9 redevelopment, or long-term hold. Both properties are held in the same trust, with a preference to sell together. Sellers may entertain selling separately; however, separation would require surveys, fencing, addressing encroachments or landscaping, potential tree work, and mechanical adjustments. Any split sale must reflect a favorable price structure accounting for these added costs. Opportunities of this scale and configuration are increasingly rare, particularly given that two contiguous parcels are already functioning as a single estate. The compound offers immediate usability with long-term flexibility as zoning, density, and neighborhood demand continue to evolve. Centrally located near major corridors, employment hubs, and amenities, this property supports both lifestyle use and strategic repositioning over time. Side-by-side parcels with shared use and this level of land, privacy, and adaptability are exceptionally limited, making this offering difficult to replicate under current market conditions.