7662 Paso Robles Avenue
Van Nuys, CA, 91406
$797,500
Original list price: $848,995
MLS: GD26149817
Beds
2
Baths
1
Sq Ft
848
Lot
0.17 ac
Year Built
1948
MLS #
GD26149817
Days on Market
101
Listed
Jul 9, 2026
Description
This inviting 2-bedroom, 1-bathroom home in Lake Balboa offers exceptional potential for growth and development. Situated on a spacious lot, the property comes with, approved city plans for additional 1,639 sqft. Addition to the main residence 1bed 1bath so it will be 3bed/2bath, as well as the addition of both an ADU and Junior ADU all in total of 2,487 sqft. These plans provide a tremendous opportunity for additional living space, rental income, or extended family living. With ample room to expand and a prime location, this property offers a solid foundation for creating a custom home while capitalizing on its future potential. Perfect for investors, first-time buyers, or those seeking a strategic investment in Van Nuys. Close to Lake Balboa/Anthony Beilenson Park. Very motivated seller, don’t miss this rare opportunity! Please check the plans under supplements.
Location
Van Nuys, Los Angeles County, CA 91406
Open on Google Maps ↗Listed by: Naira Valian · Remax Optima
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$6,399
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $79,750 · Loan: $717,750
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $4,970
- Property tax (1.25%)
- $831
- Homeowners insurance
- $300
- Mortgage insurance
- $299
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Van Nuys home with as little as 3.5% down using an FHA loan — roughly $27,913 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Van Nuys, CA 91406 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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