15331 Lemay St, Van Nuys, CA 91406

** 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.**