Located in one of Lake Balboa's most desirable pockets, just one block from the sought-after Lake Balboa Park, this home is a rare find for investors or buyers eager to create their dream residence. Inside, you'll find original hardwood floors, a permitted bonus sunroom, and an updated plumbing system. The detached garage features a large extension, perfect for a workshop, studio, or additional storage. And for something truly unique, the property boasts an underground fallout shelter you have to see to believe. The expansive lot is larger than most in the neighborhood, offering endless potential for outdoor living, gardening, or future expansion, or an ADU. Enjoy easy access to multiple golf courses, the Encino Farmers Market, the Japanese Garden, Sepulveda Basin Dog Park, and more. With its prime location and exceptional potential, this home is ready to be transformed into something extraordinary.
Sold for $780,000 on 09/24/25
$780,000
16539 Gilmore St, Van Nuys, CA 91406
3beds
1,214sqft
Residential, Single Family Residence
Built in 1951
6,455.59 Square Feet Lot
$772,900 Zestimate®
$643/sqft
$4,213 Estimated rent
Home value
$772,900
$703,000 - $850,000
$4,213/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 24, 2025 at 07:06am
Listed by:
Mary Hill DRE # 01783566 818-605-7880,
Sotheby's International Realty 818-990-8700
Bought with:
Yolanda Cortez, DRE # 02039732
WERE REAL ESTATE
Source: CLAW,MLS#: 25580807
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bathroom
- Features: Shower Over Tub
Heating
- Wall
Cooling
- Ceiling Fan(s), Window Unit(s)
Appliances
- Included: Gas/Electric Range, Range/Oven, Refrigerator, Washer, Dryer
- Laundry: Other
Features
- Ceiling Fan(s), Dining Area
- Flooring: Wood
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 1,214
- Total interior livable area: 1,214 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - 2 Car, Concrete
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Entry location: Ground Level w/steps
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 6,455 sqft
- Dimensions: 53 x 135
Details
- Additional structures: Other
- Parcel number: 2231014043
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Foundation: Raised
Condition
- Fixer
- Year built: 1951
Utilities & green energy
- Sewer: In Street
- Water: District
Community & neighborhood
Location
- Region: Van Nuys
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2025 | Sold | $780,000+4.1%$643/sqft |
Source:  CLAW #25580807 | ||
| 9/15/2025 | Pending sale | $749,000$617/sqft |
Source: CLAW #25580807 | ||
| 9/5/2025 | Contingent | $749,000$617/sqft |
Source: CLAW #25580807 | ||
| 8/20/2025 | Listed for sale | $749,000$617/sqft |
Source: CLAW #25580807 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,125 +3.3% | $77,239 +2% |
| 2024 | $1,090 +1.7% | $75,726 +2% |
| 2023 | $1,072 +4.4% | $74,242 +2% |
Find assessor info on the county website
Neighborhood: Lake Balboa
Nearby schools
GreatSchools rating
- 4/10Gault Street Elementary SchoolGrades: K-5Distance: 1 mi
- 7/10William Mulholland Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Birmingham Community Charter High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$772,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$772,900