
Granada Hills, California 91344
This Turnkey Dual-Residence Asset is listed at $1,250,000, reflecting a premium for its significant development potential. While priced slightly above the $1,201,640 Fair Market Value, the property offers exceptional utility through a renovated 3-bedroom main house and a detached 1-bedroom ADU. With SB 9 approved plans for two additional units on an expansive 11,832 sqft lot and proximity to top-rated schools like Mayall Street Elementary and Robert Frost Middle, this property provides long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or Multigenerational Homeowners.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10527 Danube Avenue Subject | $1,250,000* List Price | 0 | 0 | 2,064 | $582 | - |
A 16322 Hiawatha Street Sold | $1,165,000 | 4 | 2 | 1,977 | $589 | 0.7 mi |
B 16418 Minnehaha Street Sold | $969,000 | 3 | 2 | 1,860 | $521 | 0.8 mi |
C 11256 Haskell Avenue Sold | $920,000 | 4 | 3 | 1,840 | $500 | 1.0 mi |
D 15801 Chatsworth Active | $1,149,000 List Price | 0 | 0 | 2,224 | $517 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1954, the property has undergone a comprehensive recent renovation (likely <5 years) featuring modern finishes, recessed lighting, and updated kitchens and bathrooms. The exterior shows high-end maintenance with new pavers and fresh paint, and the addition of a modern detached ADU indicates that systems and structures are in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11832, living area = 2064.
Elementary School: Mayall Street Elementary School (9/10). Middle School: Robert Frost Middle School (9/10). High School: West Ranch High School (10/10).
The property includes SB 9 approved plans for two additional units (1,320 and 1,340 sqft), offering a rare and significant opportunity for density expansion, multi-generational living, or high-yield rental income on a large 11,832 sqft lot.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2064, other record living area = 1492.
Listed at $1.25M after selling for $840,000 in early 2023, the current price reflects a substantial premium that heavily factors in future development potential, which requires additional capital and construction risk to realize.
Despite modern interior cosmetic updates, the 1954 original construction may present ongoing maintenance requirements or aging core systems typical of a 70-year-old home that may not have been fully replaced.
Exceptional Granada Hills property offering versatility, income potential, and future development opportunities. This unique property features a 3-bedroom, 2-bathroom main residence with approximately 1,492 square feet of living space, plus a detached 1-bedroom, 1-bathroom ADU of approximately 572 square feet. Both residences offer updated interiors with modern finishes, recessed lighting, updated kitchens and bathrooms, and comfortable living spaces. The expansive lot includes a large paved driveway with ample parking, private outdoor areas, and a covered patio ideal for outdoor enjoyment. Adding significant value, the property includes SB 9 approved plans for two additional units of approximately 1,320 square feet and 1,340 square feet, providing outstanding potential for expansion, multigenerational living, or additional rental income. Conveniently located near shopping, dining, schools, parks, and major commuter routes, this is a rare opportunity to own a property with existing living space and future development potential in desirable Granada Hills.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,064 | 2,038 |
| Lot Size | 11,832 | 8,045 |
| Price | $1.25M | $1.07M |
| Price per sq ft | $606 | $561 |
| Built year | 1954 | 1960 |
| HOA | $0 | $0 |
| Days on market | 41 | 49 |
Jun 11, 2026
$1,250,000
Initial Listing
Mar 10, 2023
$840,000
Public Record