
Sylmar, California 91342
This LARA-zoned estate represents a High-Potential Investment Opportunity, listed at a List Price of $1,100,000—positioned at its $1,100,000 Fair Market Value. With a Fair Condition Rating, this 2,952 sq ft residence offers significant upside through cosmetic modernization. The expansive 18,128 sq ft lot and versatile three-level layout provide rare development potential for multiple ADUs or equestrian use. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, income-generating asset with long-term appreciation potential in a rural-style enclave.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10568 Foothill Subject | $1,100,000* List Price | 4 | 3 | 2,952 | $373 | - |
A 10609 Jimenez Street Active | $850,000 List Price | 3 | 2 | 1,800 | $472 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the structure dates to 1924, it has been maintained with key system upgrades including HVAC, electrical enhancements, and a roof replaced within the last decade. The interior features a mix of newer flooring and dated 'original' woodwork/kitchen elements from long-term legacy ownership, placing it in the fair category as it is functional but requires cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18128, living area = 2952.
The expansive 17,750 sq ft LARA-zoned lot offers rare flexibility for equestrian use, hobby farming, or the development of multiple ADUs, providing significant long-term value upside.
Spanning three levels with private entrances for each, the residence is ideally configured for multigenerational living, guest quarters, or potential rental income streams.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2952, other record living area = 1116. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1924 and sold in as-is condition, the property likely requires additional capital investment for modernization and to address potential deferred maintenance typical of century-old homes.
A significant $150,000 price reduction after 45 days on the market suggests that the property's unique configuration and initial pricing may have faced challenges in attracting qualified buyers.
Welcome to a rare offering in one of Los Angeles’ last remaining rural enclaves where land, privacy, and possibility converge. Set on an expansive 17,750 sq ft LARA-zoned parcel, this distinctive estate presents a unique opportunity to create a refined retreat with exceptional flexibility and long-term upside. Privately held by the same family for over 57 years, the residence spans approximately 2,900+ sq ft across three levels and is now presented as a 4-bedroom, 3-bath home (buyer to verify). Each level features its own private entrance, offering a versatile layout ideal for multigenerational living, guest quarters, studio space, or curated live/work environments. The main level is rich in character, featuring a spacious kitchen, fireplace, and preserved original woodwork that reflects the home’s charm. French doors open to multiple patios and elevated decks, creating a seamless indoor-outdoor flow surrounded by mature trees and landscape, an ideal setting for entertaining or BBQ. Thoughtful improvements over time include double-pane windows, upgraded insulation, HVAC, electrical enhancements, a newer roof (within the past decade), and an owned solar system blending classic architecture with modern efficiency. This unique property includes two addresses on a single tax bill, offering enhanced flexibility and a rare opportunity for expanded use. The existing configuration, combined with LARA zoning, may allow for the development of multiple additional structures, including the potential for more than one ADU (buyer to verify with the City of Los Angeles), presenting a compelling opportunity to maximize value. The LARA zoning further supports a wide range of uses, including equestrian facilities, gardens, and hobby farming. Ideally situated near an extensive network of horse trails, the property is well-suited for equestrian lifestyles, chickens, and other permitted animals, offering a rare blend of rural functionality within the City of Los Angeles. The property includes a detached garage with workshop space and an extended driveway accommodating multiple vehicles. Located just moments from the Hansen Dam equestrian trail system and minutes to the 210 freeway, the property offers a rare balance of rural tranquility and city accessibility within convenient reach of Pasadena, the San Fernando Valley, and greater Los Angeles. A property of this scale, zoning, and legacy ownership is rarely available in Lake View Terrace Offered as-is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 2,952 | 1,586 | 95% |
| Lot Size | 18,128 | 8,036 | 80% |
| Price | $1.10M | $825.0K | 88% |
| Price per sq ft | $373 | $544 | 8% |
| Built year | 1924 | 1960 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 150 | 8% |
May 17, 2026
$1,100,000
$1,250,000
-12% Price Drop
Initial Listing
Apr 2, 2026
$1,250,000
Initial Listing