
Granada Hills, California 91344
This property presents a High-Potential Investment Opportunity with a List Price of $999,900—positioned well below the $1,033,581 Fair Market Value by 3%. This valuation gap offers $33,681 in Instant Equity. Featuring a 4-bedroom, 3-bathroom layout on an expansive 18,506 sqft lot, the home has a Condition Rating of 4, requiring modernization. With top-rated schools nearby and significant ADU potential, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10845 Zelzah Subject | $999,900* List Price | 4 | 3 | 2,591 | $399 | - |
A 11158 Newcastle Avenue Active Under Contract | $1,100,000 List Price | 4 | 3 | 2,312 | $476 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1935 and held by the same owner for 39 years, the home is well-maintained but significantly dated. While the kitchen features newer appliances, the bathrooms and overall interior finishes appear to be 20-30 years old. The listing's emphasis on 'endless potential' and 'reimagining' the property confirms it needs aesthetic and likely systemic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18506, living area = 2591.
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 massive 18,506 square foot lot provides a rare sense of privacy and significant opportunity for expansion, including a resort-style pool or an Accessory Dwelling Unit (ADU).
Built in 1935 and marketed as a transformation opportunity, the property likely requires substantial capital investment to update its systems and finishes to modern standards.
Despite the large estate-like lot, the property is noted as having no views, which may be a drawback for buyers seeking the scenic vistas common in parts of Granada Hills.
** Welcome to 10845 Zelzah Ave - offered for the first time in 39 years! ** An exceptional opportunity to own a beautifully spacious residence situated on an expansive 18,500 square foot lot in the heart of Granada Hills ** The future transformation of this property is limited only by your imagination ** Currently designed with both comfort and versatility in mind, this home features a flexible floorplan offering 3 or 4 bedrooms and 3 bathrooms ** Ideal for evolving lifestyles, multigenerational living, a home office, guest accommodations, or additional gathering space within the oversized family room/den ** The home offers approximately 2,591 square feet of thoughtfully designed living space ** The desirable primary suite features abundant natural light, a huge walk-in closet, and an additional generously sized closet ** Large windows in the Living and Family Rooms create warm and inviting spaces for entertaining while filling the home with an abundance of natural light ** The spacious kitchen features newer appliances, an oversized hood, a large pantry, and excellent functionality ** Adjacent to the kitchen is a separate laundry area with additional storage space ** The functional layout blends warmth and livability with endless potential to further enhance, personalize, or completely reimagine the property with your own vision and creativity ** Whether thoughtfully updated, expanded, or transformed into a custom dream estate, the possibilities are truly endless ** Beyond the interior, the grounds are truly extraordinary ** The sprawling 18,500 square foot lot creates a rare sense of privacy and possibilities, offering ample space for outdoor entertaining, a resort-style pool, ADU potential, gardens, recreation areas, or other future expansion ** Mature landscaping, numerous fruit trees, and the oversized parcel combine to create the estate-like setting Granada Hills is known for ** Additional features include a detached 2-car garage with a bonus room/workshop ** Ideally located near highly acclaimed the Granada Hills Charter High School and Old Town Granada Hills, with convenient access to shopping, dining, entertainment, parks, schools, and freeways ** This special property presents a rare combination of scale, flexibility, privacy, and long-term opportunity ** This will not last! **
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.7 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 2,591 | 1,899.5 | 84% |
| Lot Size | 18,506 | 8,310 | 87% |
| Price | $999.9K | $1.05M | 39% |
| Price per sq ft | $386 | $565 | 4% |
| Built year | 1935 | 1960 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 123 | 3% |
May 28, 2026
$999,900
Initial Listing