
Sylmar, California 91342
This Horse-Zoned Residential Asset represents a Strong Value Opportunity, listed at $885,000—positioned well below the $957,494 Fair Market Value by 7%. This valuation gap provides $72,494 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant upside through modernization of the main residence and accessory unit. With a massive 15,796 sq. ft. lot and mountain views, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project with ADU potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10852 Longford Street Subject | $885,000* List Price | 2 | 2 | 1,693 | $537 | - |
A 10609 Jimenez Street Sold | $825,000 | 3 | 2 | 1,800 | $458 | 0.4 mi |
B 10344 Arnwood Sold | $800,000 | 3 | 3 | 1,575 | $508 | 0.8 mi |
C 11357 Orcas Avenue Sold | $1,080,000 | 3 | 3 | 1,744 | $619 | 0.1 mi |
D 10525 Woldrich Active | $899,999 List Price | 3 | 2 | 1,628 | $553 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952 and owned by the same family for over 22 years, the property is functional but dated. While the kitchen has seen some updates to counters and cabinetry, the overall interior—including ceramic tile flooring and basic finishes—along with the cracked driveway and aged exterior, indicates the home is well past a 20-year refresh cycle and requires modernization as noted in the listing description.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15796, living area = 1693.
The nearly 16,000-square-foot lot is horse-zoned and fully fenced, offering rare space for equestrian facilities, large-scale gardening, or significant outdoor development.
The property includes a permitted secondary structure with a bathroom, providing immediate flexibility for multigenerational living, a home office, or a streamlined ADU conversion.
Both the main residence and the accessory unit require additional updating and cosmetic repairs to bring them up to contemporary market standards.
The main residence features only two bedrooms, which may limit its appeal to larger families or buyers seeking more traditional interior living space.
Owned by the same family for over 22 years, this single-story property offers space, privacy, and tremendous potential. Situated on a nearly 16,000-square-foot horse-zoned lot, the fully fenced and gated grounds feature a circular driveway, ample parking, and room to create your vision. The main residence offers 2 bedrooms, 2 bathrooms, a spacious family room, and an updated kitchen with newer counters and cabinetry. The property also includes a permitted accessory living quarters with a sink and ¾ bathroom, as well as a separate driveway offering convenient access and parking. For equestrian enthusiasts, the additional driveway may accommodate horse trailers, while the rear portion of the lot presents exciting possibilities for horse facilities and related uses. The accessory living quarters provide flexibility for guests, a home office, art studio, or multigenerational living. While both the main residence and accessory living quarters would benefit from additional updating, they present an exceptional opportunity to renovate, personalize, and make the property your own. The expansive lot and existing permitted structure may offer future ADU possibilities. Enjoy the equestrian surroundings while still being conveniently close to city amenities, offering the perfect balance of country living and urban access. A rare opportunity to create something truly special on a generously sized lot with incredible potential and possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,693 | 1,423 |
| Lot Size | 15,796 | 8,597 |
| Price | $885.0K | $799.6K |
| Price per sq ft | $523 | $541 |
| Built year | 1952 | 1963 |
| HOA | $0 | $163 |
| Days on market | 39 | 54 |
Jun 13, 2026
$885,000
Initial Listing
Sep 4, 2003
$410,000
Public Record