10959 Memory Park Avenue, San Fernando, California 91345, San Fernando, 91345 - bed, bath
10959 Memory Park Avenue
San Fernando, California 91345
Property Price
SUMMARY
Analysis of 10959 Memory Park Avenue, San Fernando, California 91345 is currently available with a list price of $925,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Fernando Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The main residence is move-in ready following a 2025 remodel that included modern large-format tile flooring, recessed lighting, and brand-new stainless steel appliances. While the interior of the primary unit is in excellent condition, the overall property is rated 'good' because the major mechanical systems (A/C and water heater) are approximately 12 years old, and the lot includes an unpermitted third structure and a secondary unit that does not share the same level of recent extensive renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The expansive quarter-acre lot offers a rare opportunity for investors to potentially expand the property to up to six units, providing substantial long-term value appreciation.
- Turnkey Main Residence
The primary 2-bedroom home has been recently remodeled with modern finishes, including large format tile flooring, recessed lighting, and brand-new appliances installed in late 2025.
- Strong Investment Fundamentals
Boasting a 5% cap rate and a prime location near the 118 freeway, this duplex provides immediate cash flow and high rental demand for owner-operators or seasoned investors.
CONSRISKS & DEFICIENCIES
- Unpermitted Structure
The presence of an unpermitted third structure on the lot may present challenges with financing, insurance, and future building code compliance.
- Aging Infrastructure
Originally built in 1924, the property may require significant capital expenditure for underlying systems like plumbing or electrical that often accompany century-old homes.
About 10959 Memory Park Avenue
RARE opportunity to secure a DUPLEX in Mission Hills near the 118 FWY on a QUARTER ACRE LOT. This lot size allows for the possibility for up to 6 units on the property per seller (buyer to verify). HUGE upside for investors or owner/operators. List price reflects a current 5% cap rate (per management company). Main home is a 2 bed 1 bath, recently remodeled. Updates include large format tile flooring, recessed lighting, newer appliances (installed October 31st, 2025). Second structure is a 1 bed 1 bath. There is a third structure that is unpermitted, as well as a detached 1-car garage. Water heater and A/C were updated in 2014. Come see while it’s available!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1924
- Lot Size
- 10,806 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,478 | 1,478 | 50% |
| Lot Size | 10,806 | 10,806 | 50% |
| Price | $925.0K | $925.0K | 50% |
| Price per sq ft | $626 | $467 | 67% |
| Built year | 1924 | 1952 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 133 | 33% |
Pricing History
Listed for Sale
Mar 2, 2026
$925,000
Initial Listing