10959 Memory Park Avenue, San Fernando, California 91345, San Fernando, 91345 - 0 bed, 0 bath
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San Fernando, California 91345
This Residential Income Duplex is listed at $925,000, positioned as a strategic asset relative to its $743,542 Fair Market Value due to significant development upside. The property maintains a Good Condition Rating following a 2025 remodel of the primary residence, featuring large-format tile and new appliances. Boasting a 5% cap rate and a 0.25-acre lot with Zoning potential for 6 units, the site offers immense value-add potential near the 118 freeway. This is a premier acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10959 Memory Park Avenue Subject | $925,000* List Price | 0 | 0 | 1,478 | $503 | - |
A 14947 14945 Chatsworth Sold | $940,000 | 0 | 0 | 2,013 | $467 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
The presence of an unpermitted third structure on the lot may present challenges with financing, insurance, and future building code compliance.
Originally built in 1924, the property may require significant capital expenditure for underlying systems like plumbing or electrical that often accompany century-old homes.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 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 | 51 | 180 | 33% |
Mar 2, 2026
$925,000
Initial Listing