
Granada Hills, California 91344
This Multi-Generational Residential Asset is a High-Potential Investment Opportunity, listed at $869,990—positioned above the $740,235 Fair Market Value. While priced above current estimates, the property offers significant income-generating utility through its permitted 705-square-foot ADU and 35-panel Tesla solar system. Featuring a Condition Rating of 3, the home includes a private swimming pool and covered patio. Located near top-rated schools like Mayall Street Elementary and Robert Frost Middle, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking flexible rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11116 Woodley Subject | $869,990* List Price | 4 | 4 | 2,005 | $369 | - |
A 11018 Woodley Sold | $800,000 | 4 | 2 | 1,765 | $453 | 0.1 mi |
B 11142 Gaynor Sold | $795,000 | 4 | 2 | 1,779 | $447 | 0.2 mi |
C 16646 Tribune Street Sold | $999,000 | 4 | 3 | 2,089 | $478 | 0.8 mi |
D 16319 Minnehaha Sold | $860,000 | 5 | 3 | 1,839 | $468 | 0.9 mi |
E 16500 Kalisher Street Sold | $800,000 | 5 | 2 | 1,937 | $413 | 0.5 mi |
F 16455 Ludlow Street Sold | $815,000 | 4 | 2 | 1,631 | $500 | 0.4 mi |
G 10944 Haskell Avenue Sold | $894,950 | 4 | 2 | 1,632 | $548 | 0.5 mi |
H 16308 Bermuda Street Sold | $940,000 | 3 | 2 | 1,904 | $494 | 0.5 mi |
I 11214 Woodley Pending | $905,000 List Price | 4 | 2 | 1,736 | $521 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the main structure dates to 1955, the property is well-maintained with significant recent upgrades including a new roof (2020), updated plumbing, and a fully permitted ADU completed in 2020. The main kitchen features granite countertops and the ADU offers modern finishes; however, the main house requires minor cosmetic updates and the pool deck shows visible cracking.
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 property features a permitted 705-square-foot ADU built in 2020 with two separate living spaces, offering significant rental income potential or a perfect setup for multi-generational living.
Key structural updates include a newer roof installed in 2020 and updated plumbing, reducing the immediate need for major capital expenditures on essential systems.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2005, other record living area = 2059.
The main residence needs cosmetic improvements to modernize the interior, which may require additional budget and effort from the buyer to reach its full aesthetic potential.
The 35-panel Tesla solar system is currently on a month-to-month rental agreement, creating an ongoing monthly expense that the buyer must either assume or negotiate to remove.
Welcome to an exceptional opportunity in Granada Hills! This versatile property features two permitted residences with separate addresses—11116 and 11118 Woodley Avenue—offering an ideal setup for multi-generational living, extended family, or potential rental income. The main residence offers approximately 1,300 square feet with 3 bedrooms and 2 bathrooms, featuring a thoughtfully designed floor plan that combines comfort and functionality. The spacious living room is highlighted by a cozy fireplace and recessed lighting, laminate flooring while the generously sized kitchen features granite countertops and ample space for everyday living and entertaining. Step outside to enjoy the private swimming pool and inviting backyard, complete with a covered patio and grassy area—perfect for relaxing, entertaining, or outdoor gatherings. Additional improvements include a newer roof installed in 2020 and updated plumbing. A gas line is also located near the pool, offering the potential to install a pool heating system. The property could benefit from some cosmetic updating, providing an excellent opportunity for a buyer to personalize the home to their own style and preferences. The property is equipped with a 35-panel Tesla solar system currently rented on a month-to-month basis for approximately $195 per month. Seller indicates that removal may be requested if the buyer prefers not to continue the solar arrangement. Buyer is advised to independently verify all terms and options directly with the solar provider. Adding tremendous value and flexibility is the private, permitted ADU located at 11118 Woodley Avenue, completed in late 2020. The approximately 705-square-foot ADU is currently configured as two separate living spaces. One is currently rented for $1,500 per month, while the second is expected to be delivered vacant and was previously rented for $1,600 per month. The ADU also features its own private entrance and gated backyard area, creating a private and independent living environment. Ideally situated in an established Granada Hills neighborhood near Target, Trader Joe’s, Granada Hills Charter High School, restaurants, parks, scenic hiking trails, shopping, and convenient freeway access. This unique property offers an outstanding combination of space, privacy, income potential, flexibility, and location—an excellent opportunity for owner-users, multi-generational households, or buyers seeking additional rental income potential.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 2.7 |
| Square foot | 2,005 | 1,947.941 |
| Lot Size | 7,490 | 9,367.647 |
| Price | $870.0K | $1.03M |
| Price per sq ft | $434 | $553 |
| Built year | 1955 | 1960 |
| HOA | $0 | $316 |
| Days on market | 7 | 56 |
Sep 2, 2026
$869,990
Initial Listing
Aug 30, 2019
$655,000
Public Record
Jun 18, 2014
$410,000
Public Record
Aug 18, 2008
$325,000
Public Record