11138 Collett, Granada Hills, California 91344, Granada Hills, 91344 - 5 bed, 5 bath
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Granada Hills, California 91344
This Versatile Multi-Unit Asset is a Strong Value Opportunity, listed at $1,099,000—positioned well below the $1,185,707 Fair Market Value by 7%. This valuation gap offers $86,707 in Instant Equity. Featuring a 3,700 sqft layout with a pool, spa, and paid-off solar, the property maintains a Good Condition Rating. With its independent second-floor unit and garage studio, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking income-producing potential near top-rated schools like Mayall Street Elementary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11138 Collett Subject | $1,099,000* List Price | 5 | 5 | 3,700 | $309 | - |
A 15850 Kalisher Street Pending | $995,000 List Price | 5 | 5 | 3,327 | $299 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a significant 1,328 sqft addition and renovation in 2009 (15 years ago), which includes a functional kitchen with granite counters and stainless appliances. Systems are bolstered by a 2017 solar installation. While the listing notes a need for cosmetic TLC and uses AI-enhanced imagery, the 2009 structural and system updates place it within the 5-15 year renovation window for a 'Good' rating.
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 main residence plus an independently accessible 1,328 sqft second floor and a garage studio, offering rare versatility for ADU/JADU conversions or multi-generational living.
The home includes a solar panel system that will be fully paid off at the close of escrow, providing the new owner with immediate utility savings and increased property value.
The residence requires TLC and cosmetic improvements, meaning buyers will need to invest additional capital and effort to realize the home's full potential.
The use of AI-enhanced photos may mask the true current condition of the property, potentially leading to a discrepancy between online expectations and physical viewings.
***11138 Collett Ave, Granada Hills, CA 91344 ***OPEN HOUSE SATURDAY JULY 25 FROM 1 PM TO 5 PM *** Exceptional Investment & Value-Add Opportunity!! Opportunities like this are rare in one of Granada Hills' most sought-after neighborhoods. Featuring a pool, spa, paid-off solar panels at closing, tremendous flexibility, and significant income-producing potential, this unique property sits on an approximately 7,677-square-foot lot and offers approximately 3,700 square feet of living space according to available permits. Whether you're an investor seeking multiple income opportunities, a multi-generational family in need of additional living space, or an owner-user looking to maximize long-term value, this property delivers exceptional versatility. The solar system, installed in 2017 and scheduled to be paid off through escrow, provides immediate energy savings and enhances the property's overall value, making this a truly compelling opportunity in today's market. The main residence offers approximately 2,372 square feet with 3 bedrooms and 3 bathrooms, including two en-suite bedrooms, a spacious kitchen, formal dining area, large family room, and generous living room. What truly sets this property apart is the independently accessible second floor, built in 2009, offering approximately 1,328 square feet with its own entrance, 1 bedroom, 1 bathroom, laundry area, and tremendous potential for an ADU, guest quarters, executive home office, or income-producing rental unit (buyer to verify all possibilities). Opportunities like this are increasingly difficult to find in today's market. Adding even more upside, the approximately 478-square-foot garage includes a studio-style space and a full bathroom, creating potential Junior ADU possibilities and additional value-add opportunities. Complete with a sparkling pool and spa, highly rated schools, and a prime Granada Hills location, this property offers multiple paths for future appreciation, rental income, multi-generational living, or owner occupancy. Whether you're an investor seeking strong upside potential or a homeowner looking for flexibility and future income opportunities, 11138 Collett Ave is a property you do not want to miss. The property does require some TLC and cosmetic improvements, making it an ideal opportunity for buyers looking to add value and build equity. Pictures were enhanced using AI.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,700 | 2,038 |
| Lot Size | 7,627 | 8,045 |
| Price | $1.10M | $1.07M |
| Price per sq ft | $297 | $561 |
| Built year | 1955 | 1960 |
| HOA | $0 | $0 |
| Days on market | 41 | 49 |
Jun 11, 2026
$1,099,000
Initial Listing
Oct 8, 2004
$630,000
Public Record
Mar 3, 2004
$421,000
Public Record