11138 Collett, Granada Hills, California 91344, Granada Hills, 91344 - 5 bed, 5 bath
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11138 Collett
Granada Hills, California 91344
ACTIVE
CONDITION: GOOD
5Beds
5Baths
3,700Sq Ft
7,627Lot Size
Property Price
LIST PRICE$1,479,000
EST. MARKET VALUE
$1,479,000
SUMMARY
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.
Estimated Market Value
$1,479,000
Based on Realkey algorithm analyzing recent comparable sales in Granada Hills.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11138 Collett Subject | $1,479,000* List Price | 5 | 5 | 3,700 | $400 | - |
A 10937 Whitaker Avenue Sold | $1,355,000 | 6 | 5 | 2,646 | $512 | 1.0 mi |
B 16031 Harvest Pending | $1,350,000 List Price | 5 | 3 | 3,020 | $447 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Mayall Street Elementary School (9/10). Middle School: Robert Frost Middle School (9/10). High School: West Ranch High School (10/10).
- Exceptional Income Potential
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.
- Energy Efficiency
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.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The residence requires TLC and cosmetic improvements, meaning buyers will need to invest additional capital and effort to realize the home's full potential.
- Marketing Transparency
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.
About 11138 Collett
**PRICE REPOSITIONED TO BETTER REFLECT THE PROPERTY’S SIZE, FEATURES, AND UNIQUE POTENTIAL — Exceptional Investment & Value-Add Opportunity in Granada Hills! Recently repositioned following strong buyer interest and market response, this unique property offers approximately 3,700 sq ft of living space on an approximately 7,677 sq ft lot, according to available permits. Features include a pool, spa, solar system installed in 2017 and to be paid off through escrow, and outstanding flexibility for owner-users, investors, or multi-generational living. The main residence offers approximately 2,372 sq ft with 3 bedrooms and 3 bathrooms, including 2 en-suite bedrooms, spacious living areas, formal dining, and a large kitchen. The independently accessible second floor, built in 2009, offers approximately 1,328 sq ft with its own entrance, 1 bedroom, 1 bathroom, and laundry area, with potential for guest quarters, office, or rental use. The approximately 478 sq ft garage includes a studio-style space and full bathroom, adding further possibilities. Property offers great upside but requires TLC and cosmetic improvements, making it ideal for buyers looking to add value and build equity. Pictures were enhanced using AI.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 7,627 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Granada Hills Unified Schools
Haskell Elementary School
Grades K-5 • 0.5 mi
7/10
Danube Avenue Elementary School
Grades K-5 • 0.5 mi
5/10
Tulsa Street Elementary School
Grades K-5 • 0.7 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 5.0 | 2.7 |
| Square foot | 3,700 | 1,947.941 |
| Lot Size | 7,627 | 9,367.647 |
| Price | $1.48M | $1.03M |
| Price per sq ft | $400 | $553 |
| Built year | 1955 | 1960 |
| HOA | $0 | $316 |
| Days on market | 90 | 56 |
Pricing History
Listed for Sale
Aug 4, 2026
$1,479,000
$1,099,000
+35% Price Increase
Initial Listing
Price Change
Jun 11, 2026
$1,099,000
Initial Listing
Sold
Oct 8, 2004
$630,000
Public Record
Sold
Mar 3, 2004
$421,000
Public Record