
Sylmar, California 91342
This Multi-Unit Investment Property is a Strong Value Opportunity, listed at $849,950—positioned slightly above the $838,282 Fair Market Value. While the main residence maintains a Good Condition Rating, the standout feature is the newly constructed, permitted ADU with paid-off solar, offering immediate rental income potential. The property’s three-unit configuration provides exceptional flexibility for multi-generational living or high-yield leasing. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through strategic rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11454 Sunburst Street Subject | $849,950* List Price | 0 | 0 | 1,988 | $422 | - |
A 11319 Goleta Street Sold | $919,000 | 4 | 5 | 2,332 | $394 | 0.5 mi |
B 11849 Kathyann Street Sold | $890,000 | 3 | 3 | 1,848 | $482 | 0.9 mi |
C 12011 Jouett Street Active | $920,000 List Price | 5 | 3 | 2,076 | $443 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a mix of conditions: it features a brand-new, permitted ADU with high-end modern finishes, new systems, and solar (Excellent). However, the main house and the patio conversion are significantly older (1963) and dated, with some interior areas showing unfinished walls and basic plywood ceilings (Fair/Poor). The overall rating is 'Good' as the new construction adds significant value and modern utility to the multi-unit site.
The property offers three distinct living spaces, including a 3-bedroom main home, an attached junior unit, and a detached ADU, providing exceptional flexibility for multi-generational living or high rental yield.
The detached ADU is a fully permitted, ground-up build featuring high-end finishes, soaring ceilings, a built-in speaker system, and fully paid-off solar panels, offering significant value over typical garage conversions.
The entire property has been fully updated with modern aesthetics, including custom kitchens and elegant gold accents, ensuring a move-in-ready experience with minimal immediate maintenance required.
The property was recently sold within the past year on 2026-01-21. The sold price is $550,000.00.
Housing three separate units on a 6,537-square-foot lot may result in limited private outdoor space and a sense of crowding between the different living structures.
The main front residence contains only 1.5 bathrooms for three bedrooms, which may be a functional drawback for larger families or high-occupancy rental groups.
Rare opportunity to own a fully reimagined multi-unit property in the heart of Lakeview Terrace, offering 5 bedrooms and 3.5 bathrooms across three distinct living spaces — ideal for multi-generational living or generating strong rental income. The front home features 3 bedrooms and 1.5 bathrooms with comfortable, functional living space and a yard dotted with mature fruit trees, while an attached second unit (1 bed / 1 bath) — a thoughtfully converted patio area — adds flexibility for extended family, or guests. The true standout is the fully permitted, ground-up new construction ADU — this is NOT a garage conversion. Built from the foundation up, this detached 1 bed / 1 bath unit showcases modern design and premium finishes throughout, including a brand-new custom kitchen, soaring tall ceilings, recessed lighting, a built-in speaker system in every room, elegant gold accents, an open-concept closet design, new gutters, and top-to-bottom new construction details that must be seen in person. The ADU is also equipped with fully paid-off solar, adding long-term energy savings to an already exceptional package. Three units, one incredible Lakeview Terrace investment — live in one and rent the others, or house the whole family in style. Properties with a true legal, newly built ADU rarely come to market at this level.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,988 | 1,492.055 |
| Lot Size | 6,537 | 8,147.982 |
| Price | $850.0K | $801.1K |
| Price per sq ft | $428 | $543 |
| Built year | 1963 | 1960 |
| HOA | $0 | $133 |
| Days on market | 22 | 57 |
Aug 18, 2026
$849,950
Initial Listing
Jan 21, 2026
$550,000
Public Record
Feb 5, 2003
$215,000
Public Record
Jun 5, 2000
$142,500
Public Record