11542 Encino Avenue, Granada Hills, California 91344, Granada Hills, 91344 - 5 bed, 3 bath
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Granada Hills, California 91344
This Prime Development Opportunity is listed at $1,800,000, representing a high-upside Value-Add Asset in a prestigious Granada Hills cul-de-sac. While the automated Fair Market Value of the existing structure is $1,431,555, the price reflects the significant value of RTI plans for a 7,000 sqft contemporary estate. With a Condition Rating of 6, the property offers an expansive 17,887 sqft lot featuring Panoramic City Views, a pool, and a poolside ADU. Located near the 9/10 rated Robert Frost Middle School, this project is ideal for Developers or Luxury Custom Home Builders.
Property is land value only, full reconstruction required.
The property was built in 1964, making it 60 years old. The listing explicitly states it's a 'development opportunity' with 'RTI plans... to replace the current... home' with a new 7,000 sqft structure. The images provided are renderings of the proposed new construction, not the existing house. This indicates the current structure is considered obsolete and is intended for demolition, with the property's value lying in the land and redevelopment potential.
The property comes with 'RTI plans ready for issue' for a stunning 7,000 sqft, 3-story, 5-bedroom, 5.5-bathroom contemporary home, significantly streamlining and de-risking the development process.
A generous 17,887 sqft (approx. 0.41 acre) lot provides ample space for a large luxury residence, a poolside ADU, and extensive outdoor living areas in a desirable neighborhood.
Situated on a quiet cul-de-sac in one of Granada Hills' best neighborhoods, offering enhanced privacy, tranquility, and a prestigious address.
Beyond the purchase price, the buyer must be prepared for a significant financial outlay for the construction of the 7,000 sqft luxury home, which will be a multi-million dollar project.
The buyer will need to undertake and manage a large-scale construction project, requiring considerable time, effort, and expertise in overseeing contractors and adhering to timelines.
The current 1964 home is slated for replacement, necessitating demolition costs and the inconvenience of not having an immediate move-in ready residence.
Wonderful development opportunity on a quiet cul-de-sac on a prime 18,000 sf lot in one of Granada Hills' best neighborhoods. RTI plans are ready for issue to replace the current 2,264 sf single-story home with a stunning 7,000 sf, 3-story, 5-bedroom, 5 1/2-bathroom contemporary home that includes a basement, elevator, balconies, and stunning poolside ADU.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 1.8 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 82% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 2,264 | 1,926 | 73% |
| Lot Size | 17,887 | 8,402 | 87% |
| Price | $1.80M | $1.08M | 97% |
| Price per sq ft | $795 | $565 | 98% |
| Built year | 1964 | 1960 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 244 | 155 | 87% |
Aug 21, 2025
$1,800,000
Initial Listing