11575 Eldridge, Sylmar, California 91342, Sylmar, 91342 - 3 bed, 2 bath
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Sylmar, California 91342
This property presents a Strong Value Opportunity with a List Price of $1,050,000—positioned well below the $1,141,717 Fair Market Value by 8%. This valuation gap offers $91,717 in Instant Equity for buyers. Featuring a Fair Condition Rating (5/10), the home requires significant modernization, yet the 19,246 sqft lot and LARE11 Zoning provide exceptional development potential. With mountain views and a circular driveway, this is a high-reward acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11575 Eldridge Subject | $1,050,000* List Price | 3 | 2 | 1,937 | $589 | - |
A 11357 Orcas Avenue Sold | $1,080,000 | 3 | 3 | 1,744 | $619 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 (76 years old) with no mentioned renovations, the property shows significant deferred maintenance including neglected landscaping and a weathered exterior. The listing's focus on 'potential' and zoning possibilities, combined with the 'do not disturb occupants' note, indicates a likely outdated interior and systems requiring a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19246, living area = 1937.
The property sits on nearly half an acre (19,246 sqft), offering rare and significant outdoor space with substantial room for expansion, landscaping, or the addition of an ADU.
With LARE11 zoning and a prominent corner lot location, this property provides versatile possibilities for developers or investors to maximize the land's utility.
The garage has been converted into an additional room, which may not be permitted and results in the loss of traditional covered parking and storage space.
Built in 1950 and marketed as having 'lots of potential,' the property likely requires significant modernization and capital investment to address aging systems and finishes.
FAMILY HOME ON CORNER LOT * 3 BEDROOMS, 2 BATHS * CIRCULAR DRIVEWAY * LOT IS ALMOST HALF AN ACRE * LARE11 ZONING HAS LOTS OF POSSIBILITIES * PROPERTY HAS LOTS OF POTENTIAL * DO NOT DISTURB THE OCCUPANTS * GARAGE HAS BEEN CONVERTED INTO AN ADDITIONAL ROOM. BUYER(S) TO VERIFY ALL ASPECTS OF THIS PROPERTY.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,937 | 1,587.5 | 75% |
| Lot Size | 19,246 | 7,994.5 | 84% |
| Price | $1.05M | $820.0K | 86% |
| Price per sq ft | $542 | $530 | 51% |
| Built year | 1950 | 1961 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 159 | 1% |
May 15, 2026
$1,050,000
Initial Listing