
Sylmar, California 91342
This Value-Add Residential Asset is listed at $799,000, representing a stable entry point at its $799,000 Fair Market Value. While the property features a solar system and newer roof, the interior carries a Condition Rating of 5, necessitating a comprehensive rehabilitation to address outdated systems and finishes. Spanning 1,941 square feet with a City Lights view, the layout provides a substantial canvas for forced appreciation. Located in the Los Angeles Unified district, this is a prime acquisition for Fix-and-Flip Investors or Contractors targeting a high-upside project.
Property is extensive renovation needed.
Built in 1965, this property features a significantly outdated interior. The kitchen has older white appliances, dated cabinets, and fluorescent lighting. Both bathrooms exhibit older vanities, basic tiled shower/tub combos, and dated light fixtures. The presence of multiple window AC units suggests a lack of central cooling, which is a major system deficiency requiring substantial investment. While the listing mentions a 'newer roof' and 'solar system,' these exterior updates do not offset the extensive interior rehabilitation needed to bring the property to modern standards of comfort and style. The home is functional but very uncomfortable and outdated, requiring substantial repairs and rehabilitation.
The property boasts a solar system and a newer roof, significantly reducing energy costs and future maintenance expenses for the buyer.
With a recent price reduction from $850,000 to $799,000 and a listing price 4% below the estimated value, coupled with a 'motivated and able Seller,' this property presents a compelling purchase opportunity.
Described as a 'fantastic location' with 'City Lights' views, enhancing the property's appeal and potential for appreciation.
While the roof is newer, the 1965 build year suggests that other core systems (e.g., plumbing, electrical, HVAC) may be original or older, potentially requiring significant updates in the near future.
The description highlights exterior upgrades but is silent on interior renovations, implying that the home may feature dated finishes or require cosmetic updates to meet modern buyer expectations.
The property description is general and does not mention specific modern amenities such as central air conditioning (crucial in Sylmar's climate), updated kitchens/baths, or other features that could enhance its marketability.
Thank you for showing our spacious 3 bedroom house. This is a great Home with solar system, newer roof and a fantastic location for you to enjoy. We have motivate, and able Seller to close escrow. If you are looking for a 10+ , location , this is your new home.
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 | 1,941 | 1,597.5 | 75% |
| Lot Size | 7,508 | 8,049 | 37% |
| Price | $799.0K | $825.0K | 34% |
| Price per sq ft | $412 | $529 | 16% |
| Built year | 1965 | 1962 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 210 | 167 | 71% |
Nov 1, 2025
$799,000
$850,000
-6% Price Drop
Initial Listing
Sep 24, 2025
$850,000
Initial Listing