12159 Hoyt Street, Sylmar, California 91342, Sylmar, 91342 - 3 bed, 2 bath
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Sylmar, California 91342
This Value-Add Residential Property is listed at $699,000—positioned below the $710,668 Fair Market Value by 1%. This valuation gap offers $11,668 in Instant Equity. Carrying a Condition Rating of 4, the home is functional but dated, featuring a converted garage that adds a bedroom and bathroom for multigenerational living or rental potential. Situated on a 6,945 Sq Ft Lot with a private patio within the Los Angeles Unified district, it offers significant forced appreciation potential. This is an ideal acquisition for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12159 Hoyt Street Subject | $699,000* List Price | 3 | 2 | 1,188 | $598 | - |
A 11523 Vanport Avenue Sold | $747,500 | 3 | 2 | 1,350 | $554 | 0.4 mi |
B 11374 Hela Avenue Sold | $740,000 | 3 | 2 | 1,128 | $656 | 0.9 mi |
C 11377 Gladstone Ave Sold | $720,000 | 3 | 3 | 1,456 | $495 | 0.5 mi |
D 11625 Hunnewell Pending | $819,900 List Price | 3 | 2 | 1,188 | $690 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the home is well-maintained and functional but shows clear signs of being outdated. While it features some newer stainless steel appliances and updated tile and laminate flooring, the kitchen cabinetry and bathrooms reflect older styles. The property is move-in ready but requires cosmetic updates and potential system modernizations to meet current standards, fitting the criteria for a home maintained through regular upkeep but showing its age.
The garage has been converted into a functional living area with an additional bedroom and bathroom, offering excellent potential for multigenerational living or rental income.
With nearly 7,000 square feet of land, the property provides expansive front and backyard space, ideal for gardening, entertaining, or future structural additions.
Priced competitively for the Sylmar market, this property represents a strong opportunity for buyers to build sweat equity and modernize a home with significant 'fixer' potential.
The listing explicitly requires the buyer to verify permits for the garage conversion and square footage, which could present challenges for traditional financing or future resale.
Built in 1961 and marketed as an 'opportunity,' the home likely requires significant updates to its original systems and cosmetic finishes to meet modern standards.
Opportunity meets potential with this 3-bedroom, 2-bath home priced competitively! Nestled on a generous lot with expansive front and backyard space, this property is perfect for entertaining, gardening, or future additions.The garage has been converted into a functional living space featuring an additional bedroom and bathroom, offering flexibility for multigenerational living, in-law quarters, or additional income potential.Whether you're looking to create your dream home or invest in a property with upside, this is one you don't want to miss.Buyer to verify all information including permits and square footage.
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 | 1,188 | 1,594 | 23% |
| Lot Size | 6,945 | 8,036 | 24% |
| Price | $699.0K | $825.0K | 12% |
| Price per sq ft | $588 | $530 | 61% |
| Built year | 1961 | 1962 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 167 | 1% |
Apr 1, 2026
$699,000
Initial Listing
Oct 26, 2004
$385,000
Public Record