12204 Gerald Avenue, Granada Hills, California 91344, Granada Hills, 91344 - 3 bed, 2 bath
12204 Gerald Avenue
Granada Hills, California 91344
Property Price
SUMMARY
Analysis of 12204 Gerald Avenue, Granada Hills, California 91344 reveals a Prime Investment Opportunity with a current list price of $1,099,990—significantly undercutting the $1,159,237 Fair Market Value by 5%. This valuation gap indicates a +$59,247 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Granada Hills Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12204 Gerald Avenue Subject | $1,099,990* List Price | 3 | 2 | 1,830 | $633 | - |
A 11930 Woodley Sold | $1,200,000 | 4 | 2 | 1,936 | $620 | 0.5 mi |
B 12023 Monogram Sold | $1,055,000 | 3 | 2 | 1,600 | $659 | 0.2 mi |
C 12670 Jimeno Avenue Sold | $1,175,000 | 4 | 2 | 1,993 | $590 | 0.9 mi |
D 12719 Jimeno Avenue Sold | $1,250,000 | 4 | 2 | 2,077 | $602 | 1.0 mi |
E 11901 Cameo Place Active | $1,099,000 List Price | 3 | 2 | 1,421 | $773 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1961, this property has undergone significant and recent renovations in key areas. The kitchen features modern stainless steel appliances, solid surface countertops, and a contemporary farmhouse sink, making it highly functional and aesthetically pleasing. Both bathrooms have been extensively updated with modern vanities, stylish tiling, and updated fixtures, appearing virtually new. Bedrooms have updated wood-look laminate flooring. While some elements like the main living area's tile flooring and a few light fixtures are not brand new, the major systems (central heating and AC) are present, and the most critical areas of the home are move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for an extensively renovated older property.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14896, living area = 1830.
- Great Schools
Elementary School: Mayall Street Elementary School (9/10). Middle School: Robert Frost Middle School (9/10). High School: West Ranch High School (10/10).
- Desirable Corner Lot
Situated on a desirable corner lot, offering enhanced privacy, curb appeal, and potentially more outdoor space.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1961, the home may have original systems (plumbing, electrical) or structural components that could require future maintenance or upgrades.
- Potential for Interior Modernization
While the kitchen is described as 'bright,' the description does not detail comprehensive recent renovations to bathrooms or other living areas, suggesting potential for buyer-desired updates.
- High Price Point for Age
The list price of nearly $1.1 million for a 1961-built home, without explicit mention of extensive recent upgrades, might be perceived as high by some buyers anticipating further investment for modernization.
About 12204 Gerald Avenue
Welcome to this inviting 3 bedroom, 2 bathroom home offering comfort, convenience, and classic appeal. Situated on a desirable corner lot, this property features a spacious family room with a cozy fireplace, perfect for relaxing or entertaining. The bright kitchen includes a dining area and connects to a separate formal dining room, ideal for gatherings. Enjoy year-round comfort with central heating and air conditioning. The home also includes a laundry area for added practicality and a rear porch where you can unwind and take in the beautiful city lights view. Additional highlights include a 2-car attached garage, RV access or parking, and well-maintained outdoor space. This property offers the perfect combination of function, charm, and location, a wonderful place to call home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 14,896 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Granada Hills Unified Schools
Danube Avenue Elementary School
Grades K-5 • 1.5 mi
Tulsa Street Elementary School
Grades K-5 • 1.6 mi
El Dorado Avenue Elementary School
Grades K-5 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 37% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,830 | 1,936 | 43% |
| Lot Size | 14,896 | 8,482 | 82% |
| Price | $1.10M | $1.05M | 53% |
| Price per sq ft | $601 | $562 | 65% |
| Built year | 1961 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 163 | 5% |
Pricing History
Listed for Sale
Jan 7, 2026
$1,099,990
Initial Listing
Sold
Sep 28, 2021
$1,065,000
Public Record
Sold
Sep 1, 2005
$699,000
Public Record