12306 El Oro Way, Granada Hills, California 91344, Granada Hills, 91344 - 5 bed, 4 bath
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Granada Hills, California 91344
This Duplex-Zoned Asset presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned above the $1,129,499 Fair Market Value. While priced at a premium, the property offers significant upside through its 15,958 sqft lot and Duplex Zoning, allowing for ADU expansion or parcel splitting. With a Condition Rating of 5, the structures require modernization, yet the dual-unit configuration provides immediate rental income potential. Located near Top-Rated Schools like Robert Frost Middle, this is an ideal acquisition for Buy-and-Hold Investors or Developers seeking long-term value-add.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12306 El Oro Way Subject | $1,200,000* List Price | 5 | 4 | 2,267 | $498 | - |
A 17068 Westbury Sold | $1,025,000 | 4 | 3 | 2,038 | $503 | 0.3 mi |
B 12729 Jolette Avenue Sold | $1,050,000 | 4 | 3 | 2,038 | $515 | 0.5 mi |
C 12289 Woodley Sold | $975,000 | 3 | 2 | 1,710 | $570 | 0.7 mi |
D 16711 Knollwood Sold | $1,550,000 | 3 | 3 | 2,790 | $556 | 0.6 mi |
E 12324 Jolette Pending | $875,000 List Price | 4 | 2 | 2,110 | $415 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property consists of two dwellings built in 1961 and 1986 that appear to have mostly original finishes, including dated wood paneling, aged cabinetry, and old linoleum/carpet. The listing explicitly mentions 'value-add' and 'redevelopment potential,' and the inclusion of a 'Digitally Altered Image' for the kitchen confirms the actual condition requires a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15958, living area = 2267.
Elementary School: Mayall Street Elementary School (9/10). Middle School: Robert Frost Middle School (9/10). High School: West Ranch High School (10/10).
The property features two distinct residences with separate addresses and independent utility meters, providing immediate rental income potential or a perfect setup for multi-generational living.
The front residence was built in 1961 and may require significant modernization or system upgrades to match the appeal and efficiency of the newer 1986 rear unit.
Maximizing the property's 'value-add' potential through parcel splitting or further construction requires navigating city permits and verification, which may be a hurdle for non-developers.
Unlock the possibilities with this rare duplex-zoned property in the heart of Granada Hills, offering two separate addresses--12306 and 12308 El Oro--each with its own utility meters, private entrance, and generous backyard. Whether you're an investor seeking strong value-add potential, a developer looking to maximize the site, or an owner-occupant interested in offsetting expenses with rental income, this unique property presents a wealth of opportunities.The front residence, 12306 El Oro, was built in 1961 and features 3 bedrooms, 1.5 bathrooms, a spacious backyard, and an attached two-car garage.The rear residence, 12308 El Oro, was built in 1986 and offers 2 bedrooms plus a bonus room, 2 bathrooms, soaring ceilings, and a cozy fireplace, creating a bright and inviting living space.With duplex zoning, separate meters, and two distinct addresses already in place, the possibilities are exceptional. Explore the potential to split the parcel (buyer to verify with the city), sell the homes individually, add ADUs to each residence, or create a multi-generational living arrangement with room to grow. Large private yards provide additional flexibility for future expansion while maintaining outdoor space.Properties offering this combination of existing improvements, separate infrastructure, and redevelopment potential rarely become available. Conveniently located near shopping, dining, parks, schools, and freeway access, this is a standout investment opportunity in one of Granada Hills' most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades K-5 • 2.2 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,267 | 2,038 |
| Lot Size | 15,958 | 8,045 |
| Price | $1.20M | $1.07M |
| Price per sq ft | $529 | $561 |
| Built year | 1961 | 1960 |
| HOA | $0 | $0 |
| Days on market | 5 | 49 |
Jul 17, 2026
$1,200,000
Initial Listing