
Sylmar, California 91342
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well below the $932,411 Fair Market Value by 3%. This valuation gap offers $33,411 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a comprehensive rehab, but the expansive 23,026 sq. ft. lot and secondary mobile home provide immense development potential. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors looking to maximize value through ADU development or equestrian-focused upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12473 Ralston Subject | $899,000* List Price | 3 | 2 | 1,012 | $921 | - |
A 12468 Ralston Active | $1,099,000 List Price | 3 | 1 | 1,336 | $823 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953, this property shows significant signs of age with no evidence of recent major renovations. Interior features like popcorn ceilings, window AC units (suggesting a lack of modern central HVAC), and dated flooring/fixtures indicate the home is well past the 30-year renovation cycle. The listing's heavy emphasis on land value, development potential, and the need for 'updating' and 'remodeling' confirms it requires a comprehensive rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23026, living area = 1012.
Middle School: Robert Frost Middle School (9/10).
The expansive 23,000 square foot lot offers rare versatility, including equestrian use and zoning potential for multiple units or ADUs to maximize investment value.
The main residence is relatively small at approximately 1,012 square feet, which may be insufficient for buyers seeking a more spacious primary family home.
Built in 1953 and featuring a mobile home that requires updating, the property likely demands significant additional capital investment for repairs and contemporary upgrades.
Welcome home to 12473 Ralston Ave., a truly unique Sylmar property offering space, privacy, versatility, and endless possibilities! Situated on an expansive approximately 23,000 square foot lot shaded by towering pine trees, this property provides the room to bring your vision to life. The residence features 3 bedrooms, 1.5 bathrooms, and approximately 1,012 square feet of living space. Security and accessibility are standout features, with two gated entrances providing convenient access throughout the property. A drive through entry from the single car garage with double garage doors leads to a spacious secondary garage with an attached storage room. Car enthusiasts, mechanics, contractors, and business owners will appreciate the incredible potential to create a private workshop, house multiple vehicles, or securely store equipment, inventory, and fleet vehicles. For investors, the property offers exciting potential, with zoning that allows for multiple units and the possibility of creating significant additional income. The equestrian friendly neighborhood also provides an opportunity to enjoy the lifestyle of having horses on your own property, potentially eliminating the need for costly boarding fees. Whether you envision remodeling the existing home, creating a multi-generational compound, establishing a private workshop, developing additional units, or building your own equestrian retreat, this property offers a rare combination of land, flexibility, and potential. Come explore the possibilities at 12473 Ralston Ave., a truly special Sylmar property where you can turn your vision into reality.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,012 | 1,492.055 |
| Lot Size | 23,026 | 8,147.982 |
| Price | $899.0K | $801.1K |
| Price per sq ft | $888 | $543 |
| Built year | 1953 | 1960 |
| HOA | $0 | $133 |
| Days on market | 23 | 57 |
Aug 17, 2026
$899,000
Initial Listing