13040 Dronfield Avenue 3, Sylmar, California 91342, Sylmar, 91342 - 1 bed, 1 bath
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Sylmar, California 91342
This Sylmar Condominium represents a High-Potential Investment Opportunity with a List Price of $199,999, aligning with its $199,999 Fair Market Value. While the property carries a Poor Condition Rating requiring substantial rehabilitation, it is projected to generate a 7.86% cap rate, offering a high-yield income stream. Located in the Los Angeles Unified district across from Sylmar High and near the 9/10 rated Robert Frost Middle School, the unit benefits from consistent rental demand. This asset is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13040 Dronfield Avenue 3 Subject | $199,999* List Price | 1 | 1 | 613 | $326 | - |
A 13050 Dronfield Avenue Sold | $212,500 | 1 | 1 | 599 | $355 | 0.0 mi |
B 13050 Dronfield #9 Active | $200,000 List Price | 1 | 1 | 595 | $336 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964, this property shows significant signs of aging infrastructure and outdated finishes. The kitchen features original or very old white cabinets, dated laminate countertops, and an older electric range. The bathroom has a basic, older vanity, faucet, and tile surround that are clearly from an earlier era. Throughout the unit, there are popcorn ceilings, old dark maroon carpeting, and inefficient window AC units and wall heaters. While the property appears clean and functional, it requires substantial rehabilitation and modernization of the kitchen, bathroom, flooring, and HVAC systems to meet current quality and aesthetic standards. There is no evidence of major renovations in the past 30-50 years, aligning with the 'poor' condition criteria.
Middle School: Robert Frost Middle School (9/10).
The property offers a strong investment opportunity with a projected 7.86% cap rate based on comparable sales and rent, appealing to savvy investors.
Listed at an affordable $199,999, this condo provides an excellent entry-level option for homeownership or a budget-friendly investment.
Built in 1964, the property's age may suggest outdated systems, finishes, and potentially higher maintenance costs compared to newer constructions.
With only 613 square feet, 1 bedroom, and 1 bathroom, the unit offers limited living space, which may not suit buyers seeking more room or larger households.
A monthly association fee of $356 adds a significant recurring cost to ownership, which must be factored into a buyer's budget.
Amazing opportunity at an affordable price. Based on comparable sales and rent this condo can generate 7.86% cap rate for investors. This condo is located across the street from Sylmar Elementary, Sylmar High School and within walking distance of Foothill Blvd.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 12% |
| Baths | 1.0 | 3.0 | 12% |
| Square foot | 613 | 1,165 | 8% |
| Lot Size | - | 59,023 | 19% |
| Price | $200.0K | $497.5K | 8% |
| Price per sq ft | $326 | $411 | 15% |
| Built year | 1964 | 1985 | 8% |
| HOA | $356.0 | $380 | 31% |
| Days on market | 165 | 198 | 27% |
Jan 30, 2026
$199,999
$219,950
-9% Price Drop
Initial Listing
Nov 8, 2025
$219,950
Initial Listing