
Valley Glen, California 91401
This Income-Generating Multi-Unit Asset represents a High-Potential Investment Opportunity with a List Price of $1,539,000—positioned well below the $1,598,585 Fair Market Value by 3%. This valuation gap offers $59,585 in Instant Equity. Featuring an Excellent Condition Rating with a 2023 renovation and a brand-new 2025 residence, the property delivers $7,850 in monthly gross income. The initiated SB-9 lot split process provides a clear path to a high-margin exit strategy. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13831 Bessemer Subject | $1,509,000* List Price | 6 | 4 | 2,506 | $614 | - |
A 5732 Mammoth Avenue Sold | $1,599,000 | 4 | 3 | 2,321 | $689 | 0.5 mi |
B 5711 Colbath Avenue Sold | $1,496,000 | 4 | 2 | 2,183 | $685 | 0.5 mi |
C 6151 Atoll Avenue Sold | $1,740,000 | 5 | 5 | 3,104 | $561 | 0.8 mi |
D 5914 Colbath Avenue Pending | $1,449,950 List Price | 4 | 3 | 2,050 | $707 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features two residences: a front house fully renovated in 2023 and a brand-new back house built in 2025. Both units showcase high-end modern finishes, including quartz countertops with waterfall edges, stainless steel appliances, contemporary cabinetry, updated flooring, and designer light fixtures, meeting the criteria for a recently built and extensively renovated property with no deferred maintenance.
The property generates a substantial monthly gross income of $7,850 from two separate units, offering immediate positive cash flow and a strong cap rate for investors.
With the SB-9 process already initiated and surveying complete, there is a significant opportunity to legally split the lot and sell each home individually for a projected total value of up to $2 million.
The asset features a 2023 renovated front home and a brand-new 2025 back house, minimizing immediate capital expenditure requirements for maintenance or upgrades.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2506, other record living area = 1306. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
Both residences are occupied by tenants with leases extending into 2026 and 2027, which may deter buyers looking for immediate owner-occupancy or flexibility in management.
Although the SB-9 process has started, it is not yet finalized, requiring the buyer to navigate the remaining municipal approvals and submittals to achieve the lot split.
Attention Investors!!. Two houses on one lot. Owner started the SB-9 process and did all the surveying and pending final submital, once approved each house can be sold seperately. Each can sell for more than $950k generating a total of 1.9-2mil. Front House was rennovated in 2023. It's currently rented long term for $3850 until 3/2027. Back house was built in 2025 and is rented for $4000 until 7/2026 Each has its own yard and seperate entrance. Live in the brand new one and rent the other or rent both and enjoy a ValleyGlen property that generates a positive cash flow. Finish the SB-9 and generate a huge profit in a few months.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 97% |
| Baths | 4.0 | 3.0 | 85% |
| Square foot | 2,506 | 1,884 | 80% |
| Lot Size | 6,753 | 6,752 | 51% |
| Price | $1.51M | $1.33M | 71% |
| Price per sq ft | $602 | $727 | 20% |
| Built year | 1951 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 174 | 2% |
Apr 14, 2026
$1,509,000
$1,519,000
-1% Price Drop
Initial Listing
Apr 8, 2026
$1,519,000
$1,534,000
-1% Price Drop
Initial Listing
Apr 1, 2026
$1,534,000
$1,539,000
+0% Price Increase
Initial Listing
Mar 24, 2026
$1,539,000
Initial Listing
Jun 6, 2023
$911,000
Public Record
May 27, 2022
$825,000
Public Record