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15952 Simonds, Granada Hills, California 91344, Granada Hills, 91344 - 4 bed, 2 bath

15952 Simonds, Granada Hills, California 91344 home-pic-0
ACTIVE$1,649,999$2,950/sqft
Est. Value: $1,602,365
-2%
FairlyEstimate
15952 Simonds, Granada Hills, California 91344
4Beds
2Baths
2,950Sqft
8,387Lot

Price Vs. Estimate

The estimated value ($1,602,364.775) is $47,634.225 (2%) lower than the list price ($1,649,999). This property may be overpriced.

Key pros and cons

Top Pros:
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).
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2950, other record living area = 1305.

Compared to the nearby listings

Price:$1.65M vs avg $1.04M (+$609,999)94%
Size:2,950 sqft vs avg 1,912 sqft90%
Price/sqft:$559 vs avg $56148%

More Insights

Built in 1955 (71 years old).
Condition: The property, including the main residence and two ADUs, is described as 'newly remodeled' or 'newly built.' The images of the ADUs confirm this with modern, high-quality finishes throughout, including new white shaker cabinets, stainless steel appliances, light wood-look flooring, recessed lighting, and contemporary bathrooms with glass shower enclosures and rain shower heads. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Year Built
1955
Close
-
List price
$1.65M
Original List price
$1.7M
Price/Sqft
$559
HOA
-
Days on market
-
Sold On
-
MLS number
GD25279547
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Exceptional investment opportunity in the heart of Granada Hills! This newly remodeled single-family residence is accompanied by two ADUs, offering incredible income potential and flexibility for owner-users or investors alike. The main residence, 15952 Simonds St, features approximately 1,200 sq ft with 3 bedrooms and 1.5 bathrooms, thoughtfully updated and currently tenant-occupied on a month-to-month basis. The attached Jr. ADU (15950 Simonds St) offers approximately 550 sq ft, featuring 1 bedroom and 1 bathroom, newly built and vacant at time of listing, ideal for rental income or extended family. The detached ADU (15954 Simonds St) is a standout, offering approximately 1,200 sq ft with 3 bedrooms and 2 bathrooms, newly constructed and vacant with high ceilings, providing modern finishes, privacy, and excellent rental appeal. With all units newly remodeled or newly built, this property delivers strong cash-flow potential, multiple income streams, and long-term value in a desirable Granada Hills location close to schools, shopping, dining, and freeway access. A rare opportunity to own a turn-key multi-unit property on one lot—perfect for investors, 1031 buyers, or owner-occupants looking to offset their mortgage with rental income.

M
Michael Zargarian
Listing Agent

Nearby schools

5/10
Danube Avenue Elementary School
Public,•K-5•0.3mi
7/10
Haskell Elementary School
Public,•K-5•0.6mi
6/10
Tulsa Street Elementary School
Public,•K-5•0.9mi
9/10
Vintage Math/Science/Technology Magnet School
Public,•K-5•1.6mi
9/10
Mayall Street Elementary School
Public,•K-5•1.8mi
3/10
El Dorado Avenue Elementary School
Public,•K-5•1.9mi
7/10
Andasol Avenue Elementary School
Public,•K-5•2.5mi
4/10
Herrick Avenue Elementary School
Public,•K-5•2.8mi
6/10
Wiley Canyon Elementary School
Public,•K-6•8.2mi
7/10
George K. Porter Middle School
Public,•6-8•0.9mi
5/10
Patrick Henry Middle School
Public,•6-8•2.1mi
9/10
Robert Frost Middle School
Public,•6-8•2.1mi
4/10
Olive Vista Middle School
Public,•6-8•3.0mi
9/10
Rancho Pico Junior High School
Public,•7-8•10.9mi
6/10
John F. Kennedy High School
Public,•9-12•0.5mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•1.7mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•1.7mi
7/10
Northridge Academy High
Public,•9-12•3.3mi
10/10
West Ranch High School
Public,•9-12•11.0mi

Price History

Date
Event
Price
03/07/24
Sold
$828,000
04/01/05
Sold
$477,000
Condition Rating
Excellent
The property, including the main residence and two ADUs, is described as 'newly remodeled' or 'newly built.' The images of the ADUs confirm this with modern, high-quality finishes throughout, including new white shaker cabinets, stainless steel appliances, light wood-look flooring, recessed lighting, and contemporary bathrooms with glass shower enclosures and rain shower heads. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

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).
Exceptional Income Potential: The property features a main residence, a Jr. ADU, and a detached ADU, providing three distinct rental units and significant cash flow opportunities for investors or owner-occupants.
Turn-Key & Modern Condition: All units are either newly remodeled or newly constructed with modern finishes, minimizing immediate renovation or maintenance costs for the buyer.
Versatile Investment Opportunity: Ideal for a wide range of buyers including investors seeking multiple income streams, 1031 exchange buyers, or owner-occupants looking to leverage rental income to offset mortgage payments.
Desirable Granada Hills Location: Situated in a sought-after area with convenient access to schools, shopping, dining, and major freeways, enhancing rental appeal and long-term value.
Significant Value Addition: The property has undergone substantial renovations and ADU additions, evidenced by the significant increase in value since its recent sale in March 2024, indicating strong market demand and investment return.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2950, other record living area = 1305.
Main Residence Tenant Occupancy: The main residence is currently tenant-occupied on a month-to-month lease, which may present challenges for immediate owner-occupancy or for investors wishing to implement new lease terms or extensive renovations.
Original Construction Age: While extensively remodeled, the main residence was originally built in 1955, which could imply potential for older underlying infrastructure not explicitly detailed as fully updated.
Recent Price Adjustment: The property has undergone a recent price reduction from its original listing, which might suggest initial overpricing or a need to attract more buyer interest.
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