16038 Devonshire Street, Granada Hills, California 91344, Granada Hills, 91344 - 3 bed, 2 bath
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Granada Hills, California 91344
This Functional Single-Family Residence is listed at $839,950, representing a stable entry point at its $839,950 Fair Market Value. The property features a Condition Rating of 4, offering a maintained 1950s layout enhanced by a 315 sq. ft. permitted lanai and a low-maintenance concrete patio. With a 7,689 sq. ft. lot and a detached garage featuring rare alley access, the site offers a High-Potential Investment Opportunity through ADU conversion. Situated in the Los Angeles Unified district, it is an ideal match for Owner-Occupants or Buy-and-Hold Investors seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16038 Devonshire Street Subject | $839,950* List Price | 3 | 2 | 1,445 | $581 | - |
A 10449 Gloria Ave Sold | $850,000 | 3 | 2 | 1,350 | $630 | 0.3 mi |
B 10824 Danube Sold | $860,000 | 4 | 2 | 1,374 | $626 | 0.8 mi |
C 10360 Haskell Sold | $754,000 | 3 | 2 | 1,169 | $645 | 0.4 mi |
D 16053 Devonshire Street Sold | $875,000 | 3 | 2 | 1,448 | $604 | 0.0 mi |
E 10125 Gloria Avenue Sold | $879,000 | 3 | 2 | 1,243 | $707 | 0.2 mi |
F 16519 Minnehaha Sold | $865,000 | 3 | 2 | 1,608 | $538 | 0.6 mi |
G 15940 Blackhawk Street Active | $820,000 List Price | 3 | 2 | 1,494 | $549 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the property is functional and appears to have been maintained through regular upkeep, but it lacks recent comprehensive renovations. The kitchen and bathrooms feature dated styles and older appliances/fixtures consistent with a home of this era. While the permitted lanai and ADU potential add value, the overall interior requires cosmetic modernization and system updates to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7689, living area = 1445.
The detached two-car garage combined with rare alley access provides an ideal setup for an Accessory Dwelling Unit (ADU) conversion, offering significant potential for rental income or multi-generational living.
The inclusion of a 315-square-foot permitted lanai built on a concrete slab significantly increases the functional square footage beyond the base floor plan, providing versatile space for a home office or recreation room.
The backyard is fully concreted; while this offers low maintenance, the absence of a lawn or natural landscaping may be a drawback for buyers seeking a traditional garden or soft play area for children and pets.
With a construction date of 1953 and a listing history showing multiple price adjustments, the property likely requires significant cosmetic updates or system modernizations to compete with fully renovated homes in the area.
Located in a desirable Granada Hills neighborhood, this 3-bedroom, 2-bath home offers a functional layout and approximately 315 sq. ft. of permitted lanai space built on a concrete slab, expanding the overall footprint. The fully concreted backyard provides low-maintenance outdoor space, and alley access to the detached 2-car garage creates strong potential for future ADU conversion (buyer to verify with the City). Similar properties in the area have leveraged this configuration for additional living space or rental income. Conveniently situated near shopping, schools, parks, and with easy access to the 405 and 118 freeways. Buyer and buyer’s agent to conduct their own investigations regarding condition, square footage, zoning, and development potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,445 | 1,875.5 | 22% |
| Lot Size | 7,689 | 8,245 | 34% |
| Price | $840.0K | $1.05M | 14% |
| Price per sq ft | $581 | $567 | 54% |
| Built year | 1953 | 1960 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 281 | 124 | 97% |
Feb 25, 2026
$839,950
$829,950
+1% Price Increase
Initial Listing
Nov 25, 2025
$829,950
$839,950
-1% Price Drop
Initial Listing
Oct 19, 2025
$839,950
$849,950
-1% Price Drop
Initial Listing
Aug 29, 2025
$849,950
Initial Listing