16124 San Fernando Mission Boulevard, Granada Hills, California 91344, Granada Hills, 91344 - 3 bed, 2 bath
ACTIVE$1,299,900
16124 San Fernando Mission Boulevard, Granada Hills, California 91344
3Beds
2Baths
1,673Sqft
7,203Lot
Price Vs. Estimate
Estimation data not available
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 = 1673, other record living area = 2580. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 5.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1954 (71 years old).
Condition: Despite the original structure being built in 1954, the listing explicitly states 'three modern units' and a 'newly built detached 2-bed, 2-bath ADU.' The provided images strongly support this, showcasing a fully renovated interior with contemporary finishes, including a modern kitchen with new white shaker cabinets, quartz countertops, new stainless steel appliances, and modern black fixtures. The bathroom features a freestanding tub, modern subway tiling, and black fixtures. All visible components like flooring, lighting (recessed, modern pendants, ceiling fans), and windows appear new and meet current quality standards, indicating a very recent and extensive renovation. The property description also notes central AC/heat in all units, further supporting a high-quality, recent update.
Year Built
1954
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$777
HOA
-
Days on market
-
Sold On
-
MLS number
CV25264849
Home ConditionExcellent
Features
Patio
View-
About this home
Welcome to 16124 San Fernando Mission Blvd — a standout multi-family opportunity in the heart of Granada Hills. This fully income-producing triplex offers 2,580 sq. ft. across three modern units and delivers a strong 6.2% cap rate, making it ideal for investors or an owner-occupant looking to offset their mortgage. The main home is a spacious 2-bed, 2-bath unit (1,250 sq. ft.) rented at $3,390/month, the attached 1-bed, 1-bath JADU (500 sq. ft.) brings in $1,990/month, and the newly built detached 2-bed, 2-bath ADU (830 sq. ft.) earns $3,100/month. All units offer modern layouts, in-unit laundry, and central AC/heat. Located near shopping, dining, and major freeways, this property is highly attractive to renters, making 16124 San Fernando Mission Blvd a rare chance to secure a high-performing investment in a prime Granada Hills location.
Nearby schools
7/10
Haskell Elementary School
Public,•K-5•0.4mi
5/10
Danube Avenue Elementary School
Public,•K-5•0.5mi
6/10
Tulsa Street Elementary School
Public,•K-5•0.6mi
9/10
Vintage Math/Science/Technology Magnet School
Public,•K-5•1.4mi
9/10
Mayall Street Elementary School
Public,•K-5•1.4mi
7/10
Andasol Avenue Elementary School
Public,•K-5•2.2mi
3/10
El Dorado Avenue Elementary School
Public,•K-5•2.3mi
4/10
Herrick Avenue Elementary School
Public,•K-5•3.1mi
6/10
Wiley Canyon Elementary School
Public,•K-6•8.4mi
7/10
George K. Porter Middle School
Public,•6-8•0.6mi
5/10
Patrick Henry Middle School
Public,•6-8•1.8mi
9/10
Robert Frost Middle School
Public,•6-8•2.2mi
4/10
Olive Vista Middle School
Public,•6-8•3.4mi
9/10
Rancho Pico Junior High School
Public,•7-8•11.0mi
6/10
John F. Kennedy High School
Public,•9-12•0.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•1.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•1.4mi
7/10
Northridge Academy High
Public,•9-12•2.9mi
10/10
West Ranch High School
Public,•9-12•11.2mi
Price History
Date
Event
Price
07/31/24
Sold
$715,000
Condition Rating
Excellent
Despite the original structure being built in 1954, the listing explicitly states 'three modern units' and a 'newly built detached 2-bed, 2-bath ADU.' The provided images strongly support this, showcasing a fully renovated interior with contemporary finishes, including a modern kitchen with new white shaker cabinets, quartz countertops, new stainless steel appliances, and modern black fixtures. The bathroom features a freestanding tub, modern subway tiling, and black fixtures. All visible components like flooring, lighting (recessed, modern pendants, ceiling fans), and windows appear new and meet current quality standards, indicating a very recent and extensive renovation. The property description also notes central AC/heat in all units, further supporting a high-quality, recent update.
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).
High-Performing Investment: This triplex is fully income-producing with a strong 6.2% cap rate, offering immediate and attractive returns for investors or significant mortgage offset for an owner-occupant.
Modernized Units & Amenities: All three units boast modern layouts, in-unit laundry, and central AC/heat, enhancing tenant appeal and reducing common maintenance issues.
Newly Built ADU: The detached 2-bed, 2-bath ADU is a significant value-add, contributing substantial rental income and offering contemporary living space.
Prime Granada Hills Location: Situated in a desirable Granada Hills location, the property benefits from proximity to shopping, dining, and major freeways, making it highly attractive to renters.
Diversified Income Stream: With three distinct units (main home, JADU, and ADU), the property provides a diversified rental income stream, mitigating vacancy risk compared to single-unit rentals.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1673, other record living area = 2580. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 5.
Original Structure Age: Built in 1954, the main structure's age could imply potential for older underlying infrastructure (e.g., plumbing, electrical) that may require future capital expenditures, despite unit modernizations.
Significant Price Appreciation: The substantial increase from a recent sale price of $715,000 to the current list price of $1,299,900 warrants thorough due diligence to confirm the value added by improvements and market justification.
Intensive Management Requirements: As a triplex, the property demands active landlord management for three separate units, including tenant relations, maintenance coordination, and potential vacancy management, which can be more intensive than a single-family rental.