16124 San Fernando Mission Blvd, Granada Hills, California 91344, Granada Hills, 91344 - 5 bed, 5 bath
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Granada Hills, California 91344
This Turnkey Multi-Unit Income Property is a High-Potential Investment Opportunity listed at $1,298,000, positioned accurately at its $1,296,571 Fair Market Value. The property delivers a robust 7% Cap Rate across three units, including a newly constructed 2024 Detached ADU and fully renovated interiors with Modern Kitchens and a Private Patio. Situated near Top-Rated Schools like Mayall Street Elementary (9/10) and West Ranch High (10/10), this Condition 2 Rating asset ensures premium rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16124 San Fernando Mission Blvd Subject | $1,298,000* List Price | 5 | 5 | 2,580 | $514 | - |
A 16642 Los Alimos Street Sold | $1,035,000 | 4 | 3 | 1,993 | $519 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a fully renovated triplex featuring a brand-new ADU constructed in 2024. It boasts modern kitchens with quartz countertops and stainless steel appliances, updated flooring, and new mini-split HVAC systems in every room, meeting the criteria for a high-end renovation completed within the last 5 years.
Elementary School: Mayall Street Elementary School (9/10). Middle School: Robert Frost Middle School (9/10). High School: West Ranch High School (10/10).
The property offers a strong estimated 7% cap rate with a total monthly rental potential of approximately $8,480, making it an exceptional income-producing asset in the Los Angeles market.
With a newly constructed 2024 ADU and fully renovated existing units, the property features modern layouts, in-unit laundry, and energy-efficient mini-split systems, significantly reducing immediate maintenance costs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2580, other record living area = 1673. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Located on San Fernando Mission Blvd, the property is subject to higher traffic volume and noise levels compared to interior residential streets, which may affect tenant privacy and appeal.
Accommodating three separate units on a 7,203 sq. ft. lot results in high density, leaving minimal private yard or recreational space for individual tenants.
This is a fully renovated multi-family opportunity in the heart of Granada Hills. This income-producing property offers approximately 2,580 sq. ft. across three units with a strong estimated 7% cap rate. The front 2-bedroom, 2-bath main residence (approx. 1,250 sq. ft.) is currently rented at $3,390 per month. The attached 1-bedroom, 1-bath JADU (approx. 500 sq. ft.) was rented for $1,990 per month, and the newly constructed in 2024 2-bedroom, 2-bath detached ADU (approx. 830 sq. ft.) brought in $3,100 per month. All units feature modern layouts, in-unit laundry, and mini splits in every room for heat and air. Conveniently located near shopping, dining, and freeway access, this property offers strong rental appeal and immediate income with upside potential.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 5.0 | 50% |
| Baths | 5.0 | 4.0 | 67% |
| Square foot | 2,580 | 2,580 | 50% |
| Lot Size | 7,203 | 7,203 | 50% |
| Price | $1.30M | $1.30M | 50% |
| Price per sq ft | $503 | $519 | 33% |
| Built year | 1954 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 88 | 33% |
Apr 17, 2026
$1,298,000
Initial Listing
Jul 31, 2024
$715,000
Public Record