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16130 Devonshire Street, Granada Hills, California 91344, Granada Hills, 91344 - 6 bed, 5 bath

16130 Devonshire Street, Granada Hills, California 91344 home-pic-0
ACTIVE$1,199,000
16130 Devonshire Street, Granada Hills, California 91344
6Beds
5Baths
2,319Sqft
7,686Lot

Price Vs. Estimate

The estimated value ($1,199,000) is $0 (0%) lower than the list price ($1,199,000). This property may be overpriced.

Key pros and cons

Top Pros:
Dual Income-Generating Property: This rare offering features two fully independent homes on one lot, providing exceptional income potential and investment versatility.
Top Cons:
Original Construction Age: Built in 1953, the original structure may have older underlying systems or components that could require future maintenance or upgrades beyond the recent renovations.

Compared to the nearby listings

Price:$1.20M vs avg $1.09M (+$110,500)63%
Size:2,319 sqft vs avg 1,981.5 sqft70%
Price/sqft:$517 vs avg $56133%

More Insights

Built in 1953 (72 years old).
Condition: Despite the 1953 build year, the property has undergone extensive and very recent renovations. The front house features a kitchen remodel completed in 2023, new HVAC in 2024, and new flooring throughout. The rear ADU also appears to be newly constructed or fully renovated, showcasing modern kitchens with quartz countertops and new appliances, contemporary bathrooms with stylish tiling and vanities, new flooring, and modern light fixtures. All major components and aesthetic elements are new or virtually new, meeting current quality standards.
Year Built
1953
Close
-
List price
$1.2M
Original List price
$1.3M
Price/Sqft
$517
HOA
-
Days on market
-
Sold On
-
MLS number
25579439
Home ConditionExcellent
Features
Patio
View-

About this home

16130 & 16128 Devonshire Streeta rare and versatile income-generating property featuring two fully independent homes on one lot. The front house offers 3 bedrooms and 2 bathrooms across approximately 1,119 sq ft, with a new HVAC system installed in 2024, a kitchen remodel completed in 2023, and new flooring throughout. It's currently rented for $4,400/month. The rear 3-bedroom, 3-bath ADU spans approximately 1,200 sq ft and is projected to bring in $4,500/month based on HACLA rental standards. Each unit has its own address, private entrance, fenced yard, full kitchen, and in-unit laundry making this the perfect setup for multi-generational living, house hacking, or a high-performing investment. With a combined potential income of almost $9,000/month, this is a standout opportunity in a prime Valley location close to shopping, dining, and freeway access.

Condition Rating
Excellent
Despite the 1953 build year, the property has undergone extensive and very recent renovations. The front house features a kitchen remodel completed in 2023, new HVAC in 2024, and new flooring throughout. The rear ADU also appears to be newly constructed or fully renovated, showcasing modern kitchens with quartz countertops and new appliances, contemporary bathrooms with stylish tiling and vanities, new flooring, and modern light fixtures. All major components and aesthetic elements are new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Dual Income-Generating Property: This rare offering features two fully independent homes on one lot, providing exceptional income potential and investment versatility.
Significant Recent Upgrades: The front house benefits from a new HVAC system (2024), a kitchen remodel (2023), and new flooring throughout, minimizing immediate capital expenditures.
Proven Rental Income: The front unit is currently rented at $4,400/month, offering immediate and stable cash flow for the investor.
High Potential ADU Income: The rear ADU is projected to generate $4,500/month based on HACLA standards, significantly boosting the property's overall income potential.
Complete Unit Independence: Each unit boasts its own address, private entrance, fenced yard, full kitchen, and in-unit laundry, ideal for multi-generational living or maximizing tenant appeal.

Cons

Original Construction Age: Built in 1953, the original structure may have older underlying systems or components that could require future maintenance or upgrades beyond the recent renovations.
ADU Income is Projected: The stated $4,500/month income for the ADU is a projection, not currently realized, which introduces a vacancy risk and potential for actual rental income to differ.
Recent Price Reduction: The property has undergone a $100,000 price reduction from its original list price, which may suggest previous overpricing or a slower market response.

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