17823 Rinaldi Street, Granada Hills, California 91344, Granada Hills, 91344 - 3 bed, 2 bath
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Granada Hills, California 91344
This Heavy Fixer/Development Opportunity is listed at $975,000, representing a strategic land-value acquisition in a prime neighborhood despite a $772,326 Fair Market Value estimate. Marketed for Cash or Hard Money Buyers Only, the property carries a Tear-Down Condition Rating, signaling a complete rebuild or major renovation project. The massive 18,904 sqft flag lot provides significant ADU Potential in a neighborhood served by Top-Rated Schools like West Ranch High (10/10) and Robert Frost Middle (9/10). This is a high-upside Asset for Developers or Fix-and-Flip Investors seeking a custom estate project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17823 Rinaldi Street Subject | $975,000* List Price | 3 | 2 | 1,680 | $460 | - |
A 17420 Flanders Sold | $1,150,000 | 4 | 2 | 2,136 | $538 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1948, this property is explicitly marketed as a 'Heavy Fixer/Exceptional Development or Renovation Opportunity' with the option to 'reimagine or rebuild.' The requirement for 'Cash or Hard Money Buyers Only' further indicates that the existing structure is not in a condition suitable for conventional financing, suggesting significant defects or a state where its value is primarily in the land and its redevelopment potential. While no interior photos are provided, the description strongly implies the current structure is either unlivable or beyond economical repair, aligning with the 'tear-down' criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18904, living area = 1680.
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 is explicitly marketed as a 'Heavy Fixer/Exceptional Development or Renovation Opportunity,' appealing to investors or end-users looking to customize or rebuild.
The property is a 'Heavy Fixer,' indicating it requires substantial renovation, repair, or a complete rebuild, necessitating significant additional investment beyond the purchase price.
The requirement for 'Cash or Hard Money Buyers Only' severely limits the market, excluding buyers reliant on conventional financing.
The listing price of $975,000 is significantly higher than the estimated value of $727,248.52, suggesting a potential overvaluation for its current condition or a high premium placed on its development potential, which may deter some buyers.
Heavy Fixer/Exceptional Development or Renovation Opportunity in Prime Granada Hills! Ideal for Cash or Hard Money Buyers Only. Set on an expansive flag lot tucked away from the street, this double-gated property presents a rare opportunity to reimagine or rebuild in one of Granada Hills' most desirable neighborhoods. A circular driveway and mature landscaping provide a peaceful, private atmosphere, while the generous lot size offers ample space to design a custom home with the potential to add 1-2 ADU's (buyer to verify local regulations). Located just minutes from top-rated public and private schools, scenic parks, hiking trails, and with easy access to the 118 and 405 Freeways, this property combines convenience with endless potential. A true hidden gem for an end-user looking to create their dream oasis or a savvy investor seeking a promising project. BLIND OFFERS WILL NOT BE RESPONDED TO.
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades K-5 • 1.8 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 37% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,680 | 1,912 | 38% |
| Lot Size | 18,904 | 8,402 | 88% |
| Price | $975.0K | $1.07M | 39% |
| Price per sq ft | $580 | $565 | 56% |
| Built year | 1948 | 1960 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 282 | 155 | 96% |
Jul 14, 2025
$975,000
Initial Listing