17823 Rinaldi Street, Granada Hills, California 91344, Granada Hills, 91344 - 3 bed, 2 bath
17823 Rinaldi Street
Granada Hills, California 91344
Property Price
SUMMARY
Analysis of 17823 Rinaldi Street, Granada Hills, California 91344 reveals a property with a current list price of $975,000, which is 20% above the estimated $772,325 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Granada Hills Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- 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).
- Exceptional Development/Renovation Opportunity
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.
CONSRISKS & DEFICIENCIES
- Heavy Fixer/Significant Investment Required
The property is a 'Heavy Fixer,' indicating it requires substantial renovation, repair, or a complete rebuild, necessitating significant additional investment beyond the purchase price.
- Restricted Buyer Pool (Cash/Hard Money Only)
The requirement for 'Cash or Hard Money Buyers Only' severely limits the market, excluding buyers reliant on conventional financing.
- Discrepancy Between Listing Price and Estimated Value
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.
About 17823 Rinaldi Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 18,904 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Granada Hills Unified Schools
Andasol Avenue Elementary School
Grades K-5 • 1.8 mi
Tulsa Street Elementary School
Grades K-5 • 1.8 mi
Mayall Street Elementary School
Grades K-5 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 37% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,680 | 1,936 | 34% |
| Lot Size | 18,904 | 8,482 | 89% |
| Price | $975.0K | $1.05M | 44% |
| Price per sq ft | $580 | $562 | 59% |
| Built year | 1948 | 1960 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 235 | 167 | 85% |
Pricing History
Listed for Sale
Jul 14, 2025
$975,000
Initial Listing