
Los Angeles, California 91344
This property presents a High-Potential Investment Opportunity with a List Price of $975,000, currently aligned with its $975,000 Fair Market Value. As a Heavy Fixer / Tear-Down with a Condition Rating of 6, this asset is strictly for cash or hard-money buyers. The expansive 18,904 sqft lot offers significant upside, including the potential for up to 13 ADUs. Located near top-rated schools like Mayall Street Elementary and Robert Frost Middle, this is a strategic acquisition for Real Estate Developers or Experienced Investors.
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 | $580 | - |
A 17823 Rinaldi Street Active | $975,000 List Price | 3 | 2 | 1,680 | $580 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1948 (76 years old) with no evidence of renovation, the listing explicitly identifies the property as a 'Heavy Fixer / Tear-Down.' The requirement for a cash-only purchase and the focus on land value for potential ADU development confirm the structure is likely unlivable and lacks functional systems.
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 expansive 18,904 sqft lot offers a rare opportunity for high-density redevelopment, including the potential for up to 13 ADUs, making it an exceptional find for investors and builders.
The property is a heavy fixer or tear-down, requiring a total renovation or complete demolition, which demands significant additional capital and construction expertise.
The requirement for cash or hard-money purchases only eliminates buyers who rely on traditional mortgage financing, significantly narrowing the pool of potential applicants.
Heavy Fixer / Tear-Down Exceptional Development or Renovation Opportunity in Prime Granada Hills | Cash Only. Tucked away on an expansive flag lot in one of Granada Hills' most desirable neighborhoods, this double gated property offers a rare opportunity for an end-user, builder, or investor to create something truly special. The property is a heavy fixer/tear-down and will require a cash or hard-money purchase. A private circular driveway, mature landscaping, and generous lot provide an exceptional setting to reimagine the existing property or develop a custom residence from the ground up. For an end-user, the expansive lot offers the opportunity to create a private dream estate tailored to your lifestyle, with ample room for indoor-outdoor living, entertaining, a pool, and additional amenities. For developers and investors, the substantial lot size presents exciting possibilities, including the potential for 13 ADUs, subject to buyer verification of all applicable city requirements and regulations. Ideally located near top-rated public and private schools, scenic parks, hiking trails, shopping, dining, and major freeways including the 118 and 405, the property combines privacy and tranquility with convenient access to everything Granada Hills has to offer. A rare opportunity to transform a private, oversized lot into a spectacular personal residence or capitalize on a promising redevelopment 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,680 | 1,664.159 |
| Lot Size | 18,904 | 6,066.556 |
| Price | $975.0K | $1.35M |
| Price per sq ft | $580 | $806 |
| Built year | 1948 | 1939 |
| HOA | $0 | $278 |
| Days on market | 41 | 55 |
Jul 30, 2026
$975,000
Initial Listing
Sep 29, 2020
$857,000
Public Record
Oct 26, 1995
$173,000
Public Record