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366 Ilo Ln, Danville, California 94526, Danville, 94526 - 4 bed, 3 bath

366 Ilo Ln, Danville, California 94526 home-pic-0
ACTIVE$1,499,000
366 Ilo Ln, Danville, California 94526
4Beds
3Baths
2,370Sqft
12,632Lot

Price Vs. Estimate

The estimated value ($1,499,000) is $0 (0%) lower than the list price ($1,499,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating ADU: The property features an attached ADU with a strong rental history, generating a combined $7,000 per month, offering significant income potential or multi-generational living.
Top Cons:
Age of Property: Built in 1931, the property is nearly a century old, which may imply potential for unforeseen maintenance or system upgrades despite recent renovations.

Compared to the nearby listings

Price:$1.50M vs avg $1.80M ($-301,000)15%
Size:2,370 sqft vs avg 2,341.5 sqft52%
Price/sqft:$632 vs avg $80211%

More Insights

Built in 1931 (94 years old).
Condition: The property, built in 1931, presents a mixed condition due to its two units. The main front unit has undergone significant recent renovations, including a new roof, newer furnace and water heater, fresh interior paint, hardwood floors, and a lovely updated kitchen with white cabinets and modern-looking countertops. These elements are in very good condition. However, the attached ADU features a dated galley kitchen with tile countertops and older appliances, as seen in the images, which, while functional, would require aesthetic updates to meet current standards. Despite the ADU's dated kitchen, the overall property is move-in ready, with major systems recently updated or well-maintained, justifying a 'Good' rating rather than 'Fair' due to the extensive updates in the primary residence.
Year Built
1931
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$632
HOA
-
Days on market
-
Sold On
-
MLS number
41110719
Home ConditionGood
Features
Good View:
Deck
View-

About this home

Incredible opportunity to own a single family with attached ADU on the highly desirable Westside of Danville. Just a short walk to downtown shops, restaurants, and the Iron Horse Trail, this charming property sits on a generous 12,632 sq ft lot and features two separate units, each approximately 1,200 sq ft. The front unit offers 2 bedrooms and 1 bathroom and is filled with character and natural light and too many updates to list. Highlights include a striking arched window, hardwood floors throughout, arched doorways, and fresh interior paint, new roof, newer furnace and water heater. Lovely updated kitchen features white cabinets, beautiful countertops and plenty of cabinet space. A spacious, private backyard includes a large deck, mature landscaping, and established garden beds. This unit has a strong rental history and typically leases for $4,000 per month. HUGE driveway with potential to house RV and/or boat plus 2 carports. Rear unit includes 2 bedrooms and 1.5 bathrooms with a cozy family room, brick fireplace, and skylights. The galley kitchen provides efficient layout and functionality, and the unit also includes ceiling fans and laundry facilities. Currently rented to a reliable month to month tenant at $3,000 p/mo.

Condition Rating
Good
The property, built in 1931, presents a mixed condition due to its two units. The main front unit has undergone significant recent renovations, including a new roof, newer furnace and water heater, fresh interior paint, hardwood floors, and a lovely updated kitchen with white cabinets and modern-looking countertops. These elements are in very good condition. However, the attached ADU features a dated galley kitchen with tile countertops and older appliances, as seen in the images, which, while functional, would require aesthetic updates to meet current standards. Despite the ADU's dated kitchen, the overall property is move-in ready, with major systems recently updated or well-maintained, justifying a 'Good' rating rather than 'Fair' due to the extensive updates in the primary residence.
Pros & Cons

Pros

Income-Generating ADU: The property features an attached ADU with a strong rental history, generating a combined $7,000 per month, offering significant income potential or multi-generational living.
Prime Westside Danville Location: Situated in the highly desirable Westside of Danville, the property is within a short walk to downtown shops, restaurants, and the Iron Horse Trail, enhancing lifestyle and property value.
Recent Major Updates: The front unit benefits from a new roof, newer furnace and water heater, and fresh interior paint, reducing immediate maintenance concerns for a new owner.
Charming Architectural Details: The front unit retains its original character with hardwood floors, a striking arched window, and arched doorways, appealing to buyers seeking historic charm.
Generous Lot & Ample Parking: A spacious 12,632 sq ft lot includes a private backyard with a large deck and garden beds, complemented by a huge driveway with potential for RV/boat parking and two carports.

Cons

Age of Property: Built in 1931, the property is nearly a century old, which may imply potential for unforeseen maintenance or system upgrades despite recent renovations.
Month-to-Month Tenancy: The rear ADU is currently occupied by a reliable month-to-month tenant, which could present flexibility challenges for a new owner desiring immediate occupancy or a long-term lease.
Potential for Uneven Unit Quality: While the front unit is extensively updated, the description for the rear unit is less detailed regarding recent renovations, suggesting a potential disparity in modern amenities or condition between the two units.

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