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

366 Ilo Ln, Danville, California 94526 home-pic-0
ACTIVE$1,499,000
366 Ilo Ln, Danville, California 94526
0Bed
0Bath
Sqft
12,632Lot
Year Built
1931
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41110720
Home ConditionFair
Features
Good View:
Deck
View-

About this home

We found 3 Cons,5 Pros.

Incredible opportunity to own a rare duplex 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. Plenty of room for a detached ADU with no owner-occupancy requirement.

Price History

Date
Event
Price
09/06/25
Listing
$1,499,000
Condition Rating
Fair

The property, built in 1931, is a duplex with varying conditions. The front unit appears to be in good condition with recent updates including a new roof, newer furnace and water heater, fresh interior paint, hardwood floors, and a 'lovely updated kitchen' with white cabinets and modern bathroom fixtures. However, the rear unit's kitchen, as seen in the images, features very dated tiled countertops and backsplash, along with older appliances, suggesting a renovation 15-30 years ago. While functional, this unit requires substantial cosmetic updates to meet current standards. The overall property is maintained, but the significant age and the outdated elements in one of the units lead to a 'Fair' rating, indicating it requires minor to moderate updates, particularly in the rear unit's kitchen and potentially other areas not fully depicted.
Pros & Cons

Pros

Prime Location & Walkability: Located on the highly desirable Westside of Danville, offering a short walk to downtown shops, restaurants, and the Iron Horse Trail, enhancing lifestyle and rental appeal.
Strong Income-Generating Duplex: A rare duplex featuring two separate units with a strong rental history, generating a combined $7,000 per month, providing immediate and substantial income.
Significant ADU Potential: Situated on a generous 12,632 sq ft lot with ample space for a detached Accessory Dwelling Unit (ADU), and notably, no owner-occupancy requirement, offering substantial value-add opportunity.
Updated Front Unit with Character: The front unit boasts character, natural light, hardwood floors, an updated kitchen, new roof, and newer furnace and water heater, making it highly attractive to tenants.
Ample Parking & Outdoor Space: Features a HUGE driveway with potential for RV/boat parking, two carports, and a spacious, private backyard with a large deck, mature landscaping, and garden beds.

Cons

Age of Property: Built in 1931, the property's age may present ongoing maintenance considerations or require updates beyond those already completed, particularly for systems not explicitly mentioned.
Month-to-Month Tenancy: The rear unit's month-to-month lease offers flexibility but may not appeal to all investors seeking long-term lease stability or owner-occupants desiring immediate possession.
Potential for Disparate Unit Condition: While the front unit has extensive updates, the description for the rear unit is less detailed regarding recent renovations, suggesting a potential difference in modern amenities or aesthetic appeal that might require future investment to standardize.

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