428 Fermoore Street, San Fernando, California 91340, San Fernando, 91340 - 4 bed, 3 bath
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San Fernando, California 91340
This Multi-Unit Value-Add Property is listed at $850,000, positioned near its $830,010 Fair Market Value. Featuring a permitted 1-bed/1-bath attached unit and a detached 20x20 garage primed for ADU conversion, the asset offers immediate rental income potential. While holding a Condition Rating of 4 due to its 1949 vintage, the expansive 7,042 sq. ft. lot, private patio, and neighborhood views provide a strong foundation for forced appreciation. Located in the Los Angeles Unified district, this is a strategic acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 428 Fermoore Street Subject | $850,000* List Price | 4 | 3 | 1,579 | $531 | - |
A 316 Orange Grove Sold | $830,000 | 2 | 2 | 1,523 | $545 | 0.2 mi |
B 2050 7th Street Sold | $600,000 | 3 | 2 | 1,350 | $444 | 0.8 mi |
C 13966 Fox Street Sold | $750,000 | 3 | 2 | 1,431 | $524 | 1.0 mi |
D 618 N Lazard Active | $875,000 List Price | 4 | 2 | 1,707 | $513 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, this property is functional but significantly outdated. The kitchens feature basic, older appliances, dated cabinetry (some open shelving), and basic countertops and tile. Bathrooms have older vanities, basic fixtures, and dated tile work, with one mirror showing significant wear. Flooring throughout is primarily dated ceramic tile, with some worn carpet. While the home appears maintained, it has not undergone a major renovation in many years and requires substantial cosmetic updates to meet modern standards. The property's value lies more in its potential for expansion and income (ADU conversion) rather than its current interior condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7042, living area = 1579.
Includes a permitted 1-bed/1-bath attached unit, offering immediate rental income or ideal space for multi-generational living.
A detached 20x20 garage presents a clear and valuable opportunity for conversion into an Accessory Dwelling Unit (ADU), significantly increasing property value and utility.
Built in 1949, the property may require significant updates to core systems (plumbing, electrical, HVAC) and finishes to meet modern standards and buyer expectations.
While described as having a 'bright open floor plan,' the listing does not detail recent renovations or modern upgrades to the main 3-bed/2-bath unit, suggesting potential for buyer-initiated improvements.
The 'endless potential' implies that realizing the property's full value, especially through ADU conversion or expansion, will necessitate additional capital investment post-purchase.
Endless Potential in San Fernando! This spacious 3-bed/2-bath home with a smart layout also includes a permitted 1-bed/1-bath attached unit, making it ideal for multi-generational living or immediate rental income. Sitting on a generous 7,039 sq. ft. lot, the property offers room to expand, build, or maximize value with the detached 20x20 garage that’s perfect for an ADU conversion. With a bright open floor plan and prime location near parks, schools, shopping, and freeways, this home offers both comfort and long-term investment opportunity. Seller is prepared to proceed and has confirmed the home will be delivered vacant.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 73% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,579 | 1,435.5 | 64% |
| Lot Size | 7,042 | 6,947.5 | 59% |
| Price | $850.0K | $770.0K | 68% |
| Price per sq ft | $538 | $542 | 45% |
| Built year | 1949 | 1952 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 193 | 180 | 73% |
Jan 23, 2026
$850,000
$775,000
+10% Price Increase
Initial Listing
Nov 12, 2025
$775,000
$799,000
-3% Price Drop
Initial Listing
Oct 12, 2025
$799,000
Initial Listing
Oct 11, 2025
$7,990,000
Initial Listing