515 Sonora Avenue, El Granada, California 94018, El Granada, 94018 - 5 bed, 3 bath
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El Granada, California 94018
This 5-bedroom Single Family Residence represents a Strong Value Opportunity, listed at $1,499,000—positioned well below the $1,379,090 Fair Market Value by -8%. While the property requires cosmetic updates given its Fair Condition Rating, the expansive 8,213 sqft lot and detached workshop offer significant ADU Potential for forced appreciation. The versatile layout, featuring a private upper-level suite with a wet bar, provides a unique configuration for multi-generational living. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity through strategic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Sonora Avenue Subject | $1,499,000* List Price | 5 | 3 | 2,410 | $572 | - |
A 389 Avenue Granada Sold | $1,675,000 | 5 | 3 | 2,770 | $605 | 0.2 mi |
B 103 Dolphine Avenue Sold | $1,849,000 | 5 | 4 | 2,860 | $647 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986 (38 years old), the property is well-maintained but dated. The kitchen features older white appliances and tile flooring, while the bathrooms and wet bar retain original or aging fixtures. While functional and move-in ready, it fits the criteria for needing cosmetic updates and minor repairs due to its age and lack of recent full renovation.
The unique layout featuring three main-level bedrooms and an expansive upper-level suite with a wet bar offers exceptional flexibility for multi-generational families or a private retreat.
The inclusion of a detached workshop provides a valuable opportunity for conversion into an Accessory Dwelling Unit (ADU), potentially increasing the property's value and utility.
Situated on a generous 8,213 square foot lot, the property offers a rare amount of outdoor space in a coastal setting, featuring a wrap-around yard perfect for gardening and recreation.
With 71 days on the market and a significant $200,000 price reduction, the property faced initial challenges in finding its market value, which may impact future resale perception.
Built in 1986, the home may require updates to its original finishes and systems to meet modern aesthetic standards and energy efficiency expectations.
Welcome to this stunning 5-bedroom, 3-bathroom home located in the charming coastal city of El Granada. Experience the perfect blend of comfort and practicality in this delightful 2,410 square foot home, situated on a generous 8,213 square foot lot, ideal for those seeking a spacious home catering to all family types with comfortable living. The heart of the home, the kitchen is well-equipped and designed to accommodate all your culinary needs equipped with enough space for a full dining area to host all sized gatherings. Additional amenities include a cozy fireplace, perfect for relaxing evenings which supplements the forced air and gas heating ensuring warmth during cooler months. The main level offers 3 bedrooms, including a primary with an en-suite bathroom. Upstairs you'll find an eye-popping additional living area, with an en-suite primary bedroom and another large bedroom, ideal for an owner's suite sanctuary, complete with a wet bar. Detached building/workshop, perfect for the hobbyist or may be converted to an ADU. Attached 2 car garage leads seamlessly into the kitchen and houses the laundry units and an abundance of additional storage. Outside you'll find a private grand front yard which wraps around the back; plenty of outdoor space for activities and gardening.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 80% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,410 | 1,620 | 80% |
| Lot Size | 8,213 | 5,278 | 93% |
| Price | $1.50M | $1.34M | 53% |
| Price per sq ft | $622 | $934 | 13% |
| Built year | 1986 | 1986 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 101 | 27% |
Apr 28, 2026
$1,499,000
$1,699,000
-12% Price Drop
Initial Listing
Mar 30, 2026
$1,699,000
Initial Listing