515 Sonora Avenue, El Granada, California 94018, El Granada, 94018 - 5 bed, 3 bath
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El Granada, California 94018
This Coastal Value-Add Residence is a Strategic Value Opportunity, listed at $1,699,000—positioned below the $1,720,018 Fair Market Value by 1%. This valuation gap offers $21,018 in Instant Equity. Maintaining a Condition Rating of 4, the property features a detached workshop with ADU potential and an expansive 8,213 square foot lot. The flexible layout includes an upper-level owner's sanctuary with a wet bar, ideal for modern coastal living. This home is a premier choice for Owner-Occupants or Multi-generational Families seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Sonora Avenue Subject | $1,699,000* List Price | 5 | 3 | 2,410 | $714 | - |
A 389 Avenue Granada Sold | $1,675,000 | 5 | 3 | 2,770 | $605 | 0.2 mi |
B 1163 Columbus Street Sold | $1,650,000 | 4 | 3 | 2,080 | $793 | 0.9 mi |
C 139 Santa Ana Street Sold | $1,925,000 | 3 | 3 | 2,270 | $848 | 0.9 mi |
D 970 Columbus Street Sold | $1,200,000 | 3 | 2 | 1,570 | $764 | 0.7 mi |
E 261 Coral Reef Avenue Active Under Contract | $1,599,000 List Price | 4 | 3 | 1,770 | $903 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, the property is nearly 40 years old and retains many dated features. While the home is clean and well-maintained, the kitchen and bathrooms feature original-style tile countertops, older white appliances, and 1980s-era fixtures that require modernization to meet current market standards.
The unique floor plan features a dedicated upper-level owner's sanctuary with a wet bar and a separate main-level bedroom wing, making it ideal for multi-generational living or a private home office setup.
The property includes a detached building/workshop that offers a significant value-add opportunity for conversion into an Accessory Dwelling Unit (ADU) for rental income or guest housing.
Situated on a generous 8,213 square foot lot, the home boasts a grand wrap-around yard that provides rare privacy and ample space for gardening, entertaining, and coastal outdoor living.
Built in 1986, the interior may require cosmetic updates and contemporary finishes to meet the expectations of modern luxury buyers at this price point.
The laundry units are located within the garage rather than a dedicated interior laundry room, which may be considered a functional drawback for some families.
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 | 2,034 | 80% |
| Lot Size | 8,213 | 6,057 | 73% |
| Price | $1.70M | $1.55M | 67% |
| Price per sq ft | $705 | $845 | 13% |
| Built year | 1986 | 1986 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 196 | 7% |
Mar 30, 2026
$1,699,000
Initial Listing