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8455 Mcgroarty Street, Sunland, California 91040, Sunland, 91040 - 1 bed, 1 bath

8455 Mcgroarty Street, Sunland, California 91040 home-pic-0
ACTIVE$595,000
8455 Mcgroarty Street, Sunland, California 91040
1Bed
1Bath
219Sqft
22,268Lot
Year Built
1920
Close
-
List price
$595K
Original List price
$595K
Price/Sqft
$2,717
HOA
-
Days on market
-
Sold On
-
MLS number
BB24125825
Home ConditionTear down
Features
Good View: Hills
ViewHills

About this home

We found 3 Cons,6 Pros. Rank: price - $595.0K(5th), sqft - 219(1th), beds - 1(1th), baths - 1(15th).

Here is a prime opportunity to buy a house with TWO large lots in South Sunland, located at the end of McGroarty and there are views!. Tax records show that the house is 219 sf and built in 1920. It has all the necessary things- a kitchen, a bathroom, a bedroom and living area-- but it's very compact and needs some TLC for sure. There is water and electricity, and it's connected to sewers. The land has a downslope but there are level areas to build on it. There is so much potential here for a contractor, developer, or a handy homeowner who wants to create their dream oasis. Parcel 1 is 22,268 sf and has the house on it, Parcel 2 is 18,349 for a total of 40,617 square feet. Both parcels are included in the sale and must be sold together.

Nearby schools

5/10
Apperson Street Elementary School
Public,•K-5•0.6mi
6/10
Sunland Elementary School
Public,•K-5•0.7mi
5/10
Stonehurst Avenue Elementary School
Public,•K-5•3.0mi
5/10
Brainard Elementary School
Public,•K-5•3.1mi
5/10
Mt. Gleason Middle School
Public,•6-8•1.4mi
3/10
Charles Maclay Middle School
Public,•6-8•5.2mi
6/10
Verdugo Hills Senior High School
Public,•9-12•1.3mi
Condition Rating
Tear down
The property, built in 1920 and only 219 sqft, is explicitly described as needing 'significant renovation or likely demolition' and having 'Limited Immediate Livability.' The images of the kitchen and bathroom reveal extremely outdated, worn, and neglected conditions, consistent with a structure that has had no major renovations in the past 50 years. The value of this listing is clearly in the two large land parcels for redevelopment, not the existing unlivable structure.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22268, living area = 219.
Significant Land Size: The property includes two large parcels totaling 40,617 square feet, offering substantial space for development or a custom estate.
Development Potential: This is a prime opportunity for contractors, developers, or handy homeowners to build a dream oasis or potentially multiple units (subject to zoning).
Existing Utilities: Water, electricity, and sewer connections are already in place, which significantly reduces initial development costs and complexities.
Views: The property offers views, likely of the surrounding hills, enhancing its aesthetic appeal and potential value.
Privacy and Location: Located at the end of McGroarty Street, the property likely offers a private and secluded setting.

Cons

Existing House Condition & Size: The current 219 sqft house, built in 1920, is extremely compact and requires significant renovation or likely demolition, representing a major upfront investment.
Downslope Topography: While there are level areas, the overall downslope nature of the land can present challenges and increased costs for construction and landscaping.
Limited Immediate Livability: The property is not move-in ready and requires substantial work before it can be comfortably inhabited, appealing to a niche buyer market.

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