17520 Kingsbury st, Granada Hills, CA 91344
Pending
$2,695,000
5 Units
16 Beds
0 Baths
8,305 Area(sq.ft.)
Lot: 45,110 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 0 | No | $ 3,276 | $ 3,276 | $ 3,630 |
| Unit 2 | 1 | 3 | 0 | No | $ 2,284 | $ 2,284 | $ 3,750 |
| Unit 3 | 1 | 3 | 0 | No | n/a | n/a | $ 3,630 |
| Unit 4 | 1 | 3 | 0 | No | $ 3,295 | $ 3,295 | $ 3,750 |
| Unit 5 | 1 | 4 | 0 | No | $ 2,823 | $ 2,823 | $ 5,250 |
| 5 | 16 | 0 | $ 11,678 | $ 11,679 | $ 20,010 |
| MLS #: | SR25048001MR |
| Days On Market: | 52 |
| Listing Date: | March 4, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 325 |
| Price per unit: | $ 539,000 |
| Year Built: | 1959 |
Property Details
Presenting a unique investment opportunity: a 1.035-acre property featuring five individual houses, each with its own yard and parking, thoughtfully arranged to create a picturesque, village-like setting within the Granada Hills Charter High School boundaries. The front house (17520) boasts 4 bedrooms, 3 bathrooms, nearly 3,000 sq ft of living space, and a 4-car carport. The four additional homes each feature 3 bedrooms, 2 bathrooms, and a private 1-car garage 17514 and 17518 offer 1,215 sq ft, while 17516 and 17518 1/2 provide a more spacious 1,464 sq ft. All residences are equipped with central air and heating, private laundry facilities, separate gas and electric meters, and updated electrical panels the main house's upgrade occurred between 2003-2007, with all others updated in 2024. Recent enhancements include new roofs for 17514, 17516, and 17518 within the past year, along with water sub-meters. Currently, all houses are rented except for 17518, offering the new owner the flexibility to occupy or lease it. The expansive vacant land at the rear of the lot presents exciting possibilities whether exploring the potential to add ADUs under the city's high-density zoning (buyer to verify) or enhancing the community with a pool, community garden/park, and/or other desirable amenities for residents. This property seamlessly blends immediate rental income with significant expansion potential, making it an exceptional investment prospect.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 61,248 |
| Net Operating Income: | $ 125,172 |
| Cap Rate: | 4.65% |
Structure
| Community Features: | Curbs, Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Carport, Driveway, Garage, Garage - 1 Car, Parking for Guests, Private, Shared Driveway, Side By Side |
| Total Parking: | 20 |
Interior
| Cooking Appliances: | Oven-Gas, Range |
| AC/Cooling: | Central |
| Equipment: | Garage, Laundry Closet Stacked, Other, Outside, Room, Stackable W/D Hookup |
| Heating: | Central |
| Fireplace Rooms: | Family Room, Living Room, Two Way |
| Laundry: | Garage, Laundry Closet Stacked, Other, Outside, Room, Stackable W/D Hookup |
Exterior
| Exterior Construction: | Frame, Stucco |
| Pool: | No |
| Roof: | Composition, Tile |
| Spa: | No |
Detailed Map
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