Incredible investment and development opportunity in the heart of Granada Hills! Two duplexes totaling four 1-bedroom, 1-bath units sit on an expansive 10,500+ sq. ft. lot and include two detached two-car garages. The property offers tremendous potential for an investor or developer looking to capitalize on the generous lot size and existing improvements. The two existing garage structures may provide an opportunity to explore the addition of two units, potentially creating a six-unit configuration. Buyer to independently verify all development potential, zoning, permits, and requirements with the appropriate agencies. Recent improvements include upgraded electrical systems and new panels brought up to current code and the exterior was updated with new wood/Tyvek and painted in 2022. Three of the four units feature waterproof faux-wood laminate flooring and freshly painted interiors. Located within walking distance to grocery stores, restaurants, shopping, and everyday conveniences, this property offers a rare combination of a substantial lot, four existing units, significant garage space, and future development possibilities in a desirable Granada Hills location. An opportunity worth exploring for investors and developers looking for their next value-add project.
RARE THREE-UNIT OPPORTUNITY IN GRANADA HILLS! Ideally located above Rinaldi Street and close to Robert Frost Middle School, this exceptional corner-lot property offers three fully permitted residences, each with its own address, private entry, air conditioning, in-unit laundry hook ups, and water heater. With 3,029 sq. ft. of total living space, this property provides exceptional flexibility for multi-generational living, extended family, rental income, or an owner-user seeking additional space. The main residence, 12418 Bradford Pl, features approximately 1,600 sq. ft. with 3 bedrooms and 2 bathrooms. The home includes its own private backyard and an insulated storage structure, providing valuable additional space for storage, hobbies, or a home workspace. The main home's HVAC system was replaced in 2023. The permitted ADU at 12420 Bradford Pl, built in 2023, offers approximately 1,000 sq. ft. with 2 bedrooms and 1 bathroom, its own private entrance from the side street, and a separate backyard. Thoughtfully integrated into the property, the ADU offers excellent privacy from the main residence. The ADU HVAC system was installed in 2025. The permitted Junior ADU at 12416 Bradford Pl, also built in 2023, offers 420 sq. ft. with 1 bedroom and 1 bathroom with its own private entrance. The Junior ADU HVAC system was installed in 2023. All three units are separately addressed and permitted, with each residence equipped with its own AC system and dedicated water heater. The property also features PAID-OFF solar with two backup batteries, providing an added level of energy efficiency and resilience. The two-car driveway is equipped with a 240-volt outlet for electric vehicle charging. The corner-lot configuration creates excellent separation and privacy between the three residences, with private entries and separate outdoor areas for each unit. The two ADUs are currently vacant, while the main home is tenant occupied by excellent tenants who would love to remain. However, the main residence can also be delivered vacant at close of escrow if desired by the buyer. A unique and versatile property offering three permitted residences in a desirable Granada Hills location, with multiple possibilities for homeowners, extended families, and investors.
A rare opportunity to acquire a generational multifamily asset in one of the San Fernando Valley's most desirable rental markets. Offered for sale for the first time since its original development, the property has remained under the ownership of the original developer's family for more than five decades and occupies an exceptional site in the heart of Granada Hills. Opportunities to acquire an apartment community of this scale on such a large parcel are increasingly limited, particularly in a neighborhood defined by strong residential fundamentals, limited multifamily inventory, and enduring renter demand. The property offers a compelling combination of immediate value-add potential and long-term development upside. Several vacant units allow investors to implement a renovation program and capture top-of-market rents, while the oversized 1.25-acre site creates a unique opportunity to explore additional density through ADU development. Assumptions have been made related to the potential income of the vacant units in the income details section. The existing recreation room may present a conversion opportunity under California housing legislation, including SB 1211, and the substantial excess land area may support additional ground-up ADUs, subject to buyer verification. Importantly, the electrical sub-panels were upgraded in 2025, reducing near-term capital expenditure needs and enhancing the property's readiness for future improvements. Located in the highly sought-after Granada Hills community, the property benefits from outstanding regional connectivity with convenient access to both the 118 and 405 Freeways, providing direct links to major employment centers throughout the San Fernando Valley and greater Los Angeles. Residents are drawn to the area's strong quality of life, established residential character, and highly regarded educational offerings, including proximity to Granada Hills Charter High School, one of California's most recognized public charter schools. The surrounding neighborhood is anchored by major retail destinations such as Balboa Mission Center and Granada Village, offering residents convenient access to a wide range of shopping, dining, and everyday services.
Granada Hills is located in California.
