16256 Horace Street
Granada Hills, CA 91344
- 3 beds
- 2 baths
- 1,567 sqft
- 7,766 sqft lot
- $476 per sqft
- 1956 build
- – on site
We're baaaaaack! This beautiful end of the cul-de-sac property backs to the magnificent, and now flowing, Bull Creek in the highly desirable northeast valley area of Granada Hills. The home is currently occupied by very lovely tenants who may be inclined to move upon the close of escrow, or not. It is turnkey for the investor and a plug and play situation. The tenant is paying way, way below market rent at $1,850 monthly on a month-to-month rental agreement. The super site Zillow ''Zestimates'' the rent at $3,933 per month. The tenant pays for utilities and is responsible for the landscape maintenance. With the tenant in mind, there is no lock box, no sign, and no disturbing their quite enjoyment of this fabulous Horace St. home. We have included photos to highlight just how well-kept this property is. We have attached the current termite report, natural hazards report, preliminary title report, available permits, certificate of occupancy (LADBS), water conservation retrofit report, lead based paint report and remediation and, of utmost importance, a complete property inspection report from the highly respected and well know LaRocca Inspection Associates. The property is being sold in as-is, where-is condition and the buyer is to be responsible for termite clearance and retrofit items, if required and desired by purchaser or their lender.The roof is pitched composite, foundation is raised, garage is a separate structure, and the drive is concrete and humongous. Plenty of parking for additional vehicles or recreational vehicles, etc. The backyard is gated and fenced and features a large, concrete patio partially covered with an awning. There is an outdoor kitchen type structure with bar-b-que and refrigerator, tile counters and sink. Need to verify if it is hooked up or the tenants, or what. There was an additional porch patio area at the southwest corner of the main structure. It has been enclosed and actually resembles the rest of the structure, looks like a very decent job (though I am not an expert), and the room is being used as an office/bonus room. We did not find any permits for the enclosure.There are window air conditioners but there is also a central air compressor located in the back. The hardwood floors, which appear to be original, have been refinished and stained with something that resembles a walnut finish. Dark brown, which looks really, really nice. Very warm and cozy, if you will. Kitchen and bathrooms have linoleum type covering. Also, nice but could be upgraded.You may notice the truly amazing access to the 118 freeway. Residents can sit back with a cold drink and enjoy the soothing hum of interstate travel while taking in the Bull Creek waterfront and colorful work performed by local artisans. This is an amazing opportunity for first time home buyers or seasoned investors. It is not perfect, what is? However, it has been professionally maintained by an experienced investor/owner who clearly cares about a tenant's well-being and enjoyment. It is a fabulous starting point. The property is not going to be delivered vacant and will be subject to the tenant's rights per the month-to-month rental agreements. It is important to note that there are provisions that may allow for an owner to gain possession of a property for their own occupancy or for a family member.
Listed By CRMLS_CA / Todd Schwartz / Summit Realty Inc
Last checked:
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Last updated Apr 30, 2024
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MLS# 224001566 —
Monthly cost estimate
Asking price
$746,000
Expense | Monthly cost |
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Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,994
|
Taxes | N/A |
Insurance | $205 |
Utilities | $188 See report |
Total | $4,387/mo.* |
*This is an estimate |
Walk Score®
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Bike Score®
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Transit Score®
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Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
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Air Pollution Index
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/25/24
Apr 25, 2024
|
Listed / Active | CRMLS_CA | $746,000 | |
4/19/23
Apr 19, 2023
|
Listed / Active | CRMLS_CA |
57% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $52k above asking price on average, but some went as high as $151k over asking price.