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16124 San Fernando Mission Boulevard, Granada Hills, California 91344, Granada Hills, 91344 - bed, bath

16124 San Fernando Mission Boulevard, Granada Hills, California 91344 home-pic-0
ACTIVE$1,299,000
16124 San Fernando Mission Boulevard, Granada Hills, California 91344
0Bed
0Bath
2,580Sqft
7,203Lot
Year Built
1954
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$503
HOA
-
Days on market
-
Sold On
-
MLS number
CV25264882
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.30M(75th), sqft - 2580(75th), beds - undefined(25th), baths - undefined(25th).

Welcome to 16124 San Fernando Mission Blvd — a standout multi-family opportunity in the heart of Granada Hills. This fully income-producing triplex offers 2,580 sq. ft. across three modern units and delivers a strong 7% cap rate, making it ideal for investors or an owner-occupant looking to offset their mortgage. The main home is a spacious 2-bed, 2-bath unit (1,250 sq. ft.) rented at $3,390/month, the attached 1-bed, 1-bath JADU (500 sq. ft.) brings in $1,990/month, and the newly built detached 2-bed, 2-bath ADU (830 sq. ft.) earns $3,100/month. All units offer modern layouts, in-unit laundry, and central AC/heat. Located near shopping, dining, and major freeways, this property is highly attractive to renters, making 16124 San Fernando Mission Blvd a rare chance to secure a high-performing investment in a prime Granada Hills location.

Nearby schools

7/10
Haskell Elementary School
Public,•K-5•0.4mi
5/10
Danube Avenue Elementary School
Public,•K-5•0.5mi
6/10
Tulsa Street Elementary School
Public,•K-5•0.6mi
9/10
Vintage Math/Science/Technology Magnet School
Public,•K-5•1.4mi
9/10
Mayall Street Elementary School
Public,•K-5•1.4mi
7/10
Andasol Avenue Elementary School
Public,•K-5•2.2mi
3/10
El Dorado Avenue Elementary School
Public,•K-5•2.3mi
4/10
Herrick Avenue Elementary School
Public,•K-5•3.1mi
6/10
Wiley Canyon Elementary School
Public,•K-6•8.4mi
7/10
George K. Porter Middle School
Public,•6-8•0.6mi
5/10
Patrick Henry Middle School
Public,•6-8•1.8mi
9/10
Robert Frost Middle School
Public,•6-8•2.2mi
4/10
Olive Vista Middle School
Public,•6-8•3.4mi
9/10
Rancho Pico Junior High School
Public,•7-8•11.0mi
6/10
John F. Kennedy High School
Public,•9-12•0.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•1.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•1.4mi
7/10
Northridge Academy High
Public,•9-12•2.9mi
10/10
West Ranch High School
Public,•9-12•11.2mi

Price History

Date
Event
Price
11/23/25
Listing
$1,299,000
07/31/24
Sold
$715,000
Condition Rating
Excellent
Despite the original structure's 1954 build year, the property has undergone extensive and recent renovations, as described by 'modern units' and clearly depicted in the images. The kitchens feature new shaker-style cabinets, quartz countertops, stainless steel appliances, and modern black fixtures and lighting. Bathrooms are equally updated with contemporary freestanding tubs, subway tile, and sleek black hardware. New wood-look flooring, central AC/heat, and modern light fixtures throughout indicate a comprehensive overhaul, making all visible components virtually new and meeting current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: Mayall Street Elementary School (9/10). Middle School: Robert Frost Middle School (9/10). High School: West Ranch High School (10/10).
Strong Income & Cap Rate: This triplex is fully income-producing with a strong 7% cap rate and a total monthly income of $8,480, making it an attractive high-performing investment.
Modern & Updated Units: All three units feature modern layouts, in-unit laundry, and central AC/heat, appealing to renters and minimizing immediate renovation needs for a buyer.
Versatile Investment Opportunity: The property is ideal for both seasoned investors seeking cash flow and owner-occupants looking to significantly offset their mortgage with rental income.
Maximized Rental Potential: The inclusion of a newly built detached ADU and an attached JADU significantly enhances rental income potential and property value, aligning with current market demands.
Prime Renter-Friendly Location: Strategically located near shopping, dining, and major freeways, ensuring high tenant demand and consistent occupancy rates.

Cons

Age of Original Structure: While units are modern, the main home was built in 1954, suggesting potential for older underlying infrastructure (e.g., plumbing, electrical) that may require future capital expenditures.
Rapid Price Appreciation: The current list price of $1.299M represents a significant increase from its last sale price of $715K in July 2024, warranting thorough due diligence on valuation and market comparables.
Inconsistent Property Type: Described as a 'triplex' and 'multi-family' but listed with a 'Condominium' sub_type, this discrepancy requires clarification as it could impact financing, legal structure, and future resale.

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