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17823 Rinaldi Street, Granada Hills, California 91344, Granada Hills, 91344 - 3 bed, 2 bath

17823 Rinaldi Street, Granada Hills, California 91344 home-pic-0
ACTIVE$975,000
17823 Rinaldi Street, Granada Hills, California 91344
3Beds
2Baths
1,680Sqft
18,904Lot
Year Built
1948
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$580
HOA
-
Days on market
-
Sold On
-
MLS number
25564243
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 20% below the list price. We found 3 Cons,7 Pros. Rank: price - $975.0K(38th), sqft - 1680(31th), beds - 3(38th), baths - 2(50th).

Heavy Fixer/Exceptional Development or Renovation Opportunity in Prime Granada Hills! Ideal for Cash or Hard Money Buyers Only. Set on an expansive flag lot tucked away from the street, this double-gated property presents a rare opportunity to reimagine or rebuild in one of Granada Hills' most desirable neighborhoods. A circular driveway and mature landscaping provide a peaceful, private atmosphere, while the generous lot size offers ample space to design a custom home with the potential to add 1-2 ADU's (buyer to verify local regulations). Located just minutes from top-rated public and private schools, scenic parks, hiking trails, and with easy access to the 118 and 405 Freeways, this property combines convenience with endless potential. A true hidden gem for an end-user looking to create their dream oasis or a savvy investor seeking a promising project. BLIND OFFERS WILL NOT BE RESPONDED TO.

Nearby schools

7/10
Andasol Avenue Elementary School
Public,•K-5•1.8mi
6/10
Tulsa Street Elementary School
Public,•K-5•1.8mi
9/10
Mayall Street Elementary School
Public,•K-5•2.3mi
7/10
Haskell Elementary School
Public,•K-5•2.7mi
5/10
Danube Avenue Elementary School
Public,•K-5•2.7mi
9/10
Vintage Math/Science/Technology Magnet School
Public,•K-5•3.2mi
3/10
El Dorado Avenue Elementary School
Public,•K-5•3.5mi
4/10
Herrick Avenue Elementary School
Public,•K-5•4.1mi
6/10
Wiley Canyon Elementary School
Public,•K-6•7.0mi
9/10
Robert Frost Middle School
Public,•6-8•1.2mi
5/10
Patrick Henry Middle School
Public,•6-8•1.4mi
7/10
George K. Porter Middle School
Public,•6-8•2.7mi
4/10
Olive Vista Middle School
Public,•6-8•4.6mi
9/10
Rancho Pico Junior High School
Public,•7-8•9.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•1.7mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•1.8mi
6/10
John F. Kennedy High School
Public,•9-12•2.0mi
7/10
Northridge Academy High
Public,•9-12•2.4mi
10/10
West Ranch High School
Public,•9-12•9.5mi

Price History

Date
Event
Price
07/14/25
Listing
$975,000
Condition Rating
Tear down
Built in 1948, this property is explicitly marketed as a 'Heavy Fixer/Exceptional Development or Renovation Opportunity' with the option to 'reimagine or rebuild.' The requirement for 'Cash or Hard Money Buyers Only' further indicates that the existing structure is not in a condition suitable for conventional financing, suggesting significant defects or a state where its value is primarily in the land and its redevelopment potential. While no interior photos are provided, the description strongly implies the current structure is either unlivable or beyond economical repair, aligning with the 'tear-down' criteria.
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 = 18904, living area = 1680.
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).
Exceptional Development/Renovation Opportunity: The property is explicitly marketed as a 'Heavy Fixer/Exceptional Development or Renovation Opportunity,' appealing to investors or end-users looking to customize or rebuild.
Expansive & Private Lot with ADU Potential: Set on a generous 18,904 sqft double-gated flag lot, it offers ample space for a custom home design and the valuable potential to add 1-2 Accessory Dwelling Units (ADUs).
Prime Granada Hills Location: Located in one of Granada Hills' most desirable neighborhoods, offering inherent value and potential for appreciation.
Convenient Access to Amenities & Freeways: Minutes from top-rated schools, scenic parks, hiking trails, and with easy access to the 118 and 405 Freeways, enhancing lifestyle and connectivity.
Peaceful & Secluded Atmosphere: The tucked-away, double-gated setting with mature landscaping provides a rare sense of privacy and tranquility.

Cons

Heavy Fixer/Significant Investment Required: The property is a 'Heavy Fixer,' indicating it requires substantial renovation, repair, or a complete rebuild, necessitating significant additional investment beyond the purchase price.
Restricted Buyer Pool (Cash/Hard Money Only): The requirement for 'Cash or Hard Money Buyers Only' severely limits the market, excluding buyers reliant on conventional financing.
Discrepancy Between Listing Price and Estimated Value: The listing price of $975,000 is significantly higher than the estimated value of $727,248.52, suggesting a potential overvaluation for its current condition or a high premium placed on its development potential, which may deter some buyers.

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