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John Rhee

johnrhee.re@gmail.com +1(714) 675-5821

$ 1,200,000

Est. payment | -/mo

5 Beds

4 Baths

2,267 SqFt

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$ 1,200,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

4 Baths

2,267 SqFt

Open House

Sat Jul 18, 1:00pm - 4:00pm

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,267 sqft

Price per Sqft $529

MLS Listing ID 226003414

Bedrooms 5

Full Baths 3

Three Quarter Bath 1

Construction Status Fixer

HOA Y/N No

Year Built 1961

Lot Size 0.366 Acres

Property Description

Unlock the possibilities with this rare duplex-zoned property in the heart of Granada Hills, offering two separate addresses--12306 and 12308 El Oro--each with its own utility meters, private entrance, and generous backyard. Whether you're an investor seeking strong value-add potential, a developer looking to maximize the site, or an owner-occupant interested in offsetting expenses with rental income, this unique property presents a wealth of opportunities.The front residence, 12306 El Oro, was built in 1961 and features 3 bedrooms, 1.5 bathrooms, a spacious backyard, and an attached two-car garage.The rear residence, 12308 El Oro, was built in 1986 and offers 2 bedrooms plus a bonus room, 2 bathrooms, soaring ceilings, and a cozy fireplace, creating a bright and inviting living space.With duplex zoning, separate meters, and two distinct addresses already in place, the possibilities are exceptional. Explore the potential to split the parcel (buyer to verify with the city), sell the homes individually, add ADUs to each residence, or create a multi-generational living arrangement with room to grow. Large private yards provide additional flexibility for future expansion while maintaining outdoor space.Properties offering this combination of existing improvements, separate infrastructure, and redevelopment potential rarely become available. Conveniently located near shopping, dining, parks, schools, and freeway access, this is a standout investment opportunity in one of Granada Hills' most desirable neighborhoods.

Location

State CA

County Los Angeles

Area Gh - Granada Hills

Zoning LARS

Interior

Interior Features High Ceilings, Open Floorplan, Storage, All Bedrooms Down, Bedroom on Main Level, Dressing Area, Galley Kitchen, Walk-In Closet(s), Workshop

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type Family Room, Gas

Fireplace Yes

Laundry Inside, Laundry Closet, In Kitchen

Exterior

Parking Features Carport, Direct Access, Door-Single, Driveway, Garage, Guest, Gated, Shared Driveway

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Utilities Available Overhead Utilities

View Y/N No

Total Parking Spaces 10

Private Pool No

Building

Lot Description Back Yard, Corners Marked, Lawn, Level, Near Public Transit, Rectangular Lot, Walkstreet, Yard

Story 1

Entry Level One

Foundation Slab

Architectural Style Custom, Ranch

Level or Stories One

Construction Status Fixer

Others

Senior Community No

Tax ID 2608022023

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://www.zillow.com/view-imx/cff79964-a2e2-4d08-8fa4-64c936a7d505?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by David Samuels Keller Williams Westlake Village #02219765

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John Rhee

Team Leader | License ID: 2203336

+1(714) 675-5821 | johnrhee.re@gmail.com

12308 El Oro WAY Granada Hills, CA 91344

John Rhee

Open House

Key Details

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Interior

Exterior

Building

Others

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12308 El Oro WAY