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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,267 sqft
Price per Sqft $529
MLS Listing ID 226003410
Style Ranch
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1961
Lot Size 0.366 Acres
Property Sub-Type Single Family Residence
Source Conejo Simi Moorpark Association of REALTORS®
Property Description
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
Interior
Interior Features Walk-In Closet, In-Law Suite, High Ceilings, Drywall Walls, Open Floor Plan, Storage Space
Heating Central Furnace
Cooling Central A/C
Flooring Wood/Wood Like
Fireplaces Type Other, Family Room, Gas
Laundry Area in Unit, In Closet, In Kitchen, Inside, Laundry Area
Exterior
Parking Features Garage Attached, Private, Driveway, Garage, Direct Access, Garage - 1 Door
Garage Spaces 2.0
View Y/N No
Building
Lot Description Back Yard, Corners Established, Fenced, Fenced Yard, Front Yard, Lawn, Lot Shape-Rectangle, Lot-Level/Flat, Raw Land, Room for a Pool, Single Lot, Street Asphalt, Street Lighting, Wooded, Near Public Transit
Story 1
Sewer In Street
Schools
Elementary Schools El Oro
Middle Schools Frost
High Schools Kennedy
Others
Virtual Tour https://www.zillow.com/view-imx/cff79964-a2e2-4d08-8fa4-64c936a7d505?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Nearby Locations
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823