List Price: $870K

Listing Status: Active

Days on Market: 0

4 Bedrooms · 4 Bathrooms · 2,005 sq ft

Property Type: Residential

Year Built: 1955

Lot Size: 7,490 sq ft

Private Pool: Yes

MLS Number: SR26192962

About This Property

Welcome to an exceptional opportunity in Granada Hills! This versatile property features two permitted residences with separate addresses—11116 and 11118 Woodley Avenue—offering an ideal setup for multi-generational living, extended family, or potential rental income. The main residence offers approximately 1,300 square feet with 3 bedrooms and 2 bathrooms, featuring a thoughtfully designed floor plan that combines comfort and functionality. The spacious living room is highlighted by a cozy fireplace and recessed lighting, laminate flooring while the generously sized kitchen features granite countertops and ample space for everyday living and entertaining. Step outside to enjoy the private swimming pool and inviting backyard, complete with a covered patio and grassy area—perfect for relaxing, entertaining, or outdoor gatherings. Additional improvements include a newer roof installed in 2020 and updated plumbing. A gas line is also located near the pool, offering the potential to install a pool heating system. The property could benefit from some cosmetic updating, providing an excellent opportunity for a buyer to personalize the home to their own style and preferences. The property is equipped with a 35-panel Tesla solar system currently rented on a month-to-month basis for approximately $195 per month. Seller indicates that removal may be requested if the buyer prefers not to continue the solar arrangement. Buyer is advised to independently verify all terms and options directly with the solar provider. Adding tremendous value and flexibility is the private, permitted ADU located at 11118 Woodley Avenue, completed in late 2020. The approximately 705-square-foot ADU is currently configured as two separate living spaces. One is currently rented for $1,500 per month, while the second is expected to be delivered vacant and was previously rented for $1,600 per month. The ADU also features its own private entrance and gated backyard area, creating a private and independent living environment. Ideally situated in an established Granada Hills neighborhood near Target, Trader Joe’s, Granada Hills Charter High School, restaurants, parks, scenic hiking trails, shopping, and convenient freeway access. This unique property offers an outstanding combination of space, privacy, income potential, flexibility, and location—an excellent opportunity for owner-users, multi-generational households, or buyers seeking additional rental income potential.