16256 Horace Street
16256 Horace Street
$746,000
3
2
1,567
1,567
$476
Description
We're baaaaaack! This beautiful end of the cul-de-sac property backs to the magnificent, and now flowing, Bull Creek in the highly desirable northeast valley area of Granada Hills. The home is currently occupied by very lovely tenants who may be inclined to move upon the close of escrow, or not. It is turnkey for the investor and a plug and play situation. The tenant is paying way, way below market rent at $1,850 monthly on a month-to-month rental agreement. The super site Zillow ''Zestimates'' the...We're baaaaaack! This beautiful end of the cul-de-sac property backs to the magnificent, and now flowing, Bull Creek in the highly desirable northeast valley area of Granada Hills. The home is currently occupied by very lovely tenants who may be inclined to move upon the close of escrow, or not. It is turnkey for the investor and a plug and play situation. The tenant is paying way, way below market rent at $1,850 monthly on a month-to-month rental agreement. The super site Zillow ''Zestimates'' the rent at $3,933 per month. The tenant pays for utilities and is responsible for the landscape maintenance. With the tenant in mind, there is no lock box, no sign, and no disturbing their quite enjoyment of this fabulous Horace St. home. We have included photos to highlight just how well-kept this property is. We have attached the current termite report, natural hazards report, preliminary title report, available permits, certificate of occupancy (LADBS), water conservation retrofit report, lead based paint report and remediation and, of utmost importance, a complete property inspection report from the highly respected and well know LaRocca Inspection Associates. The property is being sold in as-is, where-is condition and the buyer is to be responsible for termite clearance and retrofit items, if required and desired by purchaser or their lender. The roof is pitched composite, foundation is raised, garage is a separate structure, and the drive is concrete and humongous. Plenty of parking for additional vehicles or recreational vehicles, etc. The backyard is gated and fenced and features a large, concrete patio partially covered with an awning. There is an outdoor kitchen type structure with bar-b-que and refrigerator, tile counters and sink. Need to verify if it is hooked up or the tenants, or what. There was an additional porch patio area at the southwest corner of the main structure. It has been enclosed and actually resembles the rest of the structure, looks like a very decent job (though I am not an expert), and the room is being used as an office/bonus room. We did not find any permits for the enclosure. There are window air conditioners but there is also a central air compressor located in the back. The hardwood floors, which appear to be original, have been refinished and stained with something that resembles a walnut finish. Dark brown, which looks really, really nice. Very warm and cozy, if you will. Kitchen and bathrooms have linoleum type covering. Also, nice but could be upgraded. You may notice the truly amazing access to the 118 freeway. Residents can sit back with a cold drink and enjoy the soothing hum of interstate travel while taking in the Bull Creek waterfront and colorful work performed by local artisans. This is an amazing opportunity for first time home buyers or seasoned investors. It is not perfect, what is? However, it has been professionally maintained by an experienced investor/owner who clearly cares about a tenant's well-being and enjoyment. It is a fabulous starting point. The property is not going to be delivered vacant and will be subject to the tenant's rights per the month-to-month rental agreements. It is important to note that there are provisions that may allow for an owner to gain possession of a property for their own occupancy or for a family member.
- Listed by Todd Schwartz • DRE #01136688 • Summit Realty Inc
Property Details for 16256 Horace Street
Zoning
LARS
Property Attached YNfalse
Parcel Number2680002020
Living Area1567
Source Living Area404
AreaGranada Hills (GH)
Subdivision NameNot Applicable - 1007242
Lot Size Area7766
Location
LISTING UPDATED: 04/29/2024 11:29 AM
Property Details for 16256 Horace Street
Status | Active |
---|---|
MLS # | 224001566VC |
Days on Market | 36 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1956 |
Lot Size | 0.18 AC / 7,766 SF |
County | Los Angeles County |
Location
Building Information for 16256 Horace Street
Stories1Year Built1956Building Size-Lot Size0.18 AC / 7,766 SF
Payment Calculator
$4,312 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 16256 Horace Street
Property History for 16256 Horace Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 16256 Horace Street
Taxable ValueLand$92,920Additions$120,862Total$213,782
Tax Record2023$2,897 ($241 / month)
Home Facts
Beds3Total Finished SqFt1,567 SqFtAbove Grade Finished SqFt1,567 SqFtStories1Lot Size7,719 SqFtStyleSingle Family ResidenceYear Built1956ZoningLARSCountyLOS ANGELESAPN2680-002-020
Schools near 16256 Horace Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
George K. Porter Middle School Public6 to 8 | ||
Valley Academy Of Arts And Sciences Public9 to 12 | ||
Northridge Academy High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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