Real Estate Agent · Los Angeles, CA · Member since 2016 · 54 posts · 9 votes
Interested if any investors would consider Granada Hills to be a good rental location for two homes on a large lot. One is 2+2 and the back house is 4+ 3 with pool. private entrances and income from tenants around $5100 per month. $900K off market price.
Anyone have any experience buying, flipping or owning in Granada Hills?
@Siouxzie Hanes we host a meetup here in the Valley every 3rd Thursday of the month. Maybe bring the idea there and see what other investors think. Let me know if you want more info.
Granada Hills can be a good rental market, but the specifics of the neighborhood, schools, financials, and the financials are what determine if you have a good deal. Without having all the details its difficult to say with certainty, but the asking price vs the monthly revenue stream doesn't suggest its compelling. On surface, it seems like a full priced or even moderately inflated offer.
Interested if any investors would consider Granada Hills to be a good rental location for two homes on a large lot. One is 2+2 and the back house is 4+ 3 with pool. private entrances and income from tenants around $5100 per month. $900K off market price.
Anyone have any experience buying, flipping or owning in Granada Hills?
Thanks.
It is a good area. Better than average schools is part of the appeal and I think the GH high school is a 9 or 10? For LA public that is harder to find.
: Granada Hills Charter High School, one of the most sought-after public high schools in Los Angeles — and normally one of the hardest to get into.
@Siouxzie Hanes we host a meetup here in the Valley every 3rd Thursday of the month. Maybe bring the idea there and see what other investors think. Let me know if you want more info.