Opportunity Knocks in Sylmar! This spacious single-family home with a permitted ADU offers tremendous upside for the buyer with vision. The property is ideal for first-time buyers ready to invest in sweet equity or seasoned investors looking for solid income potential. The home needs work, no sugarcoating it. From cosmetic upgrades to more extensive improvements, nearly every area of this property could benefit from attention and updates. But here's the upside: The bones are solid, the layout is versatile, and with the right improvements, this place can shine again. Inside the main house, you'll find five generously sized bedrooms and a functional, open-concept living area. The living room features tile floors, a fireplace, and flows into a dining space with recessed lighting. The kitchen is large and practical, with plenty of cabinet space, ready for a full upgrade to match your style. The home is currently divided (with permits) into two separate living areas. The front unit has three beds and two full baths, while the back unit offers two beds and one full bath, perfect for multigenerational living, rental income, or conversion back into one large single-family layout. The backyard is a good size, with room to reimagine outdoor living. It even has a pool that, with restoration, could be a showstopper. The 380 sq ft permitted ADU is a more modern studio space complete with a full bath, laminate flooring, recessed lighting, kitchen, mini-split A/C, and its own electrical panel and water meter. Whether you're looking for extra income or guest space, this addition is a big bonus. This property isn't move-in ready, but it is opportunity-ready. If you're looking for a well located home with potential, this is your chance to turn vision into value in the city of Sylmar.