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18149 Welby Way, Reseda, California 91335, Reseda, 91335 - 8 bed, 5 bath

18149 Welby Way, Reseda, California 91335 home-pic-0
ACTIVE$1,329,000$3,100/sqft
Est. Value: $1,455,193
9%
BelowEstimate
18149 Welby Way, Reseda, California 91335
8Beds
5Baths
3,100Sqft
6,100Lot

Price Vs. Estimate

The estimated value ($1,455,192.73) is $126,192.73 (9%) higher than the list price ($1,329,000). This property may be underpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential: This multi-unit property offers significant rental income, with the main home leased for $3,500/month, a detached 1-bedroom unit with $1,750+ potential, and two newer 2-bedroom ADUs each with $2,800/month potential, totaling over $10,850+ monthly.
Top Cons:
Age of Original Structure: While extensively upgraded, the main home was built in 1951, which may imply older underlying infrastructure or systems not covered by the cosmetic and functional updates.

Compared to the nearby listings

Price:$1.33M vs avg $850.0K (+$479,000)95%
Size:3,100 sqft vs avg 1,530.5 sqft97%
Price/sqft:$429 vs avg $56614%

More Insights

Built in 1951 (75 years old).
Condition: Despite being built in 1951, the property has been extensively and recently renovated, as evidenced by the description and images. All four units feature contemporary kitchens with modern cabinets, countertops, and stainless steel appliances, and stylish bathrooms with new vanities, fixtures, and tiling. The presence of newer ADUs, paid solar, and tankless water heaters indicates significant, recent upgrades to major systems and overall aesthetics, meeting the criteria for an 'Excellent' condition.
Year Built
1951
Close
-
List price
$1.33M
Original List price
$1.33M
Price/Sqft
$429
HOA
-
Days on market
-
Sold On
-
MLS number
26637139
Home ConditionExcellent
Features
Patio
View-

About this home

BIG PRICE REDUCTION! This exceptional multi-unit income property is beautifully upgraded. Offering four separate MODERN living spaces, perfect for investors or multi-generational living. The main home features 3 spacious bedrooms and 2 baths, currently leased for $3,500/month to reliable tenants. A detached 1-bedroom unit offers the flexibility to lease for $1,750+ or use as an in-law suite, home office, or guest quarters. Additionally, there are two newer 2-bedroom ADUs, each with modern finishes and strong rental potential of $2,800/month. All units have been tastefully updated and thoughtfully designed for privacy and comfort, featuring contemporary kitchens, stylish baths, and private entrances. PAID SOLAR, tankless water, Water storage tanks, separate access points for each unit, automatic security gate, and more! The property also offers ample parking and low-maintenance landscaping. Located on a quiet residential street close to schools, shopping, restaurants, and major freeways, this is a prime investment opportunity generating strong monthly income with upside potential. MASSIVE INCOME POTENTIAL! Live in one and rent the others, or enjoy immediate cash flow from all four units. Don't miss this rare opportunity to own a versatile property in one of the Valley's most desirable neighborhoods.

O
Omar Helmand
Listing Agent

Nearby schools

6/10
Newcastle Elementary School
Public,•K-5•0.4mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•0.4mi
5/10
Lemay Street Elementary School
Public,•K-5•0.8mi
5/10
Garden Grove Elementary School
Public,•K-5•0.8mi
6/10
Lemay Street Elementary School
Public,•K-5•0.8mi
5/10
Reseda Elementary School
Public,•K-5•0.8mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.1mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.1mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.3mi
5/10
Shirley Avenue Elementary School
Public,•K-5•1.6mi
2/10
Blythe Street Elementary School
Public,•K-5•1.6mi
5/10
Cantara Street Elementary School
Public,•K-5•1.8mi
6/10
Lorne Street Elementary School
Public,•K-5•1.9mi
3/10
Melvin Avenue Elementary School
Public,•K-5•2.1mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.3mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.4mi
3/10
Napa Street Elementary School
Public,•K-5•2.5mi
3/10
Winnetka Avenue Elementary School
Public,•K-5•3.0mi
3/10
William Mulholland Middle School
Public,•6-8•1.3mi
5/10
William Mulholland Middle School
Public,•6-8•1.4mi
6/10
Gaspar De Portola Middle School
Public,•6-8•1.9mi
3/10
Northridge Middle School
Public,•6-8•2.2mi
3/10
John A. Sutter Middle School
Public,•6-8•2.5mi
5/10
Woodland Hills Charter Academy
Public,•6-8•3.5mi
4/10
Reseda Senior High School
Public,•9-12•0.2mi
7/10
Northridge Academy High
Public,•9-12•3.6mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.8mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.9mi

Price History

Date
Event
Price
04/02/01
Sold
$207,000
05/30/23
Sold
$1,175,000
04/19/02
Sold
$105,000
Condition Rating
Excellent
Despite being built in 1951, the property has been extensively and recently renovated, as evidenced by the description and images. All four units feature contemporary kitchens with modern cabinets, countertops, and stainless steel appliances, and stylish bathrooms with new vanities, fixtures, and tiling. The presence of newer ADUs, paid solar, and tankless water heaters indicates significant, recent upgrades to major systems and overall aesthetics, meeting the criteria for an 'Excellent' condition.
Pros & Cons

Pros

Exceptional Income Potential: This multi-unit property offers significant rental income, with the main home leased for $3,500/month, a detached 1-bedroom unit with $1,750+ potential, and two newer 2-bedroom ADUs each with $2,800/month potential, totaling over $10,850+ monthly.
Extensive Modern Upgrades: All four living spaces have been beautifully upgraded with modern finishes, contemporary kitchens, and stylish baths, ensuring tenant appeal and reduced immediate maintenance for an owner.
Energy Efficiency & Modern Amenities: The property boasts valuable features like PAID SOLAR, tankless water heaters, water storage tanks, separate access points for each unit, and an automatic security gate, enhancing efficiency and security.
Versatile Use & Privacy: Ideal for investors seeking strong cash flow, multi-generational living, or an owner-occupant looking to live in one unit and rent out the others, with each unit designed for privacy and comfort.
Multiple Separate Living Spaces: Offering four distinct and modern living units (3-bed main house, 1-bed detached unit, two 2-bed ADUs) provides diverse rental options and maximizes occupancy potential.

Cons

Age of Original Structure: While extensively upgraded, the main home was built in 1951, which may imply older underlying infrastructure or systems not covered by the cosmetic and functional updates.
Sub-optimal School Ratings: Several nearby public elementary and middle schools have relatively low ratings (e.g., 2-5), which could be a drawback for families prioritizing highly-rated public education.
Single Family Residence Classification: Despite functioning as a multi-unit income property, its classification as a 'Single Family Residence' might lead to complexities in financing, appraisal, or marketing to investors specifically seeking multi-family zoned properties.
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