18844 Saticoy Street, Reseda, California 91335, Reseda, 91335 - 3 bed, 2 bath
ACTIVE$850,000
18844 Saticoy Street, Reseda, California 91335
3Beds
2Baths
1,475Sqft
9,250Lot
Price Vs. Estimate
The estimated value ($538,059.76) is $311,940.24 (36%) lower than the list price ($850,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9250, living area = 1475.
Top Cons:
Extensive Renovation Required: The property 'needs lots of work,' implying significant deferred maintenance and requiring substantial capital investment and time for rehabilitation.
Compared to the nearby listings
Price:$850.0K vs avg $855.0K ($-5,000)50%
Size:1,475 sqft vs avg 1,535 sqft45%
Price/sqft:$576 vs avg $57450%
More Insights
Built in 1958 (67 years old).
Condition: The property was built in 1958, making it over 60 years old. The listing explicitly states it 'needs lots of work' and targets investors, indicating significant deferred maintenance and a requirement for substantial repairs and rehabilitation. Based on the age and description, the kitchen and bathrooms are highly likely to be original or very outdated, requiring full renovation. Major systems (electrical, plumbing, HVAC) are also expected to be at or beyond their useful life, necessitating significant upgrades. The images would likely show very dated fixtures, worn surfaces, and a general state of disrepair, consistent with a property requiring substantial rehabilitation.
Year Built
1958
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$576
HOA
-
Days on market
-
Sold On
-
MLS number
DW25049191
Home ConditionPoor
Features
Patio
View-
About this home
Attention Investors do not let this opportunity pass you by. This 3 Bedrooms and 2 Bathrooms house needs lots of work. This property is close to Restaurants, Grocery stores, Northridge Mall, Topanga Mall and Much more. Please do not disturb occupants, Call listing agent and make an appointment. Thank you
Nearby schools
2/10
Blythe Street Elementary School
Public,•K-5•0.5mi
5/10
Reseda Elementary School
Public,•K-5•0.5mi
5/10
Garden Grove Elementary School
Public,•K-5•0.9mi
3/10
Melvin Avenue Elementary School
Public,•K-5•0.9mi
5/10
Shirley Avenue Elementary School
Public,•K-5•1.0mi
3/10
Napa Street Elementary School
Public,•K-5•1.3mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.3mi
5/10
Cantara Street Elementary School
Public,•K-5•1.4mi
4/10
Stanley Mosk Elementary School
Public,•K-5•1.4mi
4/10
Stanley Mosk Elementary School
Public,•K-5•1.4mi
6/10
Newcastle Elementary School
Public,•K-5•1.7mi
3/10
Winnetka Avenue Elementary School
Public,•K-5•1.7mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.7mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.7mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.8mi
6/10
Lorne Street Elementary School
Public,•K-5•1.9mi
6/10
Lemay Street Elementary School
Public,•K-5•2.0mi
5/10
Lemay Street Elementary School
Public,•K-5•2.0mi
3/10
John A. Sutter Middle School
Public,•6-8•1.6mi
3/10
Northridge Middle School
Public,•6-8•1.6mi
3/10
William Mulholland Middle School
Public,•6-8•2.4mi
5/10
William Mulholland Middle School
Public,•6-8•2.6mi
6/10
Gaspar De Portola Middle School
Public,•6-8•2.8mi
5/10
Woodland Hills Charter Academy
Public,•6-8•3.4mi
4/10
Reseda Senior High School
Public,•9-12•1.5mi
7/10
Northridge Academy High
Public,•9-12•2.8mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.3mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.3mi
Condition Rating
Poor
The property was built in 1958, making it over 60 years old. The listing explicitly states it 'needs lots of work' and targets investors, indicating significant deferred maintenance and a requirement for substantial repairs and rehabilitation. Based on the age and description, the kitchen and bathrooms are highly likely to be original or very outdated, requiring full renovation. Major systems (electrical, plumbing, HVAC) are also expected to be at or beyond their useful life, necessitating significant upgrades. The images would likely show very dated fixtures, worn surfaces, and a general state of disrepair, consistent with a property requiring substantial rehabilitation.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9250, living area = 1475.
Investment Potential: Explicitly marketed towards investors, indicating a clear opportunity for value appreciation through significant renovation and modernization.
Prime Location & Amenities: Conveniently located close to a variety of amenities including restaurants, grocery stores, Northridge Mall, and Topanga Mall, enhancing lifestyle appeal.
Generous Lot Size: The property boasts a substantial 9,250 sqft lot, offering ample space for potential expansion, extensive landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Functional Layout: The 3-bedroom, 2-bathroom configuration is a practical and desirable layout, appealing to families or offering good potential for rental income.
Established Neighborhood: Located in Reseda, an established community, which typically offers stable property values and a mature neighborhood environment.
Cons
Extensive Renovation Required: The property 'needs lots of work,' implying significant deferred maintenance and requiring substantial capital investment and time for rehabilitation.
Significant Price Discrepancy: The listing price of $850,000 is considerably higher than the estimated property value of $538,059.76, suggesting a potential overvaluation relative to its current condition and market comparables.
Occupancy & Access Challenges: The instruction 'Please do not disturb occupants' indicates the property is tenant-occupied, which can complicate showings, inspections, and the closing process, potentially requiring tenant relocation.