19338 Elkwood, Reseda, California 91335, Reseda, 91335 - 6 bed, 4 bath
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19338 Elkwood
Reseda, California 91335
ACTIVE UNDER CONTRACT
CONDITION: GOOD
6Beds
4Baths
1,541Sq Ft
7,562Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$759,829
8% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $820,732 Fair Market Value by 2%. This valuation gap offers $21,732 in Instant Equity. Featuring a 6-bedroom, 4-bath layout with a separate living space and commercial-grade appliances, the home maintains a Condition Rating of 3. Its large lot and flexible configuration make it an ideal income-generating asset for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living solutions in the Los Angeles Unified district.
Estimated Market Value
$759,829+$60,829 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Reseda.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 19338 Elkwood Subject | $699,000* List Price | 6 | 4 | 1,541 | $493 | - |
A 19462 Arminta Sold | $775,000 | 4 | 2 | 1,601 | $484 | 0.2 mi |
B 7459 Vanalden Ave Sold | $889,000 | 4 | 2 | 1,740 | $511 | 0.5 mi |
C 18704 Saticoy Street Sold | $780,000 | 4 | 2 | 1,558 | $501 | 0.9 mi |
D 7037 Tunney Avenue Sold | $900,000 | 4 | 3 | 1,750 | $514 | 1.0 mi |
E 7355 Donna Avenue Pending | $824,950 List Price | 4 | 2 | 1,413 | $584 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property features a renovated kitchen with modern white shaker cabinets and high-end commercial-grade appliances (ZLINE range). Interior living areas have been updated with contemporary laminate flooring and fresh paint, making it move-in ready. While the 1953 build date and visible external roof ductwork indicate older structural bones and system retrofitting, the primary living spaces meet the criteria for a well-maintained, functional home.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7562, living area = 1541.
- Income Potential
The property features a separate 2-bedroom, 2-bathroom exterior living space and four bedrooms with direct exterior access, making it an ideal setup for rental income or multi-generational living.
- High Bedroom Count
Offering 6 bedrooms and 4 bathrooms at a sub-$800,000 price point provides exceptional utility and value for large families or investors looking to maximize occupancy.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
- Cramped Living Space
With 6 bedrooms distributed across only 1,541 square feet, the individual room sizes and common areas are likely to be very small and may feel congested.
- As-Is Condition
The property is offered in its current condition, which typically indicates deferred maintenance or the need for significant capital investment to modernize the 1953 structure.
About 19338 Elkwood
Here is your chance to own this mega opportunity- homeowner simply decided he wants it sold! 100K price reduction! Unique Six-Bedroom, Four-Bath Property with Income Potential! Discover an exceptional opportunity featuring a spacious four-bedroom, two-bath primary residence plus a separate two-bedroom, two-bath exterior living space, offering a total of six bedrooms and four bathrooms. This versatile property is ideal for extended family living, multi-generational households, or those seeking potential rental-income opportunities. The property features upgraded commercial-grade appliances, adding functionality and appeal for both everyday living and entertaining. Four of the six bedrooms offer direct exterior access, providing added privacy and flexibility for occupants or potential rental arrangements. Outdoor amenities include a private basketball court, creating an ideal setting for recreation and entertaining. With its flexible layout and multiple living spaces, this property offers numerous possibilities for an owner-user, extended family, or investor. Priced to sell and offered in its current condition—don't miss the opportunity to unlock the full potential of this unique property!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 7,562 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Reseda Unified Schools
Melvin Avenue Elementary School
Grades K-5 • 0.3 mi
3/10
Blythe Street Elementary School
Grades K-5 • 0.8 mi
2/10
Stanley Mosk Elementary School
Grades K-5 • 1.0 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,541 | 1,454.579 |
| Lot Size | 7,562 | 6,711.877 |
| Price | $699.0K | $825.4K |
| Price per sq ft | $454 | $560 |
| Built year | 1953 | 1952 |
| HOA | $0 | $0 |
| Days on market | 28 | 54 |
Pricing History
Listed for Sale
Aug 28, 2026
$699,000
$799,000
-13% Price Drop
Initial Listing
Price Change
Aug 12, 2026
$799,000
Initial Listing
Sold
Oct 27, 2008
$270,000
Public Record
Sold
Jul 28, 2006
$549,000
Public Record
Sold
May 2, 2002
$250,000
Public Record