
Reseda, California 91335
This Single Family Residence is a Strong Value Opportunity, listed at $775,577—positioned well below the $789,538 Fair Market Value by 1.77%. This valuation gap offers $13,961 in Instant Equity. Featuring a Fair Condition Rating with significant infrastructure upgrades like copper plumbing and a 200 Amp panel, the property offers immense ADU potential on its 6,722 sqft lot. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-potential asset in a central Reseda location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7024 Balcom Subject | $775,577* List Price | 2 | 2 | 1,141 | $692 | - |
A 7051 Chimineas Avenue Sold | $770,000 | 2 | 1 | 1,232 | $625 | 0.5 mi |
B 18166 Keswick Street Sold | $735,000 | 3 | 2 | 1,239 | $593 | 1.0 mi |
C 6648 Newcastle Avenue Sold | $850,000 | 3 | 1 | 1,200 | $708 | 0.5 mi |
D 6923 Enfield Sold | $855,000 | 4 | 2 | 1,449 | $590 | 0.2 mi |
E 6957 Lindley Avenue Sold | $730,000 | 3 | 1 | 1,184 | $617 | 0.4 mi |
F 18147 Archwood Street Sold | $710,000 | 3 | 1 | 1,087 | $653 | 0.6 mi |
G 7235 Yarmouth Active | $699,999 List Price | 2 | 2 | 1,120 | $625 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1949, the property underwent a comprehensive renovation approximately 5 years ago. Key upgrades include a completely modernized kitchen with stone counters and stainless appliances, updated bathrooms, and significant system improvements including copper plumbing, a 200-amp electrical service, tankless water heater, and dual-paned windows.
The property features significant mechanical and utility improvements, including copper plumbing, a 200 Amp electrical panel, a tankless water heater, and energy-efficient dual-paned windows, reducing future maintenance costs.
With a generous 6,722 sqft lot and a flexible floorplan, the property is ideally suited for the addition of an ADU or jADU, offering excellent value-add potential for investors or multi-generational living.
The home boasts a fully remodeled kitchen with stone countertops and stainless steel appliances, along with upgraded bathrooms, providing a contemporary aesthetic that appeals to modern buyers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1141, other record living area = 1032.
Having served as a rental for the past five years, the interior requires a full paint refresh and minor cosmetic attention to restore its optimal aesthetic appeal.
The sale requires buyer cooperation with the seller's 1031 Exchange, which may introduce specific procedural requirements or timeline constraints during the escrow process.
Tenant is now out and it's ready to show! First time on market in almost twenty years! Great location on a tree-lined street, close to schools, shopping, restaurants. Up and coming Reseda location, this home was upgraded by the current owner about five years ago. Original floors refinished! Laminate flooring installed! Hall bathroom upgraded! Bathroom added to second bedroom! Dual paned energy efficient windows installed throughout! Tankless water heater installed! Copper plumbing installed! Electrical service upgraded to 200 Amp panel with digital meter! New front door! Ductless climate unit in living room! Kitchen completely upgraded with modern cabinets, stone counters, tile backsplash, stainless stove, dishwasher and fridge! It had a really spiffy paint job, too, but after 5 years as a rental, that needs a refresh and we figured you'd want to do that, yourself, but the rest of it looks really excellent! We have a large master bedroom in back, with a den front room with a closet. Inside Laundry room off kitchen. Second bedroom has newer added bathroom. Floorplan looks pretty flexible for remodeling or addition of ADU or jADU, especially as it has a pretty decent lot size. Buyer is to verify all permits for property to satisfy themselves that it meets their needs. Square footage is as per recent appraisal, Assessor's office reports it as 1032. Buyer to cooperate with seller's 1031 Exchange at no cost to buyer. Best deal in Reseda, don't miss out on this one or you'll be kicking yourself!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,141 | 1,454.579 |
| Lot Size | 6,722 | 6,711.877 |
| Price | $775.6K | $825.4K |
| Price per sq ft | $680 | $560 |
| Built year | 1949 | 1952 |
| HOA | $0 | $0 |
| Days on market | 58 | 54 |
Jul 13, 2026
$775,577
Initial Listing
Aug 27, 2008
$289,000
Public Record