7044 Nestle Avenue, Reseda, California 91335, Reseda, 91335 - 4 bed, 3 bath
ACTIVE$975,000$1,880/sqft
Est. Value: $1,052,662
7%
BelowEstimate
7044 Nestle Avenue, Reseda, California 91335
4Beds
3Baths
1,880Sqft
7,292Lot
Price Vs. Estimate
The estimated value ($1,052,662.22) is $77,662.22 (7%) higher than the list price ($975,000). This property may be underpriced.
Key pros and cons
Top Pros:
Exceptional Income Potential / Multigenerational Living: The property features three distinct living units (main 3B/2B, 2B/1B apartment, studio with kitchenette), offering significant rental income opportunities or flexible multigenerational housing solutions.
Top Cons:
Unverified Permitting for Conversions: The conversion of a single-family residence into three separate living spaces, including a garage conversion, may lack proper permitting, potentially leading to legal or financing challenges for buyers.
Compared to the nearby listings
Price:$975.0K vs avg $850.0K (+$125,000)73%
Size:1,880 sqft vs avg 1,530.5 sqft72%
Price/sqft:$519 vs avg $56634%
More Insights
Built in 1948 (78 years old).
Condition: Despite being built in 1948, this property has undergone extensive and recent renovations, transforming it into three distinct, modern living spaces. The description explicitly states 'many modern upgrades done to it, including the flooring and lighting of all 3 different units, new plumbing and gas lines in the house, and the installation of solar panels.' The images confirm this, showcasing new LVP flooring, recessed lighting, and fresh paint throughout. The main unit's master bathroom features a high-end freestanding tub, black modern fixtures, and new tiling, appearing virtually new. The second unit boasts a 'very spacious new kitchen' with modern white shaker cabinets and black subway tile backsplash, along with a mini-split system. The garage conversion studio also has a new kitchenette and bathroom. All visible components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning with an 'Excellent' condition score based on recent extensive renovations.
Year Built
1948
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$519
HOA
-
Days on market
-
Sold On
-
MLS number
IV25280046
Home ConditionExcellent
Features
Pool
Patio
View-
About this home
Welcome to this beautiful pool home that has been modified to include two separate living spaces for either multigenerational living or rental income. The original layout of 4 bedrooms and 3 bathrooms with an attached garage was adjusted to create the total of three separate living spaces. The main one now being made up of 3 bedrooms with 2 bathrooms. The second one is attached to the back of the first one and it includes a 2 bedrooms, 1 bathroom apartment with a very spacious new kitchen and a mini split. The third space replaced the garage into a studio with a kitchenette with an electric range, 1 bathroom, and a mini split. The house has had many modern upgrades done to it, including the flooring and lighting of all 3 different units, new plumbing and gas lines in the house, and the installation of solar panels. The two added units were being rented before, but are currently vacant. Don't hesitate to come see all the opportunities that this house presents to your family!
I
IRAN MARQUEZ-NAVA
Listing Agent
Nearby schools
3/10
Bertrand Avenue Elementary School
Public,•K-5•0.3mi
5/10
Garden Grove Elementary School
Public,•K-5•0.4mi
5/10
Reseda Elementary School
Public,•K-5•0.5mi
6/10
Newcastle Elementary School
Public,•K-5•0.7mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.0mi
6/10
Lemay Street Elementary School
Public,•K-5•1.0mi
5/10
Lemay Street Elementary School
Public,•K-5•1.0mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.0mi
2/10
Blythe Street Elementary School
Public,•K-5•1.3mi
5/10
Cantara Street Elementary School
Public,•K-5•1.4mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.5mi
5/10
Shirley Avenue Elementary School
Public,•K-5•1.5mi
6/10
Lorne Street Elementary School
Public,•K-5•1.6mi
3/10
Melvin Avenue Elementary School
Public,•K-5•1.9mi
3/10
Napa Street Elementary School
Public,•K-5•2.1mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.2mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.2mi
3/10
Winnetka Avenue Elementary School
Public,•K-5•2.7mi
3/10
William Mulholland Middle School
Public,•6-8•1.4mi
5/10
William Mulholland Middle School
Public,•6-8•1.6mi
3/10
Northridge Middle School
Public,•6-8•1.8mi
6/10
Gaspar De Portola Middle School
Public,•6-8•2.3mi
3/10
John A. Sutter Middle School
Public,•6-8•2.3mi
5/10
Woodland Hills Charter Academy
Public,•6-8•3.7mi
4/10
Reseda Senior High School
Public,•9-12•0.6mi
7/10
Northridge Academy High
Public,•9-12•3.2mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.5mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.5mi
Price History
Date
Event
Price
01/10/23
Sold
$750,000
Condition Rating
Excellent
Despite being built in 1948, this property has undergone extensive and recent renovations, transforming it into three distinct, modern living spaces. The description explicitly states 'many modern upgrades done to it, including the flooring and lighting of all 3 different units, new plumbing and gas lines in the house, and the installation of solar panels.' The images confirm this, showcasing new LVP flooring, recessed lighting, and fresh paint throughout. The main unit's master bathroom features a high-end freestanding tub, black modern fixtures, and new tiling, appearing virtually new. The second unit boasts a 'very spacious new kitchen' with modern white shaker cabinets and black subway tile backsplash, along with a mini-split system. The garage conversion studio also has a new kitchenette and bathroom. All visible components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning with an 'Excellent' condition score based on recent extensive renovations.
Pros & Cons
Pros
Exceptional Income Potential / Multigenerational Living: The property features three distinct living units (main 3B/2B, 2B/1B apartment, studio with kitchenette), offering significant rental income opportunities or flexible multigenerational housing solutions.
Extensive Modern Upgrades: Recent renovations include new flooring, lighting, plumbing, and gas lines across all three units, ensuring a contemporary and well-maintained interior.
Energy Efficiency with Solar Panels: The installation of solar panels provides long-term energy cost savings and environmental benefits, enhancing the property's appeal.
Private Swimming Pool: A beautiful private pool adds significant recreational value and is a highly desirable amenity, especially in the California climate.
Functional Garage Conversion: The former garage has been thoughtfully converted into a studio with a kitchenette and bathroom, maximizing usable living space and contributing to the property's versatility.
Cons
Unverified Permitting for Conversions: The conversion of a single-family residence into three separate living spaces, including a garage conversion, may lack proper permitting, potentially leading to legal or financing challenges for buyers.
Older Original Structure: Despite recent cosmetic and system upgrades, the underlying structure dates back to 1948, which could imply potential for age-related issues not addressed by the described renovations.
Lack of Premium Views: The property does not offer any desirable views, which might be a drawback for buyers seeking scenic surroundings.