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7231 Vanalden Avenue, Reseda, California 91335, Reseda, 91335 - 4 bed, 2 bath

7231 Vanalden Avenue, Reseda, California 91335 home-pic-0
ACTIVE UNDER CONTRACT$1,100,000
7231 Vanalden Avenue, Reseda, California 91335
4Beds
2Baths
1,676Sqft
14,894Lot
Year Built
1924
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$656
HOA
-
Days on market
-
Sold On
-
MLS number
25619587
Home ConditionTear down
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.10M(79th), sqft - 1676(62th), beds - 4(58th), baths - 2(50th).

DO NOT GO ON PROPERTY. *Development Opportunity *Large Flat Double Lot 14,894 in PRIME Reseda. 1924 Craftsman California Bungalow 1,676 sq ft Home 4 Bed 2 Bath Large 2 Car Garage (ADU Potential) Half Circle Driveway - Park up to 8 Vehicles Front yard fenced "ready to gate" for privacy & security. Close to *DT Reseda New Projects and *LA Kings Practice Rink Mixed Use Residential & Commercial Site. $26 M project. *Minutes from Lake Balboa Host to *2028 LA Olympics Redevelopment *Project. LA Rams Practice Stadium. Warner Center Billion Dollar Redevelopment Projects. The Kroenke Organization recently announced plans for a 52-acre development in *Warner Center in Woodland Hills which will be known as *Ram's Village at Warner Center. Cross Streets Tampa & Sherman Way 101 FWY 2 miles - Van Nuys Airport 4.2 Miles 405 FWY 5 Miles. NEW: Trader Joe's 9224 Reseda Blvd Northridge. *DO NOT GO ON PROPERTY. *DO NOT DISTURB OCCUPANTS. 24 HOUR NOTICE TO SHOW. Buyer to verify and satisfy all dimensions, legal zoning, building, and development requirements. ***APPOINTMENT ONLY!!!!! LENDER APPROVED BUYERS ONLY. Per Seller: BUYER or Buyer Agent Must text or email Lender approval before appointment. POF if Buyer is CASH. Whether you choose to renovate, rebuild, or hold for future appreciation, this property offers endless possibilities in a neighborhood where modern multifamily living is in high demand. This Opportunity will not last so SCHEDULE A VISIT ASAP.

Nearby schools

5/10
Shirley Avenue Elementary School
Public,•K-5•0.5mi
5/10
Reseda Elementary School
Public,•K-5•0.6mi
3/10
Melvin Avenue Elementary School
Public,•K-5•0.8mi
2/10
Blythe Street Elementary School
Public,•K-5•1.0mi
4/10
Stanley Mosk Elementary School
Public,•K-5•1.1mi
4/10
Stanley Mosk Elementary School
Public,•K-5•1.1mi
5/10
Garden Grove Elementary School
Public,•K-5•1.2mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.4mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.5mi
6/10
Newcastle Elementary School
Public,•K-5•1.7mi
3/10
Napa Street Elementary School
Public,•K-5•1.7mi
3/10
Winnetka Avenue Elementary School
Public,•K-5•1.7mi
5/10
Cantara Street Elementary School
Public,•K-5•1.8mi
3/10
Anatola Avenue Elementary School
Public,•K-5•2.0mi
3/10
Anatola Avenue Elementary School
Public,•K-5•2.0mi
6/10
Lemay Street Elementary School
Public,•K-5•2.1mi
5/10
Lemay Street Elementary School
Public,•K-5•2.1mi
6/10
Lorne Street Elementary School
Public,•K-5•2.3mi
3/10
John A. Sutter Middle School
Public,•6-8•1.2mi
3/10
Northridge Middle School
Public,•6-8•2.1mi
6/10
Gaspar De Portola Middle School
Public,•6-8•2.4mi
3/10
William Mulholland Middle School
Public,•6-8•2.5mi
5/10
William Mulholland Middle School
Public,•6-8•2.7mi
5/10
Woodland Hills Charter Academy
Public,•6-8•2.9mi
4/10
Reseda Senior High School
Public,•9-12•1.4mi
7/10
Northridge Academy High
Public,•9-12•3.3mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.8mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.8mi

Price History

Date
Event
Price
11/21/25
Listing
$1,100,000
10/16/02
Sold
$342,000
Condition Rating
Tear down
The property was built in 1924, making it over 50 years old. The MLS description explicitly markets it as a 'Development Opportunity' on a 'Large Flat Double Lot,' stating the existing 1,676 sq ft Craftsman Bungalow 'likely requires substantial renovation or demolition.' The value is clearly based on the land and its redevelopment potential. The images confirm the house's extremely outdated condition: the kitchen features very old wooden cabinets, dated granite countertops, old flooring, and severely outdated wallpaper. Bathrooms also show very old fixtures, tiles, and vanity styles. The presence of window AC units further indicates outdated systems. While technically livable, the structure's age, condition, and the listing's emphasis on redevelopment align perfectly with the 'tear-down' criteria, where the structure is beyond practical repair for modern living and its value is in the land.
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 = 14894, living area = 1676.
Development Opportunity: The property is explicitly marketed as a 'Development Opportunity' on a 'Mixed Use Residential & Commercial Site,' indicating high potential for modern multifamily living.
Large Flat Double Lot: Features a substantial 14,894 sq ft flat double lot in a prime Reseda location, ideal for significant redevelopment or expansion.
Strategic Location & Future Growth: Situated near major ongoing and planned developments, including DT Reseda New Projects, LA Kings Practice Rink, 2028 LA Olympics Redevelopment Project at Lake Balboa, and the Warner Center Billion Dollar Redevelopment Projects (Ram's Village), promising future appreciation and demand.
ADU Potential & Ample Parking: The large 2-car garage offers ADU potential, and a half-circle driveway provides parking for up to 8 vehicles, adding immediate value and flexibility.
Excellent Accessibility: Conveniently located just 2 miles from the 101 FWY and 5 miles from the 405 FWY, with Van Nuys Airport 4.2 miles away, ensuring easy access to major transportation routes and amenities like a new Trader Joe's.

Cons

Highly Restrictive Access & Showing Conditions: Strict showing requirements ('DO NOT GO ON PROPERTY,' 'DO NOT DISTURB OCCUPANTS,' '24 HOUR NOTICE,' 'APPOINTMENT ONLY,' 'LENDER APPROVED BUYERS ONLY,' 'POF if CASH') create significant barriers for potential buyers to view and assess the property.
Age and Condition of Existing Structure: Built in 1924, the existing 1,676 sq ft Craftsman California Bungalow likely requires substantial renovation or demolition, adding considerable cost and effort for a development-focused buyer.
Extensive Buyer Due Diligence Required: Buyers are explicitly required to 'verify and satisfy all dimensions, legal zoning, building, and development requirements,' placing a significant burden of research and potential costs on the purchaser for a complex development project.

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