7240 Shirley Avenue 103, Reseda, California 91335, Reseda, 91335 - 3 bed, 3 bath
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Reseda, California 91335
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well above the $427,240 Fair Market Value by 16%. While the valuation reflects a premium, the asset offers immediate stability through a long-term lease expiring in August 2027. Featuring a 3-bedroom, 2.5-bath layout with a pool and patio, the home maintains a Condition Rating of 5, signaling a need for future cosmetic updates. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking immediate, turnkey rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7240 Shirley Avenue 103 Subject | $499,000* List Price | 3 | 3 | 1,390 | $307 | - |
A 19431 Sherman 10 Sold | $505,000 | 2 | 3 | 1,361 | $371 | 0.1 mi |
B 18987 Gault Street Sold | $569,000 | 3 | 3 | 1,494 | $381 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980 (44 years old) with no evidence of major renovations. The interior features dated popcorn ceilings, original-style brickwork, and worn carpeting. The listing explicitly labels this as an 'investor opportunity' and notes it is not in 'model condition,' indicating a need for significant updates and rehab to meet modern standards.
The property features a long-term tenant with a lease in place through August 2027, providing immediate and stable rental income for investors from the date of purchase.
At $499,000 for a 3-bedroom townhome, the property is priced attractively for the Reseda market, offering a strong value proposition for those seeking income-producing assets.
The nearly 1,400 sq. ft. floor plan with three bedrooms and 2.5 baths provides a generous living space that is highly desirable for families and long-term renters.
The existing lease commitment until late 2027 prevents owner-occupants from moving in for several years, significantly narrowing the potential buyer pool to investors only.
Tenant occupancy limits showing availability to appointments only and indicates the property is not in model condition, likely requiring future cosmetic updates or repairs.
Investor Opportunity in the Heart of Reseda! Spacious 3 bedroom, 2.5 bath townhome offering approximately 1,300 sq. ft. with a long-term tenant already in place, providing immediate rental income from day one. Current lease runs through August 31, 2027, making this an attractive turnkey investment opportunity for buyers seeking cash flow and stability. Property is being sold with tenants in possession. Due to tenant occupancy, the home may not be presented in model condition and will be shown by appointment only after coordinating with occupants. No open houses. Conveniently located near shopping, dining, schools, and major transportation routes. Great opportunity to acquire an income producing property at an attractive price point. Buyer to cooperate with existing lease terms.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,390 | 855 |
| Lot Size | 28,395 | 108,527 |
| Price | $499.0K | $424.9K |
| Price per sq ft | $359 | $440 |
| Built year | 1980 | 1976 |
| HOA | $550.0 | $459 |
| Days on market | 42 | 81 |
Jun 10, 2026
$499,000
Initial Listing
Jul 10, 2000
$135,000
Public Record