7322 Lindley Avenue, Reseda, California 91335, Reseda, 91335 - 4 bed, 3 bath
ACTIVE$1,095,000$1,652/sqft
Est. Value: $933,403
-14%
AboveEstimate
7322 Lindley Avenue, Reseda, California 91335
4Beds
3Baths
1,652Sqft
6,500Lot
Price Vs. Estimate
The estimated value ($933,402.94) is $161,597.06 (14%) lower than the list price ($1,095,000). This property may be overpriced.
Key pros and cons
Top Pros:
Dual Income Potential: Features two fully independent homes on one lot, with the ADU currently rented at market rate, offering immediate passive income or mortgage offset.
Top Cons:
Shared Gas Meter: Both units share a single gas meter, which could lead to billing complexities or potential disputes between occupants.
Compared to the nearby listings
Price:$1.09M vs avg $850.0K (+$245,000)79%
Size:1,652 sqft vs avg 1,530.5 sqft61%
Price/sqft:$663 vs avg $57174%
More Insights
Built in 1949 (77 years old).
Condition: Despite being built in 1949, this property features two units that have undergone significant renovations, making them move-in ready. Both kitchens boast stainless steel appliances and updated cabinetry (dark wood in the main house, white shaker in the ADU), with granite or modern countertops. Bathrooms are also updated with modern tiling and vanities, though the main house vanity has a more traditional style. Flooring throughout both units is modern wood-look tile or laminate, and interiors are freshly painted. The ADU, in particular, appears to have very recent updates, including a modern stacked washer/dryer and mini-split AC units. While the property's age suggests potential for older underlying systems, the visible components are well-maintained and functional, aligning with the 'good' condition criteria.
Year Built
1949
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$663
HOA
-
Days on market
-
Sold On
-
MLS number
226000038
Home ConditionGood
Features
View-
About this home
Income-Producing Property with Expansion Potential!This rare opportunity features two fully independent homes on one lot--ideal for investors or owner-occupants looking to generate passive income or offset their mortgage. Main Residence Highlights:2 bedrooms, 1 bathroomWood-look tile flooring for a modern touchBright interior with sliding doors leading to the backyardLaundry area off the kitchen with side yard accessOne parking space available ADU (Accessory Dwelling Unit) Features:2 bedrooms, 2 bathroomsConverted garage serves as a spacious primary suite with en-suite bathWood-style flooring throughoutPrivate entrance and fenced separation from the main homeFull-size laundry appliances located in hallway between bedroomsSmart layout with bedrooms separated by central living and kitchen areasCurrently rented at market rate for immediate cash flowOne parking space available Outdoor & Utility Details:Expansive backyard with potential to add additional units (buyer to conduct their own investigation in regard)Separate electrical meters for each unitSub water meter installed for the ADUNo separate gas meter. Both units share same meter📸 Floor plan available in the photo gallery for your convenience.
O
Orna Eilon
Listing Agent
Nearby schools
5/10
Garden Grove Elementary School
Public,•K-5•0.1mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•0.4mi
5/10
Reseda Elementary School
Public,•K-5•0.7mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.7mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.7mi
6/10
Lemay Street Elementary School
Public,•K-5•1.0mi
6/10
Newcastle Elementary School
Public,•K-5•1.0mi
5/10
Lemay Street Elementary School
Public,•K-5•1.0mi
5/10
Cantara Street Elementary School
Public,•K-5•1.1mi
2/10
Blythe Street Elementary School
Public,•K-5•1.1mi
6/10
Lorne Street Elementary School
Public,•K-5•1.2mi
5/10
Shirley Avenue Elementary School
Public,•K-5•1.8mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.9mi
3/10
Napa Street Elementary School
Public,•K-5•2.0mi
3/10
Melvin Avenue Elementary School
Public,•K-5•2.0mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.3mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.4mi
3/10
Winnetka Avenue Elementary School
Public,•K-5•2.7mi
3/10
William Mulholland Middle School
Public,•6-8•1.4mi
3/10
Northridge Middle School
Public,•6-8•1.4mi
5/10
William Mulholland Middle School
Public,•6-8•1.6mi
3/10
John A. Sutter Middle School
Public,•6-8•2.5mi
6/10
Gaspar De Portola Middle School
Public,•6-8•2.6mi
5/10
Woodland Hills Charter Academy
Public,•6-8•4.0mi
4/10
Reseda Senior High School
Public,•9-12•1.0mi
7/10
Northridge Academy High
Public,•9-12•2.9mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.1mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.1mi
Price History
Date
Event
Price
03/09/21
Sold
$705,000
12/13/18
Sold
$620,000
03/12/12
Sold
$205,000
11/12/02
Sold
$270,000
Condition Rating
Good
Despite being built in 1949, this property features two units that have undergone significant renovations, making them move-in ready. Both kitchens boast stainless steel appliances and updated cabinetry (dark wood in the main house, white shaker in the ADU), with granite or modern countertops. Bathrooms are also updated with modern tiling and vanities, though the main house vanity has a more traditional style. Flooring throughout both units is modern wood-look tile or laminate, and interiors are freshly painted. The ADU, in particular, appears to have very recent updates, including a modern stacked washer/dryer and mini-split AC units. While the property's age suggests potential for older underlying systems, the visible components are well-maintained and functional, aligning with the 'good' condition criteria.
Pros & Cons
Pros
Dual Income Potential: Features two fully independent homes on one lot, with the ADU currently rented at market rate, offering immediate passive income or mortgage offset.
Significant Expansion Opportunity: An expansive backyard provides clear potential for adding additional units, enhancing future value and income streams (buyer to verify).
Independent Utility Metering (Partial): Separate electrical meters and a sub water meter for the ADU ensure clear billing and operational independence for each unit.
Modernized Interiors: Both units feature contemporary wood-look/wood-style flooring, contributing to a fresh and appealing aesthetic.
Private & Well-Equipped ADU: The ADU boasts a private entrance, fenced separation, a spacious primary suite with en-suite bath, and full-size laundry, making it a highly functional and desirable rental unit.
Cons
Shared Gas Meter: Both units share a single gas meter, which could lead to billing complexities or potential disputes between occupants.
Older Property Age: Built in 1949, the property's age may suggest potential for outdated systems or higher maintenance requirements compared to newer constructions.
Converted Garage ADU Suite: The ADU's primary suite is a converted garage, which might raise concerns regarding insulation, soundproofing, or overall living quality for some prospective tenants or buyers.