7322 Lindley Avenue, Reseda, California 91335, Reseda, 91335 - 4 bed, 3 bath
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Reseda, California 91335
This Income-Producing Dual-Residence Property is listed at $1,029,500, representing a premium multi-unit asset compared to the $927,840 Fair Market Value. Boasting a Condition Rating of 3, the lot features a Main Residence and a fully independent ADU, both offering Modernized Interiors with wood-style flooring and updated kitchens. Situated within walking distance of Garden Grove Elementary School, the property includes Separate Electrical Meters and significant expansion potential in the expansive backyard. This versatile setup is a strategic acquisition for Owner-Occupants seeking to offset mortgage costs or Buy-and-Hold Investors targeting immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7322 Lindley Avenue Subject | $974,500* List Price | 4 | 3 | 1,652 | $548 | - |
A 6901 Bertrand Avenue Sold | $870,000 | 3 | 3 | 1,596 | $545 | 0.6 mi |
B 6923 Enfield Sold | $855,000 | 4 | 2 | 1,449 | $590 | 0.5 mi |
C 18704 Saticoy Street Sold | $780,000 | 4 | 2 | 1,558 | $501 | 0.8 mi |
D 7512 Jamieson Ave Sold | $1,050,000 | 6 | 4 | 1,979 | $531 | 0.4 mi |
E 8006 Zelzah Sold | $800,000 | 4 | 2 | 1,192 | $671 | 0.9 mi |
F 7318 Zelzah Avenue Active | $849,950 List Price | 4 | 2 | 1,840 | $462 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1949, this property has undergone significant and recent renovations, making it move-in ready. Both the main residence and the ADU feature modernized interiors with wood-look tile or wood-style flooring throughout. The kitchens in both units are updated with stainless steel appliances and contemporary cabinetry (dark wood with granite in the main house, white shaker with light countertops in the ADU). The bathrooms are also updated, with the ADU's bathroom featuring a modern vanity and large format grey tile shower. While some elements, like the main house's bathroom vanity, might not be ultra-modern, the overall condition is well-maintained with minimal wear and tear, and no immediate renovations are required.
Features two fully independent homes on one lot, with the ADU currently rented at market rate, providing immediate cash flow and mortgage offset opportunities.
The expansive backyard offers significant future value and the possibility to add additional units, subject to buyer investigation.
Separate electrical meters for each unit and a sub water meter for the ADU streamline utility management and tenant billing.
Both units share the same gas meter, which could lead to billing complexities or potential disputes between occupants.
Built in 1949, the property may have older infrastructure and systems that could require future maintenance or upgrades.
While expansion is possible, it requires extensive buyer investigation and is not a guaranteed or pre-approved development, adding risk and cost.
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.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 1,652 | 1,540 | 59% |
| Lot Size | 6,500 | 6,614 | 44% |
| Price | $974.5K | $850.0K | 76% |
| Price per sq ft | $590 | $563 | 57% |
| Built year | 1949 | 1952 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 176 | 29% |
Apr 15, 2026
$974,500
$995,000
-2% Price Drop
Initial Listing
Mar 19, 2026
$995,000
$1,029,500
-3% Price Drop
Initial Listing
Feb 6, 2026
$1,029,500
$1,095,000
-6% Price Drop
Initial Listing
Jan 5, 2026
$1,095,000
Initial Listing
Mar 9, 2021
$705,000
Public Record
Dec 13, 2018
$620,000
Public Record
Mar 12, 2012
$205,000
Public Record
Nov 12, 2002
$270,000
Public Record