7402 Nestle, Reseda, California 91335, Reseda, 91335 - 1 bed, 1 bath
7402 Nestle
Reseda, California 91335
Property Price
SUMMARY
Analysis of 7402 Nestle, Reseda, California 91335 is currently available with a list price of $999,900. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Reseda Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1946, this property is over 50 years old with no indication of major renovations in the past 50 years. The MLS description and property analysis explicitly state the existing structure is 'substandard,' 'outdated,' and 'likely necessitating demolition or extensive renovation.' The listing is primarily marketed to investors and builders for redevelopment, indicating the value lies in the large corner lot rather than the current house. The absence of interior photos further suggests the kitchen, bathrooms, and other interior components are in very poor, unpresentable condition, consistent with a property whose structure is beyond repair and whose value is based solely on the land.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 10109, living area = 730.
- Significant Development Potential
The property is explicitly marketed for investors and builders, highlighting the ability to utilize SB9 to potentially construct up to four homes on the extra-large lot, maximizing its value.
- Extra-Large Corner Lot
Boasting a generous 10,109 sqft corner lot, this property offers superior flexibility for development, including multiple access points and diverse design possibilities for future projects.
CONSRISKS & DEFICIENCIES
- Substandard Existing Structure
The current 1-bedroom, 1-bathroom house, at only 730 sqft and built in 1946, is significantly undersized and outdated, making it unsuitable for most traditional homebuyers and likely necessitating demolition or extensive renovation.
- High Price Point for Current Condition
The list price of $999,900 is exceptionally high for the existing small, aged structure, effectively limiting the buyer pool almost exclusively to developers and investors focused on land value.
- Limited Appeal to Owner-Occupants
Due to its small size, age, and likely need for significant work or demolition, the property holds very little appeal for owner-occupant buyers seeking a move-in ready family home, narrowing the market significantly.
About 7402 Nestle
Large 1 BR, 1 BA house on an extra-large corner lot. Great for investors and builders who would like to use SB9 and possibly build up to 4 homes on this extra-large corner lot.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- 10,109 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Reseda Unified Schools
Garden Grove Elementary School
Grades K-5 • 0.1 mi
Reseda Elementary School
Grades K-5 • 0.5 mi
Bertrand Avenue Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 2% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 730 | 1,492 | 2% |
| Lot Size | 10,109 | 6,495 | 90% |
| Price | $999.9K | $850.0K | 74% |
| Price per sq ft | $1.4K | $565 | 98% |
| Built year | 1946 | 1951 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 182 | 10% |
Pricing History
Listed for Sale
Dec 16, 2025
$999,900
Initial Listing
Sold
May 21, 1992
$130,000
Public Record