7402 Nestle, Reseda, California 91335, Reseda, 91335 - 1 bed, 1 bath
ACTIVE$999,900
7402 Nestle, Reseda, California 91335
1Bed
1Bath
730Sqft
10,109Lot
Year Built
1946
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$1,370
HOA
-
Days on market
-
Sold On
-
MLS number
SR25277188
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $999.9K(70th), sqft - 730(2th), beds - 1(4th), baths - 1(21th).
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.
Nearby schools
5/10
Garden Grove Elementary School
Public,•K-5•0.1mi
5/10
Reseda Elementary School
Public,•K-5•0.5mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•0.6mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.9mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.9mi
2/10
Blythe Street Elementary School
Public,•K-5•0.9mi
5/10
Cantara Street Elementary School
Public,•K-5•1.0mi
6/10
Newcastle Elementary School
Public,•K-5•1.1mi
6/10
Lemay Street Elementary School
Public,•K-5•1.2mi
5/10
Lemay Street Elementary School
Public,•K-5•1.2mi
6/10
Lorne Street Elementary School
Public,•K-5•1.3mi
5/10
Shirley Avenue Elementary School
Public,•K-5•1.6mi
3/10
Melvin Avenue Elementary School
Public,•K-5•1.8mi
3/10
Napa Street Elementary School
Public,•K-5•1.8mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.8mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.2mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.2mi
3/10
Winnetka Avenue Elementary School
Public,•K-5•2.5mi
3/10
Northridge Middle School
Public,•6-8•1.4mi
3/10
William Mulholland Middle School
Public,•6-8•1.6mi
5/10
William Mulholland Middle School
Public,•6-8•1.8mi
3/10
John A. Sutter Middle School
Public,•6-8•2.3mi
6/10
Gaspar De Portola Middle School
Public,•6-8•2.7mi
5/10
Woodland Hills Charter Academy
Public,•6-8•3.9mi
4/10
Reseda Senior High School
Public,•9-12•1.0mi
7/10
Northridge Academy High
Public,•9-12•2.8mi
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
12/16/25
Listing
$999,900
05/21/92
Sold
$130,000
Condition Rating
Tear down
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 The MLS description and property analysis explicitly state the existing structure is 'substandard,' 'outdated,' and 'likely necessitating demolition or extensive renovation.'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.
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 = 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.
Targeted Investor/Builder Appeal: The listing clearly identifies the property's primary value proposition for investors and builders, streamlining the marketing effort and attracting the most relevant buyer pool.
Desirable Reseda Location: Located in Reseda, a well-established area, the availability of a large, developable corner lot is a rare and valuable asset within a mature urban landscape.
Proximity to Local Amenities & Schools: The property benefits from close proximity to Garden Grove Elementary School (0.095 miles) and other local amenities, enhancing the desirability for future residents of any developed units.
Cons
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.