7732 7732 Garden Grove, Reseda, California 91335, Reseda, 91335 - 3 bed, 2 bath
ACTIVE$650,000
7732 7732 Garden Grove, Reseda, California 91335
3Beds
2Baths
1,298Sqft
5,752Lot
Price Vs. Estimate
The estimated value ($615,923.94) is $34,076.06 (5%) lower than the list price ($650,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Value-Add Opportunity: Explicitly marketed as an 'Investor Opportunity' with 'strong value-add potential' for renovation or repositioning as a flip, rental, or long-term hold.
Top Cons:
Extensive Renovation Required: The property 'Needs Major Renovation' and 'substantial repairs and systems updates,' indicating significant upfront investment and project management.
Compared to the nearby listings
Price:$650.0K vs avg $855.0K ($-205,000)5%
Size:1,298 sqft vs avg 1,535 sqft32%
Price/sqft:$501 vs avg $57331%
More Insights
Built in 1950 (75 years old).
Condition: The property, built in 1950, is explicitly described as needing 'Major Renovation' and 'substantial repairs and systems updates,' and is being sold 'as-is.' While no interior images are provided, the exterior image shows a dated appearance and a covered garage, supporting the need for extensive work. The description indicates significant defects and a requirement for substantial rehabilitation, aligning with the 'poor' condition criteria rather than a complete tear-down, as it's presented as a 'value-add opportunity' for renovation.
Year Built
1950
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$501
HOA
-
Days on market
-
Sold On
-
MLS number
SR25229926
Home ConditionPoor
Features
View-
About this home
Short Sale! Investor Opportunity. 3 Bed | 2 Bath. Needs Major Renovation Priced as a short sale, this 3-bedroom, 2-bath home is being sold in as-is condition and represents a strong value-add opportunity for an investor or experienced contractor. The property needs substantial repairs and systems updates but offers a solid layout and a desirable lot to reposition as a flip, rental, or long-term hold. Because this is a short sale, the seller’s lender must approve any accepted offer, so please allow extra time for lender review and approval, be prepared for possible lender counteroffers or requests for additional documentation. This home presents a compelling opportunity for the right investor willing to navigate the lender approval process.
Nearby schools
5/10
Garden Grove Elementary School
Public,•K-5•0.4mi
5/10
Cantara Street Elementary School
Public,•K-5•0.6mi
2/10
Blythe Street Elementary School
Public,•K-5•0.7mi
5/10
Reseda Elementary School
Public,•K-5•0.8mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.0mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.0mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.0mi
6/10
Lorne Street Elementary School
Public,•K-5•1.0mi
6/10
Lemay Street Elementary School
Public,•K-5•1.5mi
3/10
Napa Street Elementary School
Public,•K-5•1.5mi
5/10
Lemay Street Elementary School
Public,•K-5•1.5mi
6/10
Newcastle Elementary School
Public,•K-5•1.5mi
3/10
Melvin Avenue Elementary School
Public,•K-5•1.8mi
5/10
Shirley Avenue Elementary School
Public,•K-5•1.9mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•2.2mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.3mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.3mi
3/10
Winnetka Avenue Elementary School
Public,•K-5•2.5mi
3/10
Northridge Middle School
Public,•6-8•1.0mi
3/10
William Mulholland Middle School
Public,•6-8•1.8mi
5/10
William Mulholland Middle School
Public,•6-8•2.0mi
3/10
John A. Sutter Middle School
Public,•6-8•2.4mi
6/10
Gaspar De Portola Middle School
Public,•6-8•3.1mi
5/10
Woodland Hills Charter Academy
Public,•6-8•4.2mi
4/10
Reseda Senior High School
Public,•9-12•1.5mi
7/10
Northridge Academy High
Public,•9-12•2.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.7mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.7mi
Condition Rating
Poor
The property, built in 1950, is explicitly described as needing 'Major Renovation' and 'substantial repairs and systems updates,' and is being sold 'as-is.' While no interior images are provided, the exterior image shows a dated appearance and a covered garage, supporting the need for extensive work. The description indicates significant defects and a requirement for substantial rehabilitation, aligning with the 'poor' condition criteria rather than a complete tear-down, as it's presented as a 'value-add opportunity' for renovation.
Pros & Cons
Pros
Significant Value-Add Opportunity: Explicitly marketed as an 'Investor Opportunity' with 'strong value-add potential' for renovation or repositioning as a flip, rental, or long-term hold.
Solid Foundation for Renovation: The property offers a 'solid layout and a desirable lot' (5752 sqft), providing a good base for substantial repairs and updates.
Standard 3 Bed/2 Bath Configuration: The 3-bedroom, 2-bathroom layout is a highly sought-after configuration, appealing to a broad market of families or potential renters post-renovation.
Single-Family Residence Type: As a Single Family Residence, it typically offers greater privacy and long-term appreciation potential compared to other property types in the Los Angeles market.
Established Reseda Location: Located in Reseda, CA, an established part of the San Fernando Valley, offering access to local amenities and schools, including Garden Grove Elementary nearby.
Cons
Extensive Renovation Required: The property 'Needs Major Renovation' and 'substantial repairs and systems updates,' indicating significant upfront investment and project management.
Short Sale Transaction Complexity: Being a short sale, the transaction requires lender approval, which can lead to 'extra time for lender review,' potential counteroffers, and additional documentation, prolonging the closing process.
Sold in 'As-Is' Condition: The property is sold 'as-is,' meaning the buyer assumes all responsibility for existing defects and necessary repairs without seller contribution, increasing financial risk.