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18713 Vanowen Street, Reseda, California 91335, Reseda, 91335 - bed, bath

18713 Vanowen Street, Reseda, California 91335 home-pic-0
ACTIVE$1,029,999
18713 Vanowen Street, Reseda, California 91335
0Bed
0Bath
1,884Sqft
10,015Lot
Year Built
1961
Close
-
List price
$1.03M
Original List price
$1.09M
Price/Sqft
$547
HOA
-
Days on market
-
Sold On
-
MLS number
SB24219919
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.03M(27th), sqft - 1884(27th), beds - undefined(50th), baths - undefined(50th).

Lyon Stahl and Pacific Peak RE are pleased to exclusively represent 18713 & 18713 1/2 Vanowen in the sale of this excellent redevelopment and/or repositioning play. The property consists of 3 separate Garden Style apartments totaling 1,884 SQ FT on a 10,000+ SQ FT lot. The lot has two APN allowing for a 10 unit development utilizing SB9 guidelines, via "TUD" provisions. (Buyer to verify). The units have sizable yards which attract tenants with pets and those enjoying outdoor space. The front 1 BD + 1 BTH unit has been fully remodeled with updated kitchen, new flooring and paint throughout. In addition, 2 of the 3 units are unoccupied, allowing for buyer to either have full control of new tenants or to begin the entitlement process. The 3 BD unit has comes with washer/dryer hookups and appliances.

Nearby schools

5/10
Reseda Elementary School
Public,•K-5•0.6mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•0.9mi
5/10
Shirley Avenue Elementary School
Public,•K-5•1.0mi
6/10
Newcastle Elementary School
Public,•K-5•1.0mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.0mi
5/10
Garden Grove Elementary School
Public,•K-5•1.0mi
2/10
Blythe Street Elementary School
Public,•K-5•1.4mi
5/10
Lemay Street Elementary School
Public,•K-5•1.5mi
6/10
Lemay Street Elementary School
Public,•K-5•1.5mi
3/10
Melvin Avenue Elementary School
Public,•K-5•1.6mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.6mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.7mi
4/10
Stanley Mosk Elementary School
Public,•K-5•1.7mi
4/10
Stanley Mosk Elementary School
Public,•K-5•1.7mi
5/10
Cantara Street Elementary School
Public,•K-5•2.0mi
6/10
Lorne Street Elementary School
Public,•K-5•2.2mi
3/10
Napa Street Elementary School
Public,•K-5•2.2mi
3/10
Winnetka Avenue Elementary School
Public,•K-5•2.4mi
3/10
John A. Sutter Middle School
Public,•6-8•1.8mi
6/10
Gaspar De Portola Middle School
Public,•6-8•1.9mi
3/10
William Mulholland Middle School
Public,•6-8•2.0mi
5/10
William Mulholland Middle School
Public,•6-8•2.1mi
3/10
Northridge Middle School
Public,•6-8•2.3mi
5/10
Woodland Hills Charter Academy
Public,•6-8•3.0mi
4/10
Reseda Senior High School
Public,•9-12•0.7mi
7/10
Northridge Academy High
Public,•9-12•3.6mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.0mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.0mi
Condition Rating
Fair
The property was built in 1961. The description mentions one unit being fully remodeled with an updated kitchen, new flooring, and paint. However, the overall condition considering the age and the fact that it's a triplex suggests a 'Fair' condition. While one unit is updated, the others may require updates or repairs. The images show a basic kitchen and bathroom, indicating it's aged but maintained.
Pros & Cons

Pros

Redevelopment Potential: The property offers significant redevelopment potential with two APNs on a 10,000+ SQ FT lot, potentially allowing for a 10-unit development utilizing SB9 guidelines (buyer to verify).
Income Potential: As a triplex, the property provides immediate income potential, especially with sizable yards that attract tenants.
Remodeled Unit & Vacancy: The front 1 BD + 1 BTH unit has been fully remodeled, and two of the three units are unoccupied, providing flexibility for new tenants or initiating the entitlement process.

Cons

Age: The property was built in 1961, which may require updates or renovations to meet modern standards.
Redevelopment Costs: Redevelopment, while a strength, will incur significant costs for demolition, construction, and permits.

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