19613 Schoolcraft Street, Reseda, California 91335, Reseda, 91335 - 3 bed, 1 bath

19613 Schoolcraft Street, Reseda, California 91335 home-pic-0
ACTIVE$760,000
19613 Schoolcraft Street, Reseda, California 91335
3Beds
1Bath
1,020Sqft
5,902Lot
Year Built
1953
Close
-
List price
$760K
Original List price
$760K
Price/Sqft
$745
HOA
-
Days on market
-
Sold On
-
MLS number
SR25158900
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $760.0K(23th), sqft - 1020(12th), beds - 3(50th), baths - 1(22th).

This property is being sold as part of an estate after the passing of the owner, in accordance with California laws and regulations. The listing agent has not been inside the home and cannot verify the condition or accuracy of any information provided in this listing. The tenants have occupied the property for many years and are currently paying below-market rent. There is no written lease agreement in place. The home does show some signs of distress and is being sold AS-IS, with tenants in place. May upgrades of been completed on this house as you can see in the photos. The list price is the amount of the recent professional appraisal. Photo's were taken this year. Important Property Disclosure below – Please Read Before Submitting an Offer Current tenants will remain in the property after the sale closes. Sight Unseen Offers Only • Drive-by only – do not approach or disturb the tenants. • Do not knock on the door or attempt to gain access. Any violations of this will result in your offer not being considered. Buyers are advised to perform all due diligence prior to submitting an offer. As this is an estate sale, the seller is exempt from providing a Transfer Disclosure Statement and Seller Property Questionnaire, per California Civil Code §1102.2(d). No inspections, no repairs, no government retrofits, and no warranties will be made or provided. Nothing will be done to the property. This is a strictly as-is sale. *** A professional appraisal has been completed and can be provided upon request.*** List priced is based on the recent appraisal. Accepted offer will require additional approval from the beneficiaries of the sale of this property Buyer to independently verify all information contained in this listing. Neither the Executor nor the listing agent makes any guarantees or warranties.

Nearby schools

5/10
Shirley Avenue Elementary School
Public,K-50.2mi
4/10
Stanley Mosk Elementary School
Public,K-50.6mi
4/10
Stanley Mosk Elementary School
Public,K-50.6mi
3/10
Melvin Avenue Elementary School
Public,K-50.9mi
3/10
Vanalden Avenue Elementary School
Public,K-51.2mi
5/10
Reseda Elementary School
Public,K-51.3mi
3/10
Winnetka Avenue Elementary School
Public,K-51.6mi
2/10
Blythe Street Elementary School
Public,K-51.6mi
5/10
Garden Grove Elementary School
Public,K-51.9mi
3/10
Bertrand Avenue Elementary School
Public,K-52.1mi
6/10
Newcastle Elementary School
Public,K-52.1mi
3/10
Napa Street Elementary School
Public,K-52.2mi
5/10
Cantara Street Elementary School
Public,K-52.6mi
5/10
Lemay Street Elementary School
Public,K-52.6mi
6/10
Lemay Street Elementary School
Public,K-52.6mi
3/10
Anatola Avenue Elementary School
Public,K-52.7mi
3/10
Anatola Avenue Elementary School
Public,K-52.7mi
6/10
Lorne Street Elementary School
Public,K-53.0mi
3/10
John A. Sutter Middle School
Public,6-80.8mi
5/10
Woodland Hills Charter Academy
Public,6-82.2mi
6/10
Gaspar De Portola Middle School
Public,6-82.3mi
3/10
Northridge Middle School
Public,6-82.8mi
3/10
William Mulholland Middle School
Public,6-83.1mi
5/10
William Mulholland Middle School
Public,6-83.2mi
4/10
Reseda Senior High School
Public,9-121.8mi
7/10
Northridge Academy High
Public,9-123.9mi
5/10
Valley Academy Of Arts And Sciences
Public,9-125.5mi
5/10
Valley Academy Of Arts And Sciences
Public,9-125.5mi
Condition Rating
Fair

The property was built in 1953 and is being sold as-is with tenants in place. The listing agent hasn't been inside, and the description mentions signs of distress. The photos show some updates, but the kitchen and bathroom appear dated. Given the age and as-is condition, a 'fair' rating is appropriate, indicating it needs updates but is still functional.
Pros & Cons

Pros

Appraisal Based Pricing: The list price is based on a recent professional appraisal, providing a potentially fair market value starting point.
Potential for Value Add: The property is being sold AS-IS and shows signs of distress, presenting an opportunity for investors or buyers looking to add value through renovations.
Large Lot Size: The lot size of 5,902 sqft offers potential for expansion or landscaping opportunities.
Below Market Rent: Existing tenants are paying below-market rent, suggesting potential for increased rental income after renovations or lease renegotiation (subject to legal limitations).
Photos Available: Photos were taken this year, giving potential buyers some visual insight into the property's current condition.

Cons

As-Is Condition: The property is being sold strictly AS-IS with no inspections, repairs, or warranties, requiring the buyer to assume all risks and costs associated with its condition.
Tenants in Place: The property is being sold with tenants in place and no written lease agreement, which could present challenges related to eviction, rent increases, or property access.
Sight Unseen Offers Only: Buyers are required to submit sight-unseen offers, increasing the risk and uncertainty associated with the purchase.

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