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7322 Lindley Avenue, Reseda, California 91335, Reseda, 91335 - 4 bed, 3 bath

7322 Lindley Avenue, Reseda, California 91335 home-pic-0
ACTIVE$1,195,000
7322 Lindley Avenue, Reseda, California 91335
4Beds
3Baths
1,652Sqft
6,500Lot
Year Built
1949
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$723
HOA
-
Days on market
-
Sold On
-
MLS number
225004579
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.20M(85th), sqft - 1652(58th), beds - 4(58th), baths - 3(68th).

Income-Producing Property with Expansion Potential!This rare opportunity features two fully independent homes on one lot--ideal for investors or owner-occupants looking to generate passive income or offset their mortgage. Main Residence Highlights:2 bedrooms, 1 bathroomWood-look tile flooring for a modern touchBright interior with sliding doors leading to the backyardLaundry area off the kitchen with side yard accessOne parking space available ADU (Accessory Dwelling Unit) Features:2 bedrooms, 2 bathroomsConverted garage serves as a spacious primary suite with en-suite bathWood-style flooring throughoutPrivate entrance and fenced separation from the main homeFull-size laundry appliances located in hallway between bedroomsSmart layout with bedrooms separated by central living and kitchen areasCurrently rented at market rate for immediate cash flowOne parking space available Outdoor & Utility Details:Expansive backyard with potential to add additional units (buyer to conduct their own investigation in regard)Separate electrical meters for each unitSub water meter installed for the ADUNo separate gas meter. Both units share same meter📸 Floor plan available in the photo gallery for your convenience.

Nearby schools

5/10
Garden Grove Elementary School
Public,•K-5•0.1mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•0.4mi
5/10
Reseda Elementary School
Public,•K-5•0.7mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.7mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.7mi
6/10
Lemay Street Elementary School
Public,•K-5•1.0mi
6/10
Newcastle Elementary School
Public,•K-5•1.0mi
5/10
Lemay Street Elementary School
Public,•K-5•1.0mi
5/10
Cantara Street Elementary School
Public,•K-5•1.1mi
2/10
Blythe Street Elementary School
Public,•K-5•1.1mi
6/10
Lorne Street Elementary School
Public,•K-5•1.2mi
5/10
Shirley Avenue Elementary School
Public,•K-5•1.8mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.9mi
3/10
Napa Street Elementary School
Public,•K-5•2.0mi
3/10
Melvin Avenue Elementary School
Public,•K-5•2.0mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.3mi
4/10
Stanley Mosk Elementary School
Public,•K-5•2.4mi
3/10
Winnetka Avenue Elementary School
Public,•K-5•2.7mi
3/10
William Mulholland Middle School
Public,•6-8•1.4mi
3/10
Northridge Middle School
Public,•6-8•1.4mi
5/10
William Mulholland Middle School
Public,•6-8•1.6mi
3/10
John A. Sutter Middle School
Public,•6-8•2.5mi
6/10
Gaspar De Portola Middle School
Public,•6-8•2.6mi
5/10
Woodland Hills Charter Academy
Public,•6-8•4.0mi
4/10
Reseda Senior High School
Public,•9-12•1.0mi
7/10
Northridge Academy High
Public,•9-12•2.9mi
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
09/08/25
Listing
$1,195,000
Condition Rating
Good
Built in 1949, this property has undergone significant and recent renovations, including the addition of a well-appointed ADU. Both units feature modern flooring (wood-look tile and wood-style laminate), updated kitchens with stainless steel appliances, and contemporary light fixtures. The main house kitchen has dark wood cabinets and granite-like counters, while the ADU kitchen boasts white shaker cabinets, suggesting updates within the last 5-15 years. The property is move-in ready with functional, well-maintained systems, aligning with the 'good' condition criteria.
Pros & Cons

Pros

Strong Income Potential: The property features two independent units, with the ADU already rented at market rate, offering immediate cash flow and a robust investment return.
Significant Expansion Opportunity: An expansive backyard provides potential for adding additional units, which could substantially enhance future value and income streams (subject to buyer investigation).
Versatile Use Case: Ideal for both investors seeking passive income and owner-occupants looking to offset their mortgage, broadening its market appeal.
Independent Utility Management (Partial): Separate electrical meters and a sub water meter for the ADU simplify utility tracking and billing for each unit, promoting autonomy.
Modernized Interiors: Both the main residence and ADU feature updated wood-look/wood-style flooring, contributing to a contemporary and appealing aesthetic.

Cons

Shared Gas Meter: Both units share the same gas meter, which could lead to complexities in utility billing and potential disputes between occupants.
Age of Main Structure: Built in 1949, the property's main structure may have underlying older systems or components that could require significant maintenance or upgrades in the future.
Uncertainty of Expansion Potential: While expansion is noted as a potential, the responsibility for investigation and feasibility rests solely with the buyer, implying potential unforeseen costs or regulatory hurdles.

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