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7719 Nestle Avenue, Reseda, California 91335, Reseda, 91335 - 6 bed, 5 bath

7719 Nestle Avenue, Reseda, California 91335 home-pic-0
ACTIVE$1,375,000
7719 Nestle Avenue, Reseda, California 91335
6Beds
5Baths
2,435Sqft
7,134Lot
Year Built
1950
Close
-
List price
$1.38M
Original List price
$1.38M
Price/Sqft
$565
HOA
-
Days on market
-
Sold On
-
MLS number
CV25122105
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 50% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.38M(97th), sqft - 2435(85th), beds - 6(94th), baths - 5(95th).

Exceptional Investment Opportunity – Three Homes on One Lot in Prime Reseda Location! Unlock the potential of this rare income-generating property located in the heart of Reseda. Featuring three separate homes on one lot, each with its own address and individual electric and gas meters, this is an ideal opportunity for savvy investors or owner-occupants seeking additional income. The front home is perfect for owner occupancy, while the two rear units are already leased, providing immediate and stable cash flow. Whether you choose to live on-site or rent out all three residences, this property offers outstanding flexibility and value. Each home is professionally managed and has been meticulously maintained, showcasing modern finishes, thoughtfully designed floor plans, and amenities that consistently attract quality tenants. Don’t miss your opportunity to own a long-term investment and multi-generational living. Property Features: Stainless steel appliances Central air conditioning & gas heating Recessed LED lighting throughout Double-pane energy-efficient windows Beautifully landscaped front and back yards with automatic sprinkler systems Private, separate entrances for each home Paid off Solar panels on ADU Whether you're expanding your portfolio or entering the Reseda market, this property stands out with excellent upside potential. 1. Main House 7719, 3 bed/2 bath, 1,160 Sqft. 2.(ADU) 7723, 3 bed/3 bath Two Story Home, 1,200 Sqft with paid off solar panels 3. (Jr. ADU) 7721 studio, 1 bathroom, 361 Sqft.

Nearby schools

5/10
Garden Grove Elementary School
Public,•K-5•0.4mi
2/10
Blythe Street Elementary School
Public,•K-5•0.6mi
5/10
Cantara Street Elementary School
Public,•K-5•0.7mi
5/10
Reseda Elementary School
Public,•K-5•0.7mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.0mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.1mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.1mi
6/10
Lorne Street Elementary School
Public,•K-5•1.1mi
3/10
Napa Street Elementary School
Public,•K-5•1.4mi
6/10
Lemay Street Elementary School
Public,•K-5•1.5mi
6/10
Newcastle Elementary School
Public,•K-5•1.5mi
5/10
Lemay Street Elementary School
Public,•K-5•1.6mi
3/10
Melvin Avenue Elementary School
Public,•K-5•1.7mi
5/10
Shirley Avenue Elementary School
Public,•K-5•1.8mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•2.2mi
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•2.3mi
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•2.1mi
3/10
John A. Sutter Middle School
Public,•6-8•2.3mi
6/10
Gaspar De Portola Middle School
Public,•6-8•3.1mi
5/10
Woodland Hills Charter Academy
Public,•6-8•4.1mi
4/10
Reseda Senior High School
Public,•9-12•1.4mi
7/10
Northridge Academy High
Public,•9-12•2.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.8mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.8mi
Condition Rating
Excellent
Despite the 1950 build year, the property has undergone a comprehensive and high-quality renovation, effectively making it 'virtually new'. The images showcase newly updated kitchens with white shaker cabinets, quartz countertops, modern backsplashes, and stainless steel appliances. Bathrooms feature new fixtures, modern tiling, and vanities. Throughout the homes, there is new wood-look laminate flooring, recessed LED lighting, and fresh paint. The description also highlights new central AC/heating, double-pane windows, and paid-off solar panels on the ADU, indicating all major systems and aesthetics are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Exceptional Income Potential: The property features three separate homes on one lot, each with its own address and individual electric and gas meters, providing significant rental income opportunities and multi-generational living flexibility.
Immediate Cash Flow: Two of the three units are already leased, offering stable and immediate rental income for the new owner from day one.
Modernized & Well-Maintained: Each home boasts modern finishes, stainless steel appliances, recessed LED lighting, central air conditioning, and is professionally managed and meticulously maintained, suggesting a turn-key investment.
Energy Efficient Features: The property includes double-pane energy-efficient windows and paid-off solar panels on the ADU, contributing to lower utility costs and enhanced sustainability.
Private & Functional Layouts: Separate entrances for each home and thoughtfully designed floor plans ensure privacy and functionality for tenants and owner-occupants, enhancing tenant appeal.

Cons

Significant Price Discrepancy: The listing price of $1.375M is substantially higher than the estimated property value of $681,223.91, indicating potential overpricing and a challenging negotiation landscape.
Age of Original Construction: Built in 1950, the property's underlying structures are older, which could imply potential for unforeseen maintenance issues or require more extensive updates beyond the cosmetic modernizations over time.
Average School Ratings: The surrounding elementary and middle schools have mixed to average ratings (ranging from 2 to 6), which might not appeal to families prioritizing top-tier public education.

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