UPDATED:
11/17/2024 12:51 AM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,007 sqft
Price per Sqft $523
MLS Listing ID SR24199707
Bedrooms 6
Full Baths 4
Construction Status Turnkey
HOA Y/N No
Year Built 1946
Lot Size 6,155 Sqft
Property Description
Two Homes on One Lot at 7435 & 7437 Balcom Ave!
Discover a prime investment opportunity or the perfect setup for multigenerational living in the heart of Reseda! This unique property offers not just one, but two fully equipped homes on a single lot. The main home at 7435 Balcom Ave features a spacious 3 bedrooms, 2 bathrooms, and 1,107 sq ft of comfortable living space. Currently occupied by performing tenants, this home is already generating steady rental income—a smart choice for those looking to invest. The newly upgraded ADU at 7437 Balcom Ave adds an extra 3 bedrooms and 2 bathrooms in 900 sq ft of modern living. With a private side yard and backyard, this unit will be delivered vacant, allowing you to move right in or lease it out for top rental value. This property is perfect for first-time homebuyers, real estate investors, or anyone looking to take advantage of a DSCR loan. Live in one home and rent out the other, or generate income from both! Whether you're looking for a multigenerational living setup, a rental property to expand your portfolio, or a home with income potential, this property offers it all. Don’t miss your chance to own this incredible dual-living opportunity in one of Reseda’s most sought-after neighborhoods.
Location
State CA
County Los Angeles
Area Res - Reseda
Zoning LAR1
Rooms
Main Level Bedrooms 3
Interior
Interior Features All Bedrooms Down
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Driveway Level, Paved, Private, RV Access/Parking
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N No
View None
Parking Type Driveway Level, Paved, Private, RV Access/Parking
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Garden, Rectangular Lot
Dwelling Type House
Story 1
Entry Level One
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Turnkey
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2120030030
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Special Listing Condition Standard
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