1 month on rocket

7435-7437 Balcom Ave, Reseda, CA, 91335

$1,050,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths
2,007 SqFt
$523/SqFt
House

Location

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7435-7437 Balcom Ave, Los Angeles$1,050,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway Level, Paved, Private, RV Access/Parking
Year Built1946
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewNone
MLS #SR24199707
Lot Size0.14 Acres
StatusActive

About 7435-7437 Balcom Ave

Price Slashed by $25K! This incredible property just became an even better deal, with a $25,000 price reduction designed to move fast! 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.

Property Details

Property Features

Property Information:

  • Year Built: 1946
  • Stories: 1
  • Living Area: 2,007 SqFt

Listing Office:

  • Office Name: Sync Brokerage, Inc.
  • Office Phone: (818) 422-3831
  • Listing Agent: David Prieto

Interior Features

Interior Information:

  • Interior: All Bedrooms Down
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Driveway Level, Paved, Private, RV Access/Parking

Lot Features

Lot Information:

  • Lot: Back Yard, Garden, Rectangular Lot
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Balcom Ave & Valerio st.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,050,000
  • Price Per SqFt: $523/SqFt
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

7435-7437 Balcom Ave vs Los Angeles

55 DAYS ON ROCKET

+17 Days

$1,050,000

+$26.5K More

$523/SqFt

-$118 Less

KEY TAKEAWAY

This property is $26.5K more than the Median Sold Price and $118/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24199707

Listing Office:

  • Office Name: Sync Brokerage, Inc.
  • Office Phone: (818) 422-3831
  • Listing Agent: David Prieto

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 5:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,308

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,214

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-378394
6
/10
  • Newcastle Elementary

  • 6520 Newcastle Ave

  • 0.30 miles

  • Public District Grades KG-5

school-card-donut-378395
5
/10
  • Lemay Street Elementary

  • 17520 Vanowen St

  • 0.52 miles

  • Public District Grades KG-5

school-card-donut-378396
5
/10
  • Emelita Academy Charter

  • 17931 Hatteras St

  • 0.75 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $107,870. The majority of Los Angeles, CA residents have income between $100k-200k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7435-7437 Balcom Ave

What is the listing price of this property?

The listing price of 7435-7437 Balcom Ave property is $1,050,000.

What type of property is this?

The property 7435-7437 Balcom Ave is a house located in Reseda, California, 91335.

Is this property for sale now?

Active Listing: 7435-7437 Balcom Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 7435-7437 Balcom Ave has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 7435-7437 Balcom Ave is 2,007 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7435-7437 Balcom Ave is 1946.

Rocket HomesCaliforniaLos Angeles CountyLos Angeles913357435-7437 Balcom Ave

This home is located at 7435-7437 Balcom Ave in Reseda, CA and zip code 91335 in the Reseda neighborhood. This 2,007 square foot home, which was built in 1946, sits on a 0.14 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $1,050,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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