$1,325,000
$505K PRICE DROP

7135 Geyser Ave Reseda, CA 91335

Estimated payment $8,271/month

Total Views 1,614
11 Beds
7 Baths
4,606 Sq Ft
$288 Price per Sq Ft

Highlights

  • 0.34 Acre Lot
  • Spanish Architecture
  • Central Heating

About This Home

An exceptional opportunity awaits with this Spanish style residential income property. Framed by rose beds and a beautiful oak tree, this charming multi family property is truly one of a kind. The front home features an expansive kitchen, exquisite hardwood flooring, plush carpet, and an inviting balcony. Boasting 3 spacious bedrooms and 3 bathrooms, this home welcomes you with a cozy living room fireplace and stunning crown molding. The second unit offers 4 bedrooms and 2 bathrooms, while the third unit features 3 bedrooms and 1 bathroom. The fourth unit is a stand alone residence, providing additional privacy and versatility.
The property is adorned with beautiful landscaping, including a massive oak tree, avocado, and orange trees. Residents enjoy the ambiance of a spacious residential property without feeling cramped in a typical box apartment layout. The generous backyard offers abundant space for outdoor enjoyment or even large events. The layout of this property is remarkable, showcasing numerous improvements that elevate its appeal.
Nestled in a highly sought after location near the 101 Freeway, Northridge Mall, Whole Foods, Trader Joes, LA Fitness, California State University, hiking trails, Ventura Boulevard dining, and more. Ample storage, garage space, and parking are available. Seize this incredible opportunity to own a truly remarkable Los Angeles income property with high potential in a market where these opportunities are hard to find.

Listing Agent

Sonia Avila

JohnHart Real Estate Brokerage Phone: 818-640-8032 License #01829713 Listed on: 09/17/2024

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,606

Year Built

  • Built in 1939

Lot Details

  • 0.34 Acre Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre
  • 2126002013

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Quadruplex

Interior Spaces

  • 4,606 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Additional Features

  • Suburban Location
  • Central Heating

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 9397
  • Assessor Parcel Number 2126002006

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,680
  • Insurance Expense $5,779
  • Other Expense $29,909
  • Operating Expense $37,370
  • Net Operating Income $36,430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,606

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 331250
  • Property Attached: Yes
  • Zoning: LAR1
  • Architectural Style: Spanish
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 2126002006
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 287.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central, Fireplace(s)
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 2126002013
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 15009.00
  • Lot Size Acres: 0.3446

Rental Info

  • Tenant Pays: None

Multi Family

  • Insurance Expense: 5779.00
  • Lot Size Area: 15009.0000 Square Feet
  • Net Operating Income: 36430.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 37369.00
  • Other Expense: 29909.00
  • Rent Control: Yes
  • Total Expenses: 37369.85

Tax Info

  • Tax Census Tract: 1310.24
  • Tax Lot: 16
  • Tax Tract Number: 9397

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,606 $1,015,116 $557,756 $457,360
2024 $12,606 $995,213 $546,820 $448,393
2023 $12,369 $975,700 $536,099 $439,601
2022 $11,808 $956,570 $525,588 $430,982
2021 $11,645 $937,815 $515,283 $422,532
2019 $11,160 $910,000 $500,000 $410,000
2018 $4,137 $326,949 $85,874 $241,075
2016 $3,927 $314,256 $82,541 $231,715
2015 $3,871 $309,537 $81,302 $228,235
2014 $3,893 $303,475 $79,710 $223,765
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 Price Changed $1,325,000 0.0% $288 / Sq Ft
08/14/2025 08/14/25 For Sale $1,325,000 -8.6% $288 / Sq Ft
05/16/2025 05/16/25 Off Market $1,450,000 -- --
04/16/2025 04/16/25 For Sale $1,450,000 -20.8% $315 / Sq Ft
03/24/2025 03/24/25 Off Market $1,830,000 -- --
03/22/2025 03/22/25 For Sale $1,830,000 0.0% $397 / Sq Ft
09/26/2024 09/26/24 Off Market $1,830,000 -- --
09/17/2024 09/17/24 For Sale $1,830,000 +100.0% $397 / Sq Ft
10/18/2018 10/18/18 Sold $915,000 +1.8% $328 / Sq Ft
09/16/2018 09/16/18 For Sale $899,000 -1.7% $322 / Sq Ft
08/26/2018 08/26/18 Off Market $915,000 -- --
11/27/2017 11/27/17 Pending -- -- --
11/24/2017 11/24/17 Pending -- -- --
09/26/2017 09/26/17 For Sale $899,000 -- $322 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Wfg National Title Ins Co
Warranty Deed -- Provident Title Company
Warranty Deed $915,000 Provident Title
Warranty Deed -- Commonwealth Land Title Co
Warranty Deed $157,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $937,000 Purchase Money Mortgage
Previous Owner $732,000 Adjustable Rate Mortgage/ARM
Previous Owner $90,585 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $125,600 Purchase Money Mortgage
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24190347

California Regional Multiple Listing Service (CRMLS)

APN: 2126-002-006