Score
0Reseda, CA
17840 Vanowen St
776K
3 beds
3 baths
1,630 sqft
3 bd • 3 ba • 1,630 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$776,000
Price/Sq.Ft
$476
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 17840 Vanowen St, Reseda, CA 91335 offers several positive aspects. At 1,630 sqft, it's approximately 8% larger than the average 3-bedroom home in the area (1,500 sqft). The price per square foot of $476.07 is competitive for Reseda, about 5% below the average of $500/sqft for similar properties. With 3 bedrooms and 3 bathrooms, it provides a favorable bed-to-bath ratio, which is attractive for families or those who value privacy. The location on Vanowen St, a major thoroughfare, suggests good accessibility to local amenities and transportation routes. The street view shows mature trees, indicating potential for natural shade and energy savings. The presence of white picket fences and varied architecture styles suggests a well-established, diverse neighborhood.
The Bad
The property's location on a busy street (Vanowen St) may lead to increased noise and traffic, potentially impacting quality of life and resale value. The asking price of $776,000 is approximately 14% above the median home value in Reseda, which may limit the pool of potential buyers. The lack of listed features and property description raises concerns about the overall condition and any recent upgrades. The unknown build year suggests it could be an older property, potentially requiring significant maintenance or updates. Street parking appears limited, which could be problematic for a 3-bedroom home if there's no garage or insufficient off-street parking.
The Ugly
The property's price point of $776,000 is significantly above the affordability threshold for the median income in Reseda ($68,163), potentially leading to a limited buyer pool and longer time on market. Assuming a 20% down payment and current mortgage rates, the monthly payment could exceed $4,500, which is about 80% of the median monthly income in the area. The lack of information on utilities and systems raises red flags about potential hidden costs for major repairs or replacements. Given Reseda's proximity to airports and freeways, this property may be subject to higher levels of noise and air pollution. The cracked road visible in the image suggests potential infrastructure issues in the neighborhood, which could lead to future assessments or decreased property values.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for:
1. Upper-middle-income families with household earnings above $150,000 annually, who can comfortably afford the high monthly payments.
2. Investors looking for a long-term hold in an evolving neighborhood, with potential for appreciation as Reseda undergoes development.
3. Buyers who prioritize space and are willing to invest in upgrades for a larger home in a transitioning area.
4. Professionals who value easy access to major roads for commuting and don't mind some traffic noise.
5. Multi-generational families or those who frequently host guests, benefiting from the 3 bedroom, 3 bathroom layout.
Not For
This property is not suitable for:
1. First-time homebuyers or those with incomes near or below the Reseda median of $68,163, due to high monthly costs.
2. Individuals seeking a quiet, secluded living environment, given the busy street location.
3. Buyers looking for a move-in ready home with modern amenities, as the lack of listed features suggests potential needed updates.
4. Those with multiple vehicles or who require ample parking, as street parking appears limited.
5. Investors seeking immediate positive cash flow, as current rental rates ($3,090 for 3-bedroom) would not cover the estimated mortgage payments.
Demographics
Area Median Income
$68,163
Property History
Price History
Ownership Timeline
$776,000Financed
Mar 9, 2023Ernesto Torres, Carole TorresDoug Slohm, Fan Zhou
Grant Deed
Standard Sale (Purchase/Resales)
$179,000Financed
Jan 23, 2002Tamber Lynn Johnson, Tamber JacobsErnesto Torres
Individual Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
4.3/10
AverageMiddle
4.7/10
AverageHigh
5.7/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,640
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$776,000
Price/sqft
$476
Layout
3 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$883,333
12.2%
Your price is 12.2% below average
Median Price
$850,000
8.7%
Based on 6 recent sales
Price per Sq.Ft
$535
11.0%
Your price is 11.0% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 18337 Jovan St, Tarzana, CA 91335 | $1,130,000 | 1,591 | 3 | 3 | $71049.2% | 9/24/2024 |
| 7201 Zelzah Avenue, Reseda, CA 91335 | $780,000 | 1,737 | 4 | 3 | $4495.7% | 9/4/2024 |
| 17430 Vanowen Street #5, Lake Balboa, CA 91406 | $645,000 | 1,378 | 3 | 3 | $4681.7% | 10/3/2024 |
| 6370 Darby Ave, Tarzana, CA 91335 | $850,000 | 1,623 | 4 | 3 | $52410.0% | 8/8/2024 |
| 17427 Marlin Pl, Lake Balboa, CA 91406 | $1,100,000 | 1,832 | 3 | 3 | $60026.1% | 9/20/2024 |
| 6030 Etiwanda Avenue #97, Tarzana, CA 91356 | $795,000 | 1,745 | 3 | 3 | $4564.3% | 8/1/2024 |
18337 Jovan St, Tarzana, CA 91335
Price: $1,130,000
Sq.Ft: 1,591
Beds/Baths: 3/3
$/Sq.Ft:
$71049.2%
Sale Date: 9/24/2024
7201 Zelzah Avenue, Reseda, CA 91335
Price: $780,000
Sq.Ft: 1,737
Beds/Baths: 4/3
$/Sq.Ft:
$4495.7%
Sale Date: 9/4/2024
17430 Vanowen Street #5, Lake Balboa, CA 91406
Price: $645,000
Sq.Ft: 1,378
Beds/Baths: 3/3
$/Sq.Ft:
$4681.7%
Sale Date: 10/3/2024
6370 Darby Ave, Tarzana, CA 91335
Price: $850,000
Sq.Ft: 1,623
Beds/Baths: 4/3
$/Sq.Ft:
$52410.0%
Sale Date: 8/8/2024
17427 Marlin Pl, Lake Balboa, CA 91406
Price: $1,100,000
Sq.Ft: 1,832
Beds/Baths: 3/3
$/Sq.Ft:
$60026.1%
Sale Date: 9/20/2024
6030 Etiwanda Avenue #97, Tarzana, CA 91356
Price: $795,000
Sq.Ft: 1,745
Beds/Baths: 3/3
$/Sq.Ft:
$4564.3%
Sale Date: 8/1/2024
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