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7354 Rhea
About This Property
The kitchen, remodeled approximately 10 years ago, offers warm, inviting finishes and a charming window overlooking the backyard and new appliances. A convenient breakfast bar provides casual seating, while an additional nook offers flexibility for a small home office, workspace, or everyday organization.
Enjoy year-round comfort with newly installed mini-split heating and air conditioning. The roof was replaced approximately 10 years ago, providing another valuable improvement to the property.
Outside, newly installed sod in both the front and backyard creates fresh green spaces ready to enjoy. The generous lot offers possibilities for outdoor dining, gardening, recreation, or simply relaxing in your own private outdoor setting. Buyers may also wish to explore the potential for an accessory dwelling unit (ADU), subject to applicable regulations and city approvals. Adding to the property's convenience is a one-car garage and a spacious driveway offering additional off-street parking, a valuable feature for everyday living and visiting guests.
Conveniently located in the heart of Reseda, this home offers easy access to shopping, restaurants, parks, and nearby San Fernando Valley communities, including Lake Balboa, Northridge, Encino, and Sherman Oaks.
Filled with natural light, thoughtful updates, and inviting indoor and outdoor spaces, 7354 Rhea Avenue is ready to welcome its next chapter. Come experience the warmth, charm, and possibilities this delightful home has to offer! You can be in your new home for the Holidays !
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 25, 2026 | Listed by High State Realty | $775,000 | |
| Listed by High State Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017