18955 Covello Street
Reseda, CA, 91335
$725,000
MLS: OC26057957
Beds
3
Baths
2
Sq Ft
1,373
Lot
0.13 ac
Year Built
1956
MLS #
OC26057957
Days on Market
22
Listed
Mar 17, 2026
Description
Investor opportunity in the heart of Reseda! 18955 Covello St presents a value-add property with strong upside potential, ideal for investors, flippers, or contractors looking to bring their vision to life. The home features a traditional layout with a spacious living area, galley-style kitchen, and generously sized lot offering room for expansion or reconfiguration. Interior condition reflects the need for updates and repairs, making it a prime candidate for renovation and repositioning in today’s market. The property sits on a corner lot with added curb appeal potential and flexibility for outdoor enhancements. Located in a well-established San Fernando Valley neighborhood, the property offers convenient access to everyday amenities including shopping, dining, and commuter routes. Nearby recreational options include Reseda Park and Recreation Center, known for its walking paths, sports courts, picnic areas, and community amenities , as well as additional green spaces and outdoor activities throughout the area that support an active lifestyle . With its central location and redevelopment potential, this is an excellent opportunity to invest in a property with long-term upside in a consistently in-demand rental and resale market. Property is being sold as-is; buyers to conduct all investigations and verify condition, permits, and potential use. Listing broker team will not represent investors/buyers, please contact your preferred Realtor to schedule a tour and make an offer today!
Location
Reseda, Los Angeles County, CA 91335
Open on Google Maps ↗Listed by: Jessica Nieto · eXp Realty of California Inc
Payment estimate
$5,336
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $72,500 · Loan: $652,500
- Principal & Interest
- $4,009
- Property tax (1.25%)
- $755
- Homeowners insurance
- $300
- Mortgage insurance
- $272
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Reseda home with as little as 3.5% down using an FHA loan — roughly $25,375 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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