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$1,995,950

Beds
Unknown
sq ft
Unknown

10408 Fairgrove Ave, Tujunga, CA 91042

10408 Fairgrove Ave

Tujunga, CA 91042

  • 6 days on market
Amazing 6 unit income property in a nice street of Tujunga built on almost 26,000 sq ft of land. Potential great add value opportunity not to be missed. The 2 story detached property consists of 2 X 1 Bed 1 Bath unit on the second floor and a 2 X 2 car garage and a studio unit on the first floor. The second structure has a 1 Bedroom 1 Bathroom, the third structure has another 1 Bedroom 1 Bathroom and the front house has a 2 Bedroom 2. Bathroom with a nice attached one car garage with direct access that can be used as an office, bedroom or a nice workspace for artists or content creators. There is a detached garage at the end of the property that might be converted to another unit for more rental income. Almost all units have washer dryer hookups for convenience. Property has storage area on the property that can be leased for more income. Long, wide solar lighted driveway with plenty of parking at the end. Plenty of carports for additional cars and even an RV or a boat. Property has a huge space at the front and the back with more room to add more possible rental units, house, ADU or a storage as a source of additional income.

Details

Property type

Mixed Use

Est. home value

$1,483,160

Lot size

0.581 acres

Price per sq ft

Unknown

Year built

1938

HOA

No

Price History

12/17/2024
CRMLS

CRMLS #GD24248778

Listed
$1,995,950
+24.75%
03/03/2022
CRMLS

CRMLS #BB21058265

Sold
$1,600,000

Schools & Community

Neighborhood: 

Tujunga

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban, Sidewalks

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,489,257
Asking price
$1,995,950
Closing costs (~8% of asking)
-$159,676
Est. remaining loan balance
-$347,017
Cash to seller
$1,489,257

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Arcstone Financial Inc

Loan start date

January 2024

Original loan amount

$350,000

Est. remaining balance

$347,017

Interest rate

7.44%

Loan type

New Conventional, 30 year

Seller

Ararat Tahmazyan and The Ararat Tahmazyan Living Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 2:35 AM

Listing updated: 12/21/2024 at 4:50 PM

Listed by: Eduard Khachatryan, Luxury Homes International Phone #: (818) 484-8008

MLS: CRMLS #GD24248778

CRMLS logo

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