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$1,195,000

Beds
2
Baths
1.0
sq ft
615

516 Arden Ave, Glendale, CA 91203

516 Arden Ave

Glendale, CA 91203

  • 1 day on market
Work/Live Commercial Zoned Bungalow style Fully Remodeled Property currently used as Residential on a commercial Zoning. Build retail, food business or office in a prime north west location. The property is zoned GLC3YY with Use code: Single Family Residential. Buyer to verify Zoning and Use Code and satisfy themselves prior to submitting offers.

Details

Property type

Single Family Residence

Est. home value

$879,003

Lot size

1,998 sq ft

Price per sq ft

$1,944

Year built

1947

HOA

No

Price History

03/31/2025
CLAW

CLAW #25518968

Listed
$1,195,000
+52.23%
02/18/2022
CRMLS

CRMLS #P1-7650

Sold
$785,000

Schools & Community

Neighborhood: 

Fremont Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$397,524
Asking price
$1,195,000
Closing costs (~8% of asking)
-$95,600
Est. remaining loan balance
-$701,876
Cash to seller
$397,524

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

February 2023

Original loan amount

$720,000

Est. remaining balance

$701,876

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

Ayk Muradyan

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: 04/03/2025 at 5:45 PM

Listing updated: 04/02/2025 at 10:36 PM

Listed by: Alina Muradyan, The One Phone #: (818) 925-0059

MLS: CLAW #25518968

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