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$1,695,000

Beds
9
sq ft
4,243

5551 Mammoth Ave, Sherman Oaks, CA 91401

5551 Mammoth Ave

Sherman Oaks, CA 91401

  • 118 days on market
    • Price drop $304,500↓
Welcome to 5551 Mammoth Ave, an incredible investment opportunity nestled on a sunny corner lot near the highly desirable neighborhood of Sherman Oaks. This well-maintained five-unit apartment building exudes classic Southern California charm while featuring modern updates throughout.The property includes four garage spaces for ample parking and storage, along with a spacious yard beautifully landscaped with lush flora, creating a serene outdoor retreat.With stable rental income, low vacancy rates, and strong growth potential, this turnkey property is ideal for investors seeking long-term appreciation in a prime Los Angeles location. Whether you're looking to live in one unit and rent out the others or to expand your investment portfolio, 5551 Mammoth Ave has it all.

Details

Property type

Lot size

8,431 sq ft

Price per sq ft

$400

Year built

1947

HOA

No

Price History

09/24/2024
CLAW

CLAW #24430555

Price change
$1,695,000
-15.23%
08/24/2024
CLAW

CLAW #24430555

Listed
$1,999,500

Schools & Community

Neighborhood: 

Sherman Oaks

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

Eh National Bank

Loan start date

October 2020

Original loan amount

$1,008,000

Est. remaining balance

Not provided

Interest rate

2.96%

Loan type

Commercial

Seller

5551 Mammoth Llc

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: 12/22/2024 at 8:05 AM

Listing updated: 12/04/2024 at 6:40 PM

Listed by: Erin Moore, Douglas Elliman of California, Inc. Phone #: (424) 203-1800

MLS: CLAW #24430555

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