tomo logo

$1,170,000

Beds
3
Baths
2.25
sq ft
1,613

5657 Fulton Ave, Van Nuys, CA 91401

5657 Fulton Ave

Van Nuys, CA 91401

  • 31 days on market
What a perfect investment opportunity! Live in the main house and enjoy the rental income from the ADU. This charming main house features a single-story layout, a permitted ADU, and a bonus exterior recreation room! MAIN HOUSE features 3 bedrooms, 2 baths, and 1,278 sq ft of light-filled living space on a spacious lot in the Valley Glen pocket. Inside, beautiful floors are installed throughout, accentuating the large living room and dining room, creating an ideal flow for entertaining. The kitchen is spacious and features granite countertops. Adjacent to the kitchen is the laundry room, which includes extra cabinets. The master bedroom is ample in size, with a large closet and an en-suite bathroom. All the bedrooms are large and bright, filled with natural light. Additionally, there is a PERMITTED ADU with its own address at 5659 Fulton and a separate bonus room in the rear, currently leased together for $1,850 per month until the end of January 2025. The charming studio boasts an updated bathroom and spans 335 sq ft of light-filled living space. Attractive flooring throughout enhances the open feel of the spacious living area, providing a seamless layout for entertaining. A BONUS rec-room offers extra space for storage or activities. A single parking space is available in the alley by the side gate, while covered parking is available in the rear for the main house for cars. Occupants can also obtain permits for street parking for themselves and their guests. The backyard is perfect for entertaining, featuring a BBQ grill and fruit trees. The property is secure and gated, equipped with central air and heating, and features solar panels that are owned and paid off, providing significant savings. Additional upgrades include a new roof installed in 2023, updated electrical, sewer line improvements, partial copper plumbing, a brand-new water heater for the main house, and an EV charger. The property operates on one set of gas, water, and electricity meters. Conveniently situated near LA Valley College, NoHo West Mall, and various amenities, with easy access to the 170 and 101 freeways, this is the home you've been waiting for!

Details

Property type

Single Family Residence

Est. home value

$1,161,575

Lot size

7,199 sq ft

Price per sq ft

$726

Year built

1949

Price History

05/29/2024
CRMLS

CRMLS #BB24098302

Listed
$1,170,000

Schools & Community

Neighborhood: 

Valley Glen

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Los Angeles Unified

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

$789,993
Asking price
$1,170,000
Closing costs (~8% of asking)
-$93,600
Est. remaining loan balance
-$286,407
Cash to seller
$789,993

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

Seller’s Loan History

Lender

Bourns Employees Fcu

Loan start date

May 2020

Original loan amount

$313,000

Est. remaining balance

$286,407

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Alex Marcarian and Kristina Davtyan

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?

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Status: Active

Tomo last checked: 06/29/2024 at 6:20 AM

Listing updated: 06/15/2024 at 5:33 PM

Listed by: Elvin Apelian, Equity Union Phone #: (818) 381-5100

MLS: CRMLS #BB24098302

CRMLS logo

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