tomo logo

$1,199,000

Beds
5
Baths
2.5
sq ft
1,905

5724 Halbrent Ave, Van Nuys, CA 91411

5724 Halbrent Ave

Sherman Oaks, CA 91411

  • 68 days on market
Located in a desirable neighborhood, this home has been transformed into a duplex with an additional Detached Accessory Dwelling Unit (ADU). With an elegant 3 BR/1 BA main home and a studio second unit, this inviting Sherman Oaks home could be the opportunity of a lifetime. Located a short distance away from a variety of shops and restaurants, parks and schools, this unique property offers a chance to live in the main home and rent the second unit and ADU or rent all three units out and create a potentially life-changing revenue stream. The main home has been updated with new LVP flooring throughout and a beautiful contemporary-style kitchen with quartz counters. With stylish glass tile accent walls and white custom cabinets, the kitchen is a focal point. Open to the dining area as well as a living room with a fireplace, the kitchen is equipped with stainless steel appliances, including a gas range. The updated bathroom includes a soaking tub/shower and a separate walk-in shower. The studio unit also features quality fixtures, quartz counters, gas range, updated bathroom, and a fireplace. A large, covered patio for al fresco dining adds to the appeal. The detached ADU has marble tile in the shower; quality fixtures, quartz counters, gas range and energy efficient mini-split HVAC units. Other features include a laundry room in the main home, dual pane windows, new exterior paint, expansive patio space and off-street parking. Capitalize on owner-occupant friendly interest rates, build a home, create a family compound, or purchase solely as an investment and avoid the stress/fluctuations of the financial markets—the options are endless. And with many exciting changes on the horizon for this location in Sherman Oaks, the home could bring substantial monthly income as well as the potential for appreciation. With a premium location in an established neighborhood, a cheerful exterior and refined interiors, this versatile property could be a chance to build a legacy spanning multiple generations.

Details

Property type

Single Family Residence

Est. home value

$1,321,802

Lot size

5,993 sq ft

Price per sq ft

$630

Year built

1947

Price History

05/27/2024
CRMLS

CRMLS #SR24079958

Listed
$1,199,000
05/14/2024
CRMLS

CRMLS #SR24079958

Pending
$1,199,000
05/13/2024
CRMLS

CRMLS #SR24079958

Listed
$1,199,000

Schools & Community

Neighborhood: 

Sherman Oaks

Elementary school: 

Kester

Middle school: 

Van Nuys

High school: 

Van Nuys

Community features: 

Suburban

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

$381,179
Asking price
$1,199,000
Closing costs (~8% of asking)
-$95,920
Est. remaining loan balance
-$721,901
Cash to seller
$381,179

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

January 2023

Original loan amount

$733,500

Est. remaining balance

$721,901

Interest rate

6.58%

Loan type

New Conventional, 30 year

Seller

Arsalan Dokhanishabestari

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: 07/01/2024 at 7:45 AM

Listing updated: 06/15/2024 at 10:03 PM

Listed by: Gail Salem, Berkshire Hathaway HomeServices California Properties Phone #: (818) 501-4800

MLS: CRMLS #SR24079958

CRMLS logo

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