tomo logo

$1,995,000

Beds
4
Baths
3.5
sq ft
2,339

6047 Ethel Ave, Van Nuys, CA 91401

6047 Ethel Ave

Valley Glen, CA 91401

  • 61 days on market
Welcome to an extraordinary retreat nestled in the heart of Valley Glen! This unique gem offers complete privacy with a sprawling compound adorned with mature trees and secured by an electric gate, providing ample on site parking. Step inside this captivating Spanish-style home, meticulously restored to showcase its original features. With two large bedrooms both with en-suite bathrooms. Two separate Guesthouses, both detached in the rear of the property. This residence effortlessly blends warmth and sophistication and boast a unique opportunity for considerable rental income. Discover a world of charm and character within the inviting interiors, featuring Harwood floors, a cozy fireplace, and abundant natural light streaming through large windows. The living room and bedrooms feature redone original crown molding and lovely Spanish arches, seamlessly connecting to the outdoor dining area through sliding doors. Perfect for embracing indoor-outdoor living. The true allure of this property lies outdoors, where a lush 12,881 sq. Ft. Oasis awaits. Unwind in the inviting outdoor dining area, or relax in one of the multiple sitting areas surrounded by flowering lavender,bougainvillea, jasmine and fruit trees. There are two fire pits and two hot tubs on the property, creating a serene atmosphere of tranquility. The two guesthouses can be permitted as senior and junior ADU, or as one larger 1200 sq. Ft. ADU. Owner has plans for a 4500 Sq. Ft. House with a pool and attached garage, RTI. This property could be ideal for a family looking to develop a large flat lot or for an investor looking for excellent rental income. Conveniently located near shops,dining,entertainment and major transportation. This home offers the perfect blend of tranquility and urban convenience. Don't miss the opportunity on this very special property.

Details

Property type

Single Family Residence

Est. home value

$1,339,126

Property condition

Updated/Remodeled

Lot size

0.2957 acres

Price per sq ft

$853

Year built

1936

HOA

No

Price History

04/29/2024
CLAW

CLAW #24384575

Listed
$1,995,000
+58.33%
03/14/2022
CLAW

CLAW #21108785

Sold
$1,260,000

Schools & Community

Neighborhood: 

Valley Glen

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

Newtek Small Business Finance Llc

Loan start date

October 2022

Original loan amount

$90,000

Est. remaining balance

Not provided

Interest rate

5.55%

Loan type

Commercial, 9 year

Seller

6047 Ethel Ave 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?

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Status: Active

Tomo last checked: 06/29/2024 at 6:30 AM

Listing updated: 06/05/2024 at 4:53 PM

Listed by: Deborah Scharf, HomeSmart, Evergreen Realty Phone #: (949) 753-7888

MLS: CLAW #24384575

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