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$1,165,000

Beds
5
Baths
3.0
sq ft
1,958

7518 Amigo Ave, Reseda, CA 91335

7518 Amigo Ave

Reseda, CA 91335

  • 7 days on market
Welcome to that great investment, house hack, multigenerational living, or just a nice home with a permitted 2 BEDROOM Accessory Dwelling Unit with vaulted ceilings. The ADU is currently being rented out and will be sold with wonderful tenants in place paying market rents. The ADU has its own washer/dryer hook ups and its own yard space, making it private and checks all the boxes someone would want in a second unit. The main house is 3 bedrooms and 2 bathrooms with an open floor plan, including an elevated stage perfect for your piano or formal living room area. Providing plenty of off street parking and you are in a great pocket to where you can zip around the San Fernando Valley. The home also has paid off solar panels. The main house will be delivered vacant by the close of escrow. The main house is 1,275 square feet and the ADU is 683 square feet. Sellers will pay a concession towards Buyer's Broker and/or closing costs. FHA and Freddie Mac may be able to include the ADU income to help​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​​‌​‌​​​‌‌​ qualify.

Details

Property type

Single Family Residence

Est. home value

$866,951

Lot size

6,248 sq ft

Price per sq ft

$595

Year built

1948

Price History

09/12/2024
CRMLS

CRMLS #SR24179606

Listed
$1,165,000
+51.24%
06/01/2022
CRMLS

CRMLS #SR21257540

Sold
$770,315

Schools & Community

Neighborhood: 

Reseda

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

$209,563
Asking price
$1,165,000
Closing costs (~8% of asking)
-$93,200
Est. remaining loan balance
-$862,237
Cash to seller
$209,563

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

Seller’s Loan History

Lender

Mid-American Mortgage Inc

Loan start date

May 2022

Original loan amount

$894,402

Est. remaining balance

$862,237

Interest rate

4.72%

Loan type

FHA, 30 year

Seller

Marianne Maki

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: 09/18/2024 at 6:00 PM

Listing updated: 09/17/2024 at 11:01 AM

Listed by: Richard Albert, LAMERICA Real Estate Phone #: (818) 382-3300

MLS: CRMLS #SR24179606

CRMLS logo

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