tomo logo

$1,625,000

Beds
6
Baths
5.0
sq ft
3,051

8524 Saloma Ave, Panorama City, CA 91402

8524 Saloma Ave

Panorama City, CA 91402

  • 1 day on market
Total of three properties. This spacious property features a 1,476 sq. ft. main house (8524 Saloma Avenue), a 1,018 sq. ft. ADU (8526 Saloma Avenue), and a 557 sq. ft. junior ADU (8522 Saloma Avenue), making it ideal for multi-generational living, rental income, or an owner-occupant seeking additional financial flexibility. The ADU and junior ADU are newly built with modern finishes, while the main house has been extensively remodeled to match the same contemporary style and high standards. All three units boast brand-new engineered flooring, a stylish new kitchen with sleek cabinetry and premium countertops, new modern bathrooms with elegant fixtures, and high-quality finishes throughout. Large windows bring in abundant natural light, creating bright and welcoming living spaces. Thoughtfully designed floor plans maximize comfort and functionality for residents in each unit. The main house is currently rented on a month-to-month basis for $4,500 per month, offering the option to be delivered vacant or with the tenant in place for immediate rental income. Each unit is fully independent and has a separate address, featuring its own laundry, central AC and heating, and a private outdoor seating area, perfect for summer BBQs and entertaining guests. Located in a desirable neighborhood with easy access to shopping, dining, schools, and major freeways, this is an incredible opportunity for homeowners seeking additional income potential or families looking for a multi-generational living arrangement in a modern, move-in-ready property.

Details

Property type

Single Family Residence

Est. home value

$743,237

Lot size

7,719 sq ft

Price per sq ft

$533

Year built

1955

HOA

No

Price History

01/21/2025
CRMLS

CRMLS #GD25011406

Listed
$1,625,000
+146.21%
08/18/2023
CRMLS

CRMLS #OC23137830

Sold
$660,000

Schools & Community

Neighborhood: 

Panorama City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Los Angeles Unified

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

Fidelity Lending Solutions Inc

Loan start date

March 2024

Original loan amount

$570,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

New Conventional, 30 year

Seller

Viktorya Gevorgyan

Lender

Tigran Galstyan

Loan start date

August 2023

Original loan amount

$550,000

Est. remaining balance

Not provided

Interest rate

6.67%

Loan type

Commercial, 0 year

Seller

Viktorya Gevorgyan

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: 01/22/2025 at 1:00 AM

Listing updated: 01/21/2025 at 6:39 PM

Listed by: Magda Mavian, Evernest Realty Group Phone #: (818) 472-0808

MLS: CRMLS #GD25011406

CRMLS logo