For more information regarding the value of a property, please contact us for a free consultation.
8001 Saloma AVE Panorama City, CA 91402
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IG20054092
Year Built 1954
Lot Size 5,662 Sqft
Property Description
Two houses on a lot with separate addresses. Talk about opportunity, these 2 properties boast Great curb appeal offer approx 1800 total sq ft of living space, with 5 bedrooms & 3 bathrooms total. Each property has their own separate gas,electric meter and water meter. You could live in one property and rent out the other or makes for a great investment opportunity with a potential 6% cap rate by renting out both units.Front house 8001 Has been remodeled and is approx 1032 sq ft with 3 bedrooms and 1 full bathroom.Inside you will be amazed by the natural sunlight throughout the living room. The kitchen features new white shaker cabinetry for optimal storage, new quartz counters & new stainless steel appliances. Hallway leads to the 3 bedrooms serviced by a hallway bathroom with new vanity, new tiled floor and new tiled shower. There is Inside laundry hook ups, new mini split heat & AC. new interior/exterior paint and new laminate floors throughout. The 2nd property 8003- Is a permitted 2019 ADU new build and comes with a builder warranty.Features approx 732 sq ft with 2 bedrooms and 2 bathrooms Kitchen with various cabinets for ample storage and quartz countertop and stainless steel appliances. Laminate floors through out, central heat and AC, and inside laundry hook ups. Front home has the potential to rent for $2700/ month while the back home has the potential to rent for $2500/month for a combined total of $62400/year.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LAR1
Rooms
Other Rooms Two On A Lot
Interior
Heating Central, Wall Furnace
Cooling Central Air, See Remarks, Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplaces Type None
Laundry Inside
Exterior
Pool None
Community Features Curbs
Building
Lot Description Street Level
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard
Read Less
Bought with Farhad Ilderem • First Alliance Realty