5518 Saloma Avenue
Sherman Oaks, CA, 91411
$1,295,000
MLS: 26987113
Beds
3
Baths
3
Sq Ft
2,289
Lot
0.15 ac
Year Built
1961
MLS #
26987113
Days on Market
28
Listed
Sep 11, 2026
Description
First time on the market in 65 years! This 3-bedroom, 2.5-bath Sherman Oaks home has been cherished by the same family for the past 65 years and is ready for its next chapter. Offering 2,289 square feet of living space on an almost 6,500-square-foot lot, the home features a great floor plan with generously sized rooms, two fireplaces and plenty of storage throughout. Light, bright, thoughtfully updated and freshly painted, with stainless steel appliances in the kitchen, this warm and inviting home is truly move-in ready while still offering the opportunity to personalize and make it your own. Outside, a grassy backyard offers plenty of space for entertaining, relaxing and enjoying the Southern California lifestyle. A generous two-car garage provides additional parking and storage. Located in the sought-after Magnolia Woods neighborhood of Sherman Oaks, just down the street from award-winning Kester Avenue Elementary School.
Location
Sherman Oaks, Los Angeles County, CA 91411
Open on Google Maps ↗Listed by: Caren Leib · Pinnacle Estate Properties
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$10,204
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $129,500 · Loan: $1,165,500
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $8,070
- Property tax (1.25%)
- $1,349
- Homeowners insurance
- $300
- Mortgage insurance
- $486
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Sherman Oaks home with as little as 3.5% down using an FHA loan — roughly $45,325 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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