5518 Saloma Avenue
Sherman Oaks, CA 91411
Listing broker / agent: Pinnacle Estate Properties · Caren Leib · CRMLS
MLS # 26987113 · Last checked Oct 22, 2026 04:51 UTC
About this property
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.
Property details
- MLS number
- 26987113
- Status
- Active Under Contract (Backup)
- Type
- Residential
- Subtype
- Single Family Residence
- Beds / baths
- 3 Beds • 3 Baths
- Living area
- 2,289 (area; units unconfirmed)
- Lot size
- 0.1489 acres
- County
- Los Angeles
- Year built
- 1961
- Stories
- 1
More property detailsCollapse
Listing
- Days on market
- 28
Building
- Year built
- 1961
- Architectural style
- Traditional
- Stories
- 1
- Building stories
- 1
- Levels
- One
Bathrooms
- Full bathrooms
- 2
- Half bathrooms
- 1
- Three-quarter bathrooms
- 0
- Quarter bathrooms
- 0
Rooms & interior
- Appliances
- Dishwasher, Refrigerator, Dryer, Washer
- Heating
- Central
- Fireplace
- Den, Living Room
- Laundry
- Laundry Room
- Furnishing
- Unfurnished
Exterior & parking
- Total parking spaces
- 2
- Parking
- Door Multi, Garage
- Attached garage
- Yes
- Pool
- None
- Spa
- None
- Property outlook
- None
Fees & lease terms
- Association
- No
Schools reported in the listing
- High school district
- Los Angeles Unified
School information is supplied with the listing. Confirm current attendance boundaries and enrollment eligibility directly with the school district.
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Kester Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Van Nuys | K–5 | 0.2 mi |
| Van Nuys Middle (school website, opens in a new tab) Los Angeles Unified · Van Nuys | 6–8 | 0.4 mi |
| Sylvan Park Elementary (school website, opens in a new tab) Los Angeles Unified · Van Nuys | K–5 | 0.9 mi |
| Hesby Oaks Leadership Academy (school website, opens in a new tab) Los Angeles Unified · Encino | K–8 | 1.0 mi |
| Chandler Elementary (school website, opens in a new tab) Los Angeles Unified · Sherman Oaks | K–5 | 1.2 mi |
| Will Rogers Continuation (school website, opens in a new tab) Los Angeles Unified · Van Nuys | 9–12 | 1.3 mi |
| Van Nuys Senior High (school website, opens in a new tab) Los Angeles Unified · Van Nuys | 9–12 | 1.4 mi |
| Sherman Oaks Elementary Charter (school website, opens in a new tab) Los Angeles Unified · Sherman Oaks | K–5 | 1.4 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,295,000
- MLS-reported original asking price
- $1,295,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:53 | $1,295,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Sherman Oaks
Active residential homes for sale in Sherman Oaks, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
38 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-22 05:39 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗