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$1,990,000

Beds
4
Baths
3.0
sq ft
3,100

1017 S Alfred St, Los Angeles, CA 90035

1017 S Alfred St

Los Angeles, CA 90035

  • 663 days on market
EXCEPTIONAL INVESTMENT OPPORTUNITY. Location, location, location. Beautiful French Normandy duplex located in the Beverly Hills adjacent area.Walking distance to shopping and restaurants. The expansive 7,400 square foot lot provides a luscious backyard with a mature citrus tree, a perfect space for quiet nights or outdoor entertaining. Rare semi-private alley access, and 2 garages that can fit up to 3 cars plus a carport that can fit an RV. The lower unit has 2 bedrooms and 1 bath and the upper unit has 2 bedrooms and 2 bathrooms. The property is well-suited to add up to two ADUs (buyer to verify). Seller has invested in substantial building upgrades in the past few years while retaining the original charm of the house. Each room has been meticulously decorated. Large windows, easy-maintenance vinyl flooring, and plenty of storage throughout the unit. The kitchen is equipped with stainless steel appliances. This is a turn-key property ready for it's next owner. This property is part of the South Cathay HPOZ.

Details

Property type

Single Family Residence

Est. home value

$1,911,360

Property condition

Updated/Remodeled

Lot size

7,429 sq ft

Price per sq ft

$642

Year built

1936

HOA

No

Price History

01/12/2023
CLAW

CLAW #23231619

Listed
$1,990,000
+32.25%
08/21/2019
CLAW

CLAW #19477606

Sold
$1,504,750

Schools & Community

Neighborhood: 

South Carthay

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$380,466
Asking price
$1,990,000
Closing costs (~8% of asking)
-$159,200
Est. remaining loan balance
-$1,450,334
Cash to seller
$380,466

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

April 2023

Original loan amount

$1,474,400

Est. remaining balance

$1,450,334

Interest rate

6.73%

Loan type

New Conventional, 30 year

Seller

David Ardestani and Jennifer Mazal Akshlomo

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: 11/05/2024 at 5:55 PM

Listing updated: 09/30/2024 at 11:51 AM

Listed by: Vito Teruna, Kape Property Management, Inc. Phone #: (310) 912-7808

MLS: CLAW #23231619

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