tomo logo

$2,200,000

Beds
Unknown
sq ft
Unknown

1038 Dewey Ave, Los Angeles, CA 90006

1038 Dewey Ave

Los Angeles, CA 90006

  • 55 days on market
This is a 6-unit property located in the heart of LA's Koreatown. It is situated between Vermont and Western Avenues, right in the center of Olympic Boulevard. There are 2 units on the second floor, each with 3 bedrooms and 2 bathrooms, and both have two separate entrances. On the third floor, there are 4 one-bedroom units. The property has been recently upgraded and is currently renting at a rate below the market average, ensuring the potential for higher income in the future. There is no rent control in place

Details

Property type

Apartment

Est. home value

$2,188,816

Lot size

5,908 sq ft

Price per sq ft

Unknown

Year built

1989

Price History

05/07/2024
CRMLS

CRMLS #PW24091545

Listed
$2,200,000
+2.33%
04/01/2024
CRMLS

CRMLS #PW23201464

Removed
$2,150,000
11/09/2023
CRMLS

CRMLS #PW23201464

Listed
$2,150,000

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

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

Pacific City Bank

Loan start date

April 2018

Original loan amount

$830,000

Est. remaining balance

Not provided

Interest rate

3.63%

Loan type

Commercial

Seller

Phj Management Llc

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: 07/01/2024 at 7:50 AM

Listing updated: 06/21/2024 at 2:09 PM

Listed by: Anna Jung, Redpoint Realty Phone #: (714) 562-9900

MLS: CRMLS #PW24091545

CRMLS logo

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