tomo logo

$2,000,000

Beds
6
sq ft
5,991

1041 Elden Ave, Los Angeles, CA 90006

1041 Elden Ave

Los Angeles, CA 90006

  • 49 days on market
Amazing three unit property that currently provides substantial income or offers a redevelopment opportunity for a savvy investor. All units are occupied. Located on a large 8,700 sf lot with R4 zoning. The front building is a large three story home with bedrooms, kitchen, four bathrooms, and laundry in the basement. There are 2 studio units located above the 3 car garage in the rear of the property. Gated with plenty of available parking. Conveniently located in Koreatown close to restaurants, stores, and the new development underway at Olympic and Vermont, which is currently planned to include a Target and other residential and commercial​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​​‌​‌​​​‌‌​ businesses.

Details

Property type

Est. home value

$1,482,903

Lot size

8,703 sq ft

Price per sq ft

$334

Year built

1915

HOA

No

Price History

08/01/2024
CLAW

CLAW #24422558

Listed
$2,000,000
-9.09%
07/13/2024
CRMLS

CRMLS #P1-16336

Removed
$2,200,000
06/06/2024
CRMLS

CRMLS #P1-16336

Price change
$2,200,000
-2.22%

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

Greenpoint Mortgage Funding Inc

Loan start date

October 2006

Original loan amount

$730,000

Est. remaining balance

Not provided

Interest rate

2%

Loan type

Not Provided, 30 year

Seller

Jae Keun Park

Lender

Greenpoint Mortgage Funding Inc

Loan start date

October 2006

Original loan amount

$170,000

Est. remaining balance

Not provided

Interest rate

6.11%

Loan type

Credit Line (Revolving), 15 year

Seller

Jae Keun Park

Lender

Washington Mutual Bank Fa

Loan start date

August 2003

Original loan amount

$147,000

Est. remaining balance

Not provided

Interest rate

5.21%

Loan type

Credit Line (Revolving)

Seller

Jae Keun Park

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: 09/20/2024 at 5:35 AM

Listing updated: 08/20/2024 at 9:03 AM

Listed by: Lilian Han, Dream Realty & Investments Inc Phone #: (213) 380-8949

MLS: CLAW #24422558

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