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$1,650,000

Beds
7
sq ft
4,049

1056 S Serrano Ave, Los Angeles, CA 90006

1056 S Serrano Ave

Los Angeles, CA 90006

  • 346 days on market
    • Price drop $200,000↓
1056 S Serrano Ave (4units) + 1057 S Hobart BL ( 3 units)Both parcels total 7unts are being sold together and cover one block. These parcels are located in prime location in a Tier 4 Transit Oriented Community which is excellent for Development Opportunity in the heart of Koreatown minutes from restaurants, shopping, entertainment, and Downtown LA. Seller's is MOTIVATED.

Details

Property type

Lot size

6,211 sq ft

Price per sq ft

$408

Year built

1937

HOA

No

Price History

12/05/2024
CLAW

CLAW #24347589

Price change
$1,650,000
-10.81%
07/01/2024
CLAW

CLAW #24347589

Price change
$1,850,000
-11.9%
04/28/2024
CLAW

CLAW #24347589

Removed
$2,100,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Bay Valley Mortgage Group

Loan start date

October 2020

Original loan amount

$356,000

Est. remaining balance

$323,458

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Jong Hye Choi

Lender

Americas Wholesale Lndr

Loan start date

July 2001

Original loan amount

$255,000

Est. remaining balance

$108,947

Interest rate

7.24%

Loan type

Not Provided, 30 year

Seller

Jong Hye Choi

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: 12/27/2024 at 4:10 AM

Listing updated: 12/04/2024 at 9:35 PM

Listed by: Kyong Starrett, New Star Realty Phone #: (213) 385-4989

MLS: CLAW #24347589

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