tomo logo

$899,000

Beds
5
sq ft
1,614

10603 Lou Dillon Ave, Los Angeles, CA 90002

10603 Lou Dillon Ave

Los Angeles, CA 90002

  • 38 days on market
Welcome to 10603 Lou Dillon Avenue a versatile triplex offering incredible opportunities for first-time buyers, investors, or extended families. This property is delivered fully vacant and is ready for immediate occupancy. Unit 1: This spacious 3-bedroom, 2-bathroom home has been fully remodeled and is move-in ready. It features updated flooring, a modern open concept kitchen, stylish bathrooms, and fresh paint throughout. Units 2 & 3: Located in a detached building, these two identical 1-bedroom, 1-bathroom units are both recently updated with new flooring and fresh paint. This property is ideal for a first-time buyer looking to live in a beautifully updated unit while renting out the other two. Perfect for investors seeking passive cash flow by renting all three units, or for a large family looking for separate living spaces within a single property. Property also features ample parking available at both the front and rear of the property. Expansive lot with potential to extend or build an additional unit. Prime location with easy access to local amenities and transport links. Whether you're looking to reside in one unit and rent the others, generate passive income from all three units, or accommodate a big family, this property offers the flexibility and potential to meet your needs. Don't miss this unique opportunity.

Details

Property type

Est. home value

$808,852

Lot size

6,507 sq ft

Price per sq ft

$558

Year built

1923

HOA

No

Price History

08/12/2024
CLAW

CLAW #24426659

Listed
$899,000
+24%
11/19/2021
CLAW

CLAW #21778454

Sold
$725,000
+36.79%
10/24/2019
CRMLS

CRMLS #DW19165673

Sold
$530,000

Schools & Community

Neighborhood: 

Watts

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

$159,329
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$667,751
Cash to seller
$159,329

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

Seller’s Loan History

Lender

Sun West Mortgage Company Inc

Loan start date

November 2021

Original loan amount

$711,868

Est. remaining balance

$667,751

Interest rate

2.88%

Loan type

FHA, 30 year

Seller

Karina Castillo

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 4:35 AM

Listing updated: 08/22/2024 at 12:24 PM

Listed by: Raul Herrera, eXp Realty of California Inc Phone #: (888) 584-9427

MLS: CLAW #24426659

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