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$1,195,000

Beds
8
sq ft
3,784

1102 W 18th St, Los Angeles, CA 90015

1102 W 18th St

Los Angeles, CA 90015

  • 97 days on market
We are pleased to present the opportunity to acquire 1102 W. 18th Street, a four (4) unit multifamily investment, located in Downtown LA. This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 3,784 SF on a 5,020 SF lot. The unit mix consists of four (4) spacious 2-bedroom + 1-bathroom units, of which two (2) units will be delivered vacant upon the close of escrow. Given the location, attractive local area amenities, and opportunity to increase rental income, this investment presents an excellent opportunity for an investor to acquire a unique premier property in the attractive Downtown LA submarket that will provide exponential returns.

Details

Property type

Est. home value

$1,129,970

Lot size

5,020 sq ft

Price per sq ft

$316

Year built

1920

Price History

03/25/2024
CLAW

CLAW #24372485

Listed
$1,195,000
-8.08%
02/17/2024
CRMLS

CRMLS #WS23202538

Removed
$1,300,000
11/21/2023
CRMLS

CRMLS #WS23202538

Listed
$1,300,000

Schools & Community

Neighborhood: 

University Park

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

Freedom Mortgage Corp

Loan start date

March 2022

Original loan amount

$162,180

Est. remaining balance

$154,684

Interest rate

3.45%

Loan type

FHA, 30 year

Seller

James Michael Giovanni

Lender

Freedom Mortgage Corp

Loan start date

October 2017

Original loan amount

$681,249

Est. remaining balance

$588,553

Interest rate

3.78%

Loan type

FHA, 30 year

Seller

James Michael Giovanni

Lender

Freedom Mortgage Corp

Loan start date

January 2017

Original loan amount

$682,746

Est. remaining balance

$583,279

Interest rate

4.16%

Loan type

FHA, 30 year

Seller

James M Giovanni

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 7:45 AM

Listing updated: 04/02/2024 at 5:21 AM

Listed by: Davis Saadian, Carolwood Estates Phone #: (310) 623-3600

MLS: CLAW #24372485

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