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$3,825,000

Beds
8
sq ft
4,903

1117 S Wooster St, Los Angeles, CA 90035

1117 S Wooster St

Los Angeles, CA 90035

  • 81 days on market
Prime Investment Opportunity in Los Angeles. Experience modern luxury at 1117 S Wooster St, a meticulously renovated fourplex offering a blend of sophistication and investment potential in the heart of Los Angeles. Each of the four units features 2 bedrooms and 2 bathrooms with open floor plans, chef-inspired kitchens, and in-unit washer/dryer facilities. Key Features:*Modern Interiors: Enjoy contemporary living spaces designed for comfort and style, complete with premium appliances and sleek finishes.*Ideal Location: Located in a highly desirable neighborhood, residents benefit from proximity to local amenities, dining, shopping, and entertainment options. Easy access to major transportation routes enhances convenience for tenants.*Vacant Units: All units have been meticulously renovated and are vacant, offering immediate occupancy or leasing at market rates. This turnkey investment opportunity ensures minimal downtime and maximum rental income potential. Whether you're a seasoned investor or first-time buyer, 1117 S Wooster St presents an exceptional opportunity to own a premier property in one of Los Angeles' most coveted neighborhoods. Don't miss out on this chance to capitalize on the thriving rental market in LA. Contact us today to schedule a viewing and secure your investment in urban luxury.

Details

Property type

Est. home value

$2,521,476

Lot size

6,331 sq ft

Price per sq ft

$781

Year built

1940

HOA

No

Price History

06/30/2024
CLAW

CLAW #24409917

Listed
$3,825,000
+52.09%
07/31/2023
CLAW

CLAW #23234327

Sold
$2,515,000

Schools & Community

Neighborhood: 

Pico-Robertson

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

$2,041,062
Asking price
$3,825,000
Closing costs (~8% of asking)
-$306,000
Est. remaining loan balance
-$1,477,938
Cash to seller
$2,041,062

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

June 2023

Original loan amount

$1,500,000

Est. remaining balance

$1,477,938

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

Alexi Darbahani and Samira Ghaffari

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 5:45 PM

Listing updated: 08/15/2024 at 1:23 PM

Listed by: Amir Jawaherian, The Agency Phone #: (424) 230-3700

MLS: CLAW #24409917

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