tomo logo

$1,099,000

Beds
8
sq ft
3,406

1124 W 42nd St, Los Angeles, CA 90037

1124 W 42nd St

Los Angeles, CA 90037

  • 113 days on market
    • Price drop $100,000↓
Calling all Developers, Investors and builders!!! VACANT 4 unit corner lot building with RTI plans for a 5th unit. Each unit has 2 bedrooms and 1 bath approx 800sqft each. Each unit projected $2500/mo with the 5th RTI unit projected at $2700-$3000/mo for a total of approx $13,000/mo. Tear down option.... Possible potential to build 28 units with the new codes .... please check with the city. Some areas of the units are remodeled and others gutted. Easy to show. Minutes from USC and The Natural History Museum. Call for more details. Seller is open to all offers...all creative financing ideas... all seller building options!!!

Details

Property type

Est. home value

$929,854

Property condition

Fixer
Updated/Remodeled

Lot size

5,067 sq ft

Price per sq ft

$323

Year built

1922

HOA

No

Price History

10/03/2024
CLAW

CLAW #24416933

Price change
$1,099,000
-8.34%
07/18/2024
CLAW

CLAW #24416933

Listed
$1,199,000
+37.82%
10/19/2021
CLAW

CLAW #21761594

Sold
$870,000

Schools & Community

Neighborhood: 

South Los Angeles

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

$509,934
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$501,146
Cash to seller
$509,934

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

June 2022

Original loan amount

$520,000

Est. remaining balance

$501,146

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Amnon Lisbona

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: 11/08/2024 at 6:50 AM

Listing updated: 10/07/2024 at 11:49 AM

Listed by: Michael Bergin, Compass Phone #: (818) 783-7721

MLS: CLAW #24416933

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