tomo logo

$1,895,000

Beds
4
sq ft
3,020

1125 Hi Point St, Los Angeles, CA 90035

1125 Hi Point St

Los Angeles, CA 90035

  • 192 days on market
    • Price drop $100,000↓
Character Spanish duplex in Carthay Square with original details. Great for an owner/user or an investor. Lower unit is a 2BR + 1.5BA and has a step-down living room with wood beam ceilings, hardwood floors with tile steps and decorative fireplace. Formal dining room with open kitchen and updated bathroom. The upstairs unit features 2BR+ 2BA, living room with sliding doors that lead to a balcony overlooking the front yard. Decorative tiled fireplace, formal dining room, open kitchen, and updated bathrooms. Both units have central air/heat and a laundry room. Lush landscaping with lovely backyard with sitting area, large swimming pool and 2-car garage. Close to The Miracle Mile, LACMA, The Grove and all that LA has to offer. Property is located in Carthay Square HPOZ. BOTH UNITS TO BE DELIVERED VACANT AT CLOSE OF ESCROW.

Details

Property type

Est. home value

$2,086,936

Lot size

6,503 sq ft

Price per sq ft

$628

Year built

1928

HOA

No

Price History

07/17/2024
CLAW

CLAW #24391545

Price change
$1,895,000
-5.01%
05/13/2024
CLAW

CLAW #24391545

Listed
$1,995,000
-4.95%
04/18/2024
CLAW

CLAW #23317097

Removed
$2,099,000

Schools & Community

Neighborhood: 

South Carthay

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

The John And Candace Gavan Living Trust

Loan start date

November 2023

Original loan amount

$3,200,000

Est. remaining balance

Not provided

Interest rate

7.31%

Loan type

Commercial

Seller

Barry P King and Ronna Ray King

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: 11/21/2024 at 7:50 PM

Listing updated: 08/26/2024 at 10:09 AM

Listed by: Michael Nourmand, Nourmand & Associates-BH Phone #: (310) 274-4000

MLS: CLAW #24391545

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