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$1,583,651Estimated home value

Beds
3
Baths
1.0
sq ft
1,178

11250 Mississippi Ave, Los Angeles, CA 90025

11250 Mississippi Ave

Los Angeles, CA 90025

  • Sold On 5/27/2022
PROBATE SALE, Subject to Court confirmation and over-bidding in Court. Sale was confirmed in Court on March 18th, 2022. Great redevelopment opportunity in the prime neighborhood of Sawtelle Japantown! For Sale AFTER more than 71 years! Located steps away from Little Osaka's restaurants in Sawtelle, and with easy access to the I-10 & I-405! Existing single-family home on R3 zoned lot. Existing house is livable, but the value is mainly in land, and redeveloping the subject property. Solar panels installed in 2016 are included in the sale. Buyer to verify. Sold AS IS and WHERE IS. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Seller is a Court appointed fiduciary and cannot make any representations as to the condition and history of the subject property. Buyer to conduct their own investigations.

Details

Property type

Single Family Residence

Est. home value

$1,583,651

Lot size

4,238 sq ft

Price per sq ft

$937

Year built

1947

Price History

11/19/2024
CLAW

CLAW #24452231

Removed
$1,650,000
10/21/2024
CLAW

CLAW #24452231

Price change
$1,650,000
-5.71%
10/11/2024
CLAW

CLAW #24452231

Listed
$1,750,000
+66.67%

Schools & Community

Neighborhood: 

Sawtelle

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

$224,968
Asking price
$1,103,000
Closing costs (~8% of asking)
-$88,240
Est. remaining loan balance
-$789,792
Cash to seller
$224,968

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

Seller’s Loan History

Lender

First Republic Bank

Loan start date

January 2022

Original loan amount

$840,000

Est. remaining balance

$789,792

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Hesam Fadaifar

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: Off Market

Tomo last checked: 11/22/2024 at 2:20 AM

Listing updated: 11/03/2022 at 11:33 AM

Listed by: Vineendra Jain, Ingenious Asset Group, Inc. Phone #: (310) 331-8552

MLS: CLAW #21731742

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