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$1,750,000

Beds
3
Baths
1.0
sq ft
1,178

11250 Mississippi Ave, Los Angeles, CA 90025

11250 Mississippi Ave

Los Angeles, CA 90025

  • <1 day on market
**Discover a Prime Multi-Family Development Opportunity in West Los Angeles!** Unlock the potential of this newly renovated traditional California bungalow, perfectly situated south of Santa Monica Blvd in one of West LA's most desirable neighborhoods. This property is not only ideal for end users seeking a charming home, but it also presents an incredible development opportunity with R-3 zoning, making it a golden find for developers, builders, and investors alike! Development surveys and plans are available upon request, including structural plans, soil engineering reports & approval letter, architectural designs & surveys, plot & electrical plans, Title 24 book and more, providing you with everything you need to move forward. Step inside to find rich, solid hardwood floors that enhance the beauty of the main living spaces and bedrooms. The spacious family room features a cozy wood-burning fireplace that flows effortlessly into the formal dining area and well-appointed kitchen, complete with stylish granite countertops, custom cabinetry, and brand new stainless steel appliances. A convenient laundry room is located inside the home, equipped with a full-size side-by-side washer and dryer. The inviting bedroom layout includes two generous guest bedrooms that share a beautifully remodeled hall bathroom, while the master suite at the rear of the home boasts a luxurious en-suite bath with a walk-in shower and direct access to the serene rear grounds. Additional highlights of this property include a detached two-car garage with a brand new garage door and motor, easily accessible from Beloit Ave, making it ideal for an ADU. The extensive list of upgrades also features a fully paid-off solar system, new double-pane windows, fresh interior and exterior paint, new vinyl fencing and a sliding gate, a new 200 amp electrical panel, remodeled kitchen and bathrooms, and updated lighting and ceiling fans throughout. Situated just steps away from the vibrant dining scene of Sawtelle and offering immediate access to the I-10 and I-405 freeways, this property is a true gem waiting to be seized. Don't miss out on this exceptional opportunity explore the possibilities today!

Details

Property type

Single Family Residence

Est. home value

$1,583,651

Lot size

4,240 sq ft

Price per sq ft

$1,486

Year built

1947

HOA

No

Price History

10/11/2024
CLAW

CLAW #24452231

Listed
$1,750,000
+66.67%
04/29/2022
CLAW

CLAW #21731742

Sold
$1,050,000

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

$817,130
Asking price
$1,750,000
Closing costs (~8% of asking)
-$140,000
Est. remaining loan balance
-$792,870
Cash to seller
$817,130

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

$792,870

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: Active

Tomo last checked: 10/14/2024 at 12:25 AM

Listing updated: 10/13/2024 at 9:16 PM

Listed by: Samaneh Rezaeian, Rodeo Realty Phone #: (310) 724-7100

MLS: CLAW #24452231

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