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$1,800,000

Beds
3
Baths
2.0
sq ft
1,372

1129 Logan St, Los Angeles, CA 90026

1129 Logan St

Los Angeles, CA 90026

  • 23 days on market
*** DEVELOPERS AND/OR INVESTORS OPPORTUNITY *** This is a prime opportunity to develop a residential project in the highly sought-after neighborhood of Echo Park. With the potential to build up to 16 units, this project offers excellent value in one of LA's most vibrant and rapidly growing areas. This property presents an exciting opportunity to capitalize on the growing demand for residential living in Echo Park, a neighborhood that attracts young professionals, artists, and creatives. We strongly advise all prospective buyers and their agents to verify all zoning, permitting, and development requirements with the City of Los Angeles prior to moving forward with any plans or offers. *** PROPERTY CURRENTLY PRODUCES INCOME AS IT'S BEING USED AS AN AIRBNB *** *** CURRENT OWNER MIGHT BE ABLE TO PROVIDE PLANS, PAID PERMITS, SOILS REPORTS, ETC.. *** *** SEE SUPLEMENTALS FOR PRO-FORMA AND TOC INFORMATION ***

Details

Property type

Single Family Residence

Est. home value

$1,379,052

Lot size

6,500 sq ft

Price per sq ft

$1,312

Year built

1909

HOA

No

Price History

01/30/2025
CRMLS

CRMLS #CV25022424

Listed
$1,800,000
+41.45%
05/06/2022
CLAW

CLAW #22118053

Sold
$1,272,500

Schools & Community

Neighborhood: 

Echo Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

High school district: 

Los Angeles Unified

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

$803,703
Asking price
$1,800,000
Closing costs (~8% of asking)
-$144,000
Est. remaining loan balance
-$852,297
Cash to seller
$803,703

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

Seller’s Loan History

Lender

Equity Smart Home Loans Inc

Loan start date

May 2023

Original loan amount

$870,000

Est. remaining balance

$852,297

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Carilu Caudillo

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?

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Status: Active

Tomo last checked: 02/22/2025 at 2:30 AM

Listing updated: 02/06/2025 at 6:45 AM

Listed by: Hector Benavidez, KELLER WILLIAMS REALTY Phone #: (714) 584-2700

MLS: CRMLS #CV25022424

CRMLS logo

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