tomo logo

$1,275,000

Beds
Unknown
sq ft
4,172

1131 Lakme Ave, Wilmington, CA 90744

1131 Lakme Ave

Wilmington, CA 90744

  • 46 days on market
This 6-unit apartment building sits on a beautiful tree-lined street in the Historic Banning Park Area in the city of Wilmington. (2) 2 bedroom, 1 bath units and (4) 1 bedroom, 1 bath units with plenty of rental upside. There is gated parking in the back with alley access. This property has great curb appeal with a gorgeous courtyard and a large setback. It is centrally located between the 110 and 710 freeways, and near the San Pedro Waterfront Renovation of Ports O' Call.

Details

Property type

Apartment

Est. home value

$1,709,647

Lot size

8,481 sq ft

Price per sq ft

$306

Year built

1960

Price History

10/07/2024
CRMLS

CRMLS #SB24207821

Listed
$1,275,000

Schools & Community

Neighborhood: 

Wilmington

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks

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

$649,179
Asking price
$1,275,000
Closing costs (~8% of asking)
-$102,000
Est. remaining loan balance
-$523,821
Cash to seller
$649,179

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

Seller’s Loan History

Lender

Redstone Funding Llc

Loan start date

April 2022

Original loan amount

$550,000

Est. remaining balance

$523,821

Interest rate

3.92%

Loan type

New Conventional, 30 year

Seller

Norman Aina Thompson and Bobbi Ann Acosta

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: 11/22/2024 at 8:20 AM

Listing updated: 10/16/2024 at 7:04 AM

Listed by: Steve Nimeh, eXp Realty of Greater Los Angeles, Inc. Phone #: (888) 652-1314

MLS: CRMLS #SB24207821

CRMLS logo

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