tomo logo

$930,000

Beds
4
sq ft
2,418

1137 S Union Ave, Los Angeles, CA 90015

1137 S Union Ave

Los Angeles, CA 90015

  • 90 days on market
    • Price drop $20,000↓
Welcome to a fantastic investment opportunity in the vibrant Pico/Union area fourplex with a 5% cap rate! This property is perfectly situated just steps away from L.A. Live, shops, galleries, restaurants, transportation, schools, and the LA Red Shield Community Center. Each of the four units features a 1-bedroom, 1-bathroom apartment, with several units recently renovated, adding to the property's appeal and potential.This fourplex offers a great addition to any investment portfolio, located in a dynamic and thriving community with excellent growth potential. Don't miss out on owning in one of Los Angeles' most exciting neighborhoods! The property is fully occupied and with no vacancy.

Details

Property type

Est. home value

$831,419

Property condition

Updated/Remodeled

Lot size

2,050 sq ft

Price per sq ft

$385

Year built

1905

HOA

No

Price History

12/05/2024
CLAW

CLAW #24444017

Price change
$930,000
-2.11%
09/24/2024
CLAW

CLAW #24444017

Listed
$950,000
08/14/2024
CRMLS

CRMLS #CV24030689

Removed
$950,000

Schools & Community

Neighborhood: 

Pico-Union

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

$205,378
Asking price
$930,000
Closing costs (~8% of asking)
-$74,400
Est. remaining loan balance
-$650,222
Cash to seller
$205,378

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

Seller’s Loan History

Lender

Change Lending Llc

Loan start date

May 2022

Original loan amount

$680,000

Est. remaining balance

$650,222

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Marlyn Hernandez

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: 12/24/2024 at 5:40 AM

Listing updated: 12/04/2024 at 8:25 PM

Listed by: Dante Peter Tantiado, Nelson Shelton & Associates Phone #: (310) 271-2229

MLS: CLAW #24444017

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