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$2,500,000

Beds
5
sq ft
2,092

1139 S Kingsley Dr, Los Angeles, CA 90006

1139 S Kingsley Dr

Los Angeles, CA 90006

  • 68 days on market
DEVELOPMENT OPPORTUNITY SIDE BY SIDE PROPERTIES SOLD TOGETHER ONLY AS ONE SALE- Listing price is for both parcels $2,500,000. 1139 S. Kingsley Dr. APN# 5080-026-008 & 1145 S. Kingsley Dr. APN# 5080-026-009 - Approximately 11,800sq.ft. both parcels combined. R-3 ZONING TOC-TIER 2. Excellent location in a Developmental Project area. Can be developed into a Multi-Unit building. Located within the Koreatown redevelopment project area. Koreatown Galleria supermarket & retail stores in very close distance. Dense demographic neighborhood. Close proximity to Olympic Blvd & Western. BUILDING SIZE: 2,902 sq. ft. + 1,665 sq. ft. = 3,757 sq. ft. (combined). LAND SIZE: 5,900 sq. ft. + 5,902 sq. ft. = 11,802 sq. ft. (combined) LAND PRICE PER SF: $211 per sq. ft. ZONING: R3-1 TRANSIT ORIENT COMMUNITIES Tier 2. Most renters are currently on a monthly basis. 1139 S Kingsley Triplex: 3 Beds+2 Bath 2,092 sq. ft. / 1141 S Kinsley 1bed+ 1bath. / 1141 S Kingsley 1 Bed +1 Bath. 1145 S Kingsley Duplex: 2 Beds/ 1 Bath 1,665 sq. ft. / 1145 1/2 S Kingsley 1 Bed +1 Bath.Broker and Broker agents do not guarantee the accuracy of bed/bath count and square footage. Buyer is advised to independently verify the accuracy of all information, through their own research, personal inspection, building permits or with appropriate professionals. ALL OFFERS MUST BE SUBMITTED ON CAR FORM RIPA.Buyer to cooperate in a 1031 exchange at no cost at liability to buyer.Do not disturb occupants. No showings without accepted offer. Please do not call the seller as the property is listed!!!

Details

Property type

Lot size

5,902 sq ft

Price per sq ft

$1,196

Year built

1924

Price History

04/23/2024
CLAW

CLAW #24383521

Listed
$2,500,000

Schools & Community

Neighborhood: 

Harvard Heights

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

$2,056,801
Asking price
$2,500,000
Closing costs (~8% of asking)
-$200,000
Est. remaining loan balance
-$243,199
Cash to seller
$2,056,801

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

Seller’s Loan History

Lender

Secure One Capital Corp

Loan start date

August 2021

Original loan amount

$259,000

Est. remaining balance

$243,199

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Soo Woong Shin and Yeong Yee Shin

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: 07/01/2024 at 7:45 AM

Listing updated: 04/30/2024 at 5:21 AM

Listed by: Kyi Lee, KORUS Real Estate Phone #: (213) 251-9000

MLS: CLAW #24383521

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