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$1,699,000

Beds
4
sq ft
4,874

1237 4th Ave, Los Angeles, CA 90019

1237 4th Ave

Los Angeles, CA 90019

  • 102 days on market
    • Price drop $100,000↓
Wonderful and well maintained four units in a nice neighborhood. Building has been remodeled with many upgrades in kitchens and bathrooms. Each unit is very spacious with an open floor plan. It has lots of parking spaces( more than 8) and each unit has a laundry hook-up. Great investment property in a good rental area. Showing with accepted offer only.The profile shows 4 beds + 2 baths, the actual using 8 Beds + 6 Baths. Buyer to verify permit. Do not disturb tenants!

Details

Property type

Est. home value

$1,438,339

Lot size

8,100 sq ft

Price per sq ft

$349

Year built

1922

HOA

No

Price History

07/03/2024
CLAW

CLAW #24399345

Price change
$1,699,000
-5.56%
06/10/2024
CLAW

CLAW #24399345

Listed
$1,799,000

Schools & Community

Neighborhood: 

Mid City

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

$1,004,632
Asking price
$1,699,000
Closing costs (~8% of asking)
-$135,920
Est. remaining loan balance
-$558,448
Cash to seller
$1,004,632

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

Seller’s Loan History

Lender

Nmsi Inc

Loan start date

April 2016

Original loan amount

$682,000

Est. remaining balance

$558,448

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Sang K Choe and Myung J 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: 09/20/2024 at 7:55 PM

Listing updated: 08/22/2024 at 12:24 PM

Listed by: Seong Kelly Chong, Dream Realty & Investments Inc Phone #: (213) 380-8949

MLS: CLAW #24399345

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