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$1,750,000

Beds
2
Baths
1.0
sq ft
882

1240 Greenacre Ave, West Hollywood, CA 90046

1240 Greenacre Ave

West Hollywood, CA 90046

  • 144 days on market
Hidden gem at the end of highly desirable Greenacre cul de sac, the only street of its kind in this area, lined with palm trees and entirely single family homes — except this cute California bungalow is the ONLY one with R2 zoning for up to 3 units PLUS 3 ADUs (6 units total!) and no FAR requirement minimizing the square footage on this site; it is also the largest lot on Greenacre, and the most private one on park-like grounds, thanks to its grandfathered setbacks! An exceptionally rare development opportunity but also wonderful to live in now (and even while building additional units in front)! A truly central location with a 92+ walk score (rated a “Walker’s Paradise”)! Less than a mile to Whole Foods, but only a short stroll down the block to Trader Joe's (right across the street!), coffee shops (including Starbucks), fitness studios, art galleries (one on each side of Greenacre’s entrance), Smart & Final, Ralphs (via driveway access to Fountain, which no one else on Greenacre has!), Harlowe, Jones, Formosa Cafe, Breakfast Republic, Target, Bevmo, Best Buy, BOTH Plummer Park and its tennis courts as well as Poinsettia Park Rec Center and its tennis courts, along with several bus stops on Santa Monica/Fountain/Fuller! Lovingly cared for, fully fenced, hardwood floors, and lots of natural light. ADA compliant stainless steel Bosch dishwasher, new stainless steel Frigidaire refrigerator, programmable fingerprint (or standard key) access for the front and side doors, light dimmers, garbage disposal, doggie door, front-loading washing machine and dryer in kitchen, movable charcoal grill with side burner in brick covered patio area. A/C and heat provided by new mini-split units in common area and primary bedroom. Garage converted to additional living space was most recently configured as a screening room with movable theater seating, digital projector, surround sound, and upgraded screen! City of WeHo permit parking plus 4-car tandem parking on long driveway with motorized gate and 5-camera Ring security system.

Details

Property type

Single Family Residence

Est. home value

$1,546,984

Property condition

Fixer

Lot size

6,441 sq ft

Price per sq ft

$1,985

Year built

1941

HOA

No

Price History

11/19/2024
CRMLS

CRMLS #OC24130958

Listed
$1,750,000
11/05/2024
CRMLS

CRMLS #OC24130958

Removed
$1,750,000
10/30/2024
CRMLS

CRMLS #OC24130958

Listed
$1,750,000

Schools & Community

Elementary school: 

Gardner

Middle school: 

Unknown

High school: 

Hollywood

Community features: 

Street Lights, Sidewalks, Park

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

$1,169,788
Asking price
$1,750,000
Closing costs (~8% of asking)
-$140,000
Est. remaining loan balance
-$440,212
Cash to seller
$1,169,788

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2013

Original loan amount

$600,000

Est. remaining balance

$440,212

Interest rate

3.52%

Loan type

New Conventional, 30 year

Seller

Andrew Jay Cohen and Crystal Li Cohen

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: 11/21/2024 at 10:45 PM

Listing updated: 11/19/2024 at 7:44 AM

Listed by: Mehdi Nouraei, Linour Group Phone #: (949) 338-1085

MLS: CRMLS #OC24130958

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