tomo logo

$1,499,000

Beds
4
sq ft
3,013

1241 3rd Ave, Los Angeles, CA 90019

1241 3rd Ave

Los Angeles, CA 90019

  • 84 days on market
    • Price drop $131,000↓
Duplex in quiet and convenient location. It is in HPOZ nearby County Club Dr. Easy to commute to Downtown LA and West LA. Good opportunity for owner use and investment. Huge lot 8,627sf. Kitchen and bathrooms are fully remodeled and upgraded both units. BBQ area in the private yard. Gated driveway, plenty of parking spaces in the back. 2 car garage with small storage attached. Two address for this property 1241 & 1243. Downstair unit with 3 bedrooms and 3 bathrooms , remodeled gourmet kitchen and big living room with fire place. Up stair unit with 3 bedroom 3 bathroom. Both units with laundry hook up. And huge storage room in the attic. Seller applied to city for ADU for 1 bed/1bath in the back. Please Do not disturb tenants. Please drive by only.

Details

Property type

Est. home value

$2,053,868

Property condition

Updated/Remodeled

Lot size

8,589 sq ft

Price per sq ft

$498

Year built

1910

HOA

No

Price History

08/13/2024
CLAW

CLAW #24409251

Price change
$1,499,000
-8.04%
06/27/2024
CLAW

CLAW #24409251

Listed
$1,630,000
+16.43%
09/07/2021
CLAW

CLAW #21734864

Sold
$1,400,000

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

$1,207,584
Asking price
$1,499,000
Closing costs (~8% of asking)
-$119,920
Est. remaining loan balance
-$171,496
Cash to seller
$1,207,584

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

Seller’s Loan History

Lender

Mk Lending Corp

Loan start date

December 2021

Original loan amount

$200,000

Est. remaining balance

$171,496

Interest rate

2.27%

Loan type

New Conventional, 16 year

Seller

Chung Ok Shin and Sammy Kyo 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 5:45 PM

Listing updated: 09/11/2024 at 12:19 PM

Listed by: Jenny Kang, Bee Investment, Inc. Phone #: (213) 380-8600

MLS: CLAW #24409251

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