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$2,290,000

Beds
8
sq ft
5,910

1250 5th Ave, Los Angeles, CA 90019

1250 5th Ave

Los Angeles, CA 90019

  • 303 days on market
Beautiful remodeled all 4 unit which are condo quality. New hardwood flooring, New granite kitchen counter top, new kitchen cabinet. Highly desirable rental area in Hancock park area. Exceptionally large unit (each unit approx 1500sq) with formal dining area, inside laundry, ample closet space. Buyer is advises to independently verify accuracy of all information through personal inspection & W/appropriate professional. Drive by only Do not disturbed Tenants

Details

Property type

Est. home value

$2,492,226

Lot size

8,102 sq ft

Price per sq ft

$388

Year built

1916

HOA

No

Price History

02/27/2024
CLAW

CLAW #23231567

Removed
$2,349,000
+2.58%
02/27/2024
CLAW

CLAW #24362605

Listed
$2,290,000
-2.51%
11/30/2023
CLAW

CLAW #23231567

Listed
$2,349,000
+23.96%

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

$1,186,850
Asking price
$2,290,000
Closing costs (~8% of asking)
-$183,200
Est. remaining loan balance
-$919,950
Cash to seller
$1,186,850

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

June 2021

Original loan amount

$995,000

Est. remaining balance

$919,950

Interest rate

3.04%

Loan type

New Conventional, 30 year

Seller

Hi Baek Lee and Jeang Sug Lee

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: 12/27/2024 at 4:15 AM

Listing updated: 12/04/2024 at 4:50 PM

Listed by: Jae Sung Choi, Ivy Realty Co. Phone #: (213) 386-8888

MLS: CLAW #24362605

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