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$975,000

Beds
9
sq ft
3,417

1259 Vin Scully Ave, Los Angeles, CA 90026

1259 Vin Scully Ave

Los Angeles, CA 90026

  • 55 days on market
We are pleased to offer for sale a five-unit apartment building located at 1259 Vin Scully Avenue in Los Angeles, CA. The subject property is located just north of Sunset Boulevard within the desirable Echo Park submarket. Over the past decade, Echo Park has become one of the most desirable neighborhoods in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A. Situated on a 6,758 square foot parcel, the property comprises of two one-bedroom units, two two-bedroom units, and one three-bedroom unit. The property's irreplaceable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1259 Vin Scully Avenue an excellent acquisition opportunity for investors.

Details

Property type

Est. home value

$1,269,106

Lot size

6,758 sq ft

Price per sq ft

$286

Year built

1922

HOA

No

Price History

05/07/2024
CLAW

CLAW #24389066

Listed
$975,000
-22%
04/27/2022
CRMLS

CRMLS #RS21256345

Sold
$1,250,000

Schools & Community

Neighborhood: 

Echo Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First General Bank

Loan start date

February 2022

Original loan amount

$875,000

Est. remaining balance

Not provided

Interest rate

3.11%

Loan type

Commercial

Seller

Lilac Development Llc

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 8:45 AM

Listing updated: 05/15/2024 at 5:18 AM

Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500

MLS: CLAW #24389066

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