tomo logo

$1,125,000

Beds
5
Baths
3.5
sq ft
2,060

1283 W 22nd St, Los Angeles, CA 90007

1283 W 22nd St

Los Angeles, CA 90007

  • 4 days on market
    • Open house Oct 20
Discover this beautifully restored Victorian gem, seamlessly blending original character with modern designer updates for today's lifestyle. This fully renovated 5 bedroom + 3.5 bathroom is ready to move in for any home buyers looking to move into the fast-growing area as well as having the dual potential to achieve incredible rents as a USC Student Housing Investment Opportunity. Located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC), the home has been lovingly restored over the years, including the foundation, roof, new electrical, new HVAC systems, plumbing, stainless steel kitchen appliances, on-site washer & dryer, brand new bathroom renovations including tiled showers with glass enclosures, and much more. The kitchen is a chef's dream, featuring Carrera marble countertops, a prep island, stainless steel appliances, and a custom built-in pantry. Step through the back door to a lovely wood deck overlooking a thoughtfully landscaped yard with large planters, trees, and garden areas. The bedrooms in the property are spacious, ensuring comfort and a welcoming atmosphere for any future resident. The home will be delivered vacant, giving any buyer the opportunity to generate rental income instantly. In addition, there's an excellent value-add opportunity to construct and ADU, and further increase cash flow for an owner-user or investor (Buyer to Verify). This is a rapidly growing neighborhood, a true community located in the heart of the USC ecosystem and is minutes away from campus as well as the USC Village, Trader Joe's, City Target and lots of great amenities and restaurants.

Details

Property type

Single Family Residence

Est. home value

$1,286,334

Lot size

4,922 sq ft

Price per sq ft

$547

Year built

1903

HOA

No

Price History

10/14/2024
CLAW

CLAW #24452529

Listed
$1,125,000
+8.17%
06/01/2022
CRMLS

CRMLS #P1-9195

Sold
$1,040,000
+6.05%
03/31/2021
CLAW

CLAW #21698366

Sold
$980,665

Schools & Community

Neighborhood: 

University Park

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

$288,258
Asking price
$1,125,000
Closing costs (~8% of asking)
-$90,000
Est. remaining loan balance
-$746,742
Cash to seller
$288,258

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

Seller’s Loan History

Lender

Equity Smart Home Loans Inc

Loan start date

May 2022

Original loan amount

$780,000

Est. remaining balance

$746,742

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Nozomi Yagi and Emilio Ferrara

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?

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Status: Active

Tomo last checked: 10/19/2024 at 1:05 PM

Listing updated: 10/15/2024 at 11:46 AM

Listed by: Adam Shamooelian, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24452529

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