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$899,000

Beds
5
Baths
5.0
sq ft
1,384

1286 W 39th Pl, Los Angeles, CA 90037

1286 W 39th Pl

Los Angeles, CA 90037

  • 53 days on market
Welcome to 1286 W. 39th Place, a beautifully renovated 5-bedroom + 5-bathroom home, perfectly positioned within close proximity to USC and USC Village. This property offers an exceptional investment opportunity with five spacious ensuite bedrooms, each equipped with its own private bathroom, ensuring comfort and convenience for tenants. Over the past five years, this home has been a highly sought-after rental for USC students. Current market rates would allow a savvy investor to rent each bedroom for $1,500/month, for a gross scheduled income of $7,500/month or $90,000/year. The 1,400 square feet of rentable space on a 2,117 square foot lot offers a prime blend of privacy and community living.The property has been meticulously updated to meet modern standards, featuring elegant hardwood floors, sleek stainless steel appliances, and luxurious quartz countertops. The kitchen and bathrooms have been thoughtfully upgraded with contemporary fixtures, including tiled showers with stylish glass enclosures. For added convenience, an in-unit washer and dryer make laundry a breeze. Outdoor spaces include a charming front porch and a spacious, gated backyard/patio area, which offers versatility as a parking area or a private outdoor retreat. The home also features a versatile tiled partial basement, complete with finished walls, lighting, and electricity--perfect for storage or use as a wine cellar. Recent upgrades to the property include a brand-new roof, copper and galvanized plumbing, as well as all-new electrical systems. The property will be delivered fully vacant upon the close of escrow. Don't miss out on this turn-key opportunity to expand your investment portfolio in one of LA's most sought-after rental markets!

Details

Property type

Single Family Residence

Est. home value

$936,257

Lot size

2,117 sq ft

Price per sq ft

$650

Year built

1921

HOA

No

Price History

08/27/2024
CLAW

CLAW #24429085

Removed
$899,000
08/27/2024
CLAW

CLAW #24432209

Listed
$899,000
08/16/2024
CLAW

CLAW #24429085

Listed
$899,000
-1.75%

Schools & Community

Neighborhood: 

South Los Angeles

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

$390,253
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$436,827
Cash to seller
$390,253

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

January 2022

Original loan amount

$462,750

Est. remaining balance

$436,827

Interest rate

3.12%

Loan type

New Conventional, 30 year

Seller

Adalon Chen and Keenan M Hall

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 5:40 PM

Listing updated: 09/30/2024 at 11:09 PM

Listed by: Zachary Tucker, Coldwell Banker Realty Phone #: (310) 777-6200

MLS: CLAW #24432209

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