tomo logo

$2,500,000

Beds
14
Baths
13.0
sq ft
5,788

1319 S Westmoreland Ave, Los Angeles, CA 90006

1319 S Westmoreland Ave

Los Angeles, CA 90006

  • 123 days on market
    • Price drop $150,000↓
The property consists of four units: two units in the front, each with 4 beds and 3 baths, and two units in the back, each with 3 beds and 3.5 baths. This brand new, highly upgraded 4-unit property is in turnkey condition, perfect for owner occupancy, investment, or 1031 exchange. It is located 1.2 miles from the LA Downtown Convention Center, 1.6 miles from USC, and just 0.6 miles from a variety of multinational food options and KFood, Kpop shopping within walking distance. Parking is available in the back, with each unit having 2 parking spots. Three units have garage parking, with two units having direct access to the garage. The property features laminated flooring, tile in the kitchen and bath, and the owner has paid off the solar, so you can enjoy lower costs in electricity. The units are painted with elegant custom colors and feature custom kitchens with granite countertops and modern cabinets. Each unit comes with an oven, refrigerator, window coverings, window screens, central AC, and heating.

Details

Property type

Own Your Own

Est. home value

$1,373,796

Lot size

6,761 sq ft

Price per sq ft

$432

Year built

2024

HOA

No

Price History

11/08/2024
CRMLS

CRMLS #OC24149080

Price change
$2,500,000
-5.66%
10/12/2024
CRMLS

CRMLS #OC24149080

Price change
$2,650,000
-5.19%
09/01/2024
CRMLS

CRMLS #OC24149080

Price change
$2,795,000
-3.62%

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Los Angeles Unified

Number of units in community: 

4

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

Tom J Thomas Charitable Remainder Trust

Loan start date

September 2023

Original loan amount

$1,750,000

Est. remaining balance

Not provided

Interest rate

6.9%

Loan type

Not Provided

Seller

Oceandevelopment Inc

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: 11/19/2024 at 2:30 PM

Listing updated: 11/08/2024 at 10:00 AM

Listed by: Julie Olsen, Olsen Realty Phone #: (949) 735-7094

MLS: CRMLS #OC24149080

CRMLS logo

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