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$3,295,000

Beds
8
Baths
5.25
sq ft
6,140

140 S Avenue 59, Los Angeles, CA 90042

140 S Avenue 59

Los Angeles, CA 90042

  • 93 days on market
    • Open house Jul 06
First offering since 1993: Finis E. Yoakum House, 1915. Los Angeles Historic-Cultural Monument No. 287. Built for the founder of what came to be known as the Pisgah Home Historic District in Highland Park (on the National Register of Historic Places), Finis E. Yoakum provided faith healing and social services to the needy around 1900. His loyal followers repaid him by building a large Tudor style property to the south that would be used as his personal residence. In the 107 years since its completion, the Yoakum House is one of the largest landmarks in the neighborhood and miraculously has retained much of its original historic fabric. Formal entry, wainscoting, coffered ceilings, large pocket doors between rooms and two hand carved fireplaces can be found on the first floor. The residence includes: 8 bedrooms, 6 baths, formal dining, office/library with built-in bookshelves, breakfast room, wrap-around second story balcony, artist's wing, wine cellar, and a converted attic containing 2 bedrooms, 1 bath and a kitchenette. Sited on almost .5 acres, tranquil glimpses of the surrounding hillside provide an idyllic refuge in the heart of Northeast Los Angeles. The property is just 1 block from Figueroa where you can find many businesses housed in historic architecture, in addition to favorites such as Kitchen Mouse, Triple Beam Pizza, Hippo, and GGET Coffee.

Details

Property type

Single Family Residence

Est. home value

$2,953,314

Lot size

0.4073 acres

Price per sq ft

$537

Year built

1895

HOA

No

Price History

05/08/2024
CLAW

CLAW #24375491

Listed
$3,295,000
04/17/2024
CLAW

CLAW #24375491

Pending
$3,295,000
-10.46%
04/03/2024
CLAW

CLAW #23316673

Removed
$3,680,000
+11.68%

Schools & Community

Neighborhood: 

Highland Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

Chou Team Realty Inc

Loan start date

December 2019

Original loan amount

$726,525

Est. remaining balance

$662,266

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Thomas V Tung and Thomas V Tung Living Trust

Lender

East West Bank

Loan start date

May 2002

Original loan amount

$241,000

Est. remaining balance

Not provided

Interest rate

6.99%

Loan type

Credit Line (Revolving), 25 year

Seller

Thomas V Tung and Liza C Tung

Lender

First Nationwide Bk

Loan start date

August 1993

Original loan amount

$340,000

Est. remaining balance

$0

Interest rate

7.38%

Loan type

Not Provided, 30 year

Seller

Thomas V Tung and Liza C Tung

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: 07/05/2024 at 6:55 PM

Listing updated: 07/02/2024 at 8:53 AM

Listed by: Ilana Gafni, Crosby Doe Associates, Inc. Phone #: (310) 275-2222

MLS: CLAW #24375491

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