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$2,995,000

Beds
8
Baths
5.25
sq ft
6,232

140 S Avenue 59, Los Angeles, CA 90042

140 S Avenue 59

Los Angeles, CA 90042

  • 71 days on market
    • Open house Dec 22
Anchoring the Highland Park neighborhood since built in 1915, the grand and Historic Finis E. Yoakum House offers the luxury of both space and privacy. The property uniquely affords multiple lifestyle options and whose importance was recognized early as City of Los Angeles Cultural Monument #287. Three stories of living space incorporate a spacious two-story entry that opens to Gatsbyesque living and dining rooms magnificently detailed in the Tudor/Craftsman Style. Eight bedrooms, and six baths, provide privacy and enough space for a large family, multi-generational living, a private foundation, or museum. A thorough renovation in 2018 included an updated kitchen, 2 baths, and many systems. A rare full basement measuring 2625 square feet with both indoor and outdoor entries, afford the potential development of a home theatre, music studio, workshops, or at a minimum, a small warehouse worth of storage space. Additional amenities include an office, library, breakfast room, spacious kitchen, laundry, living and sleeping porches on two floors, generous grounds, and detached garage. The property is sited on .40 acres with a park-like front lawn, two entry gates and guest parking for multiple cars. Not only is the property well-suited for entertaining, its location is just one block from Figueroa, and walking distance to some of the best shops and nightlife Highland Park has to offer.

Details

Property type

Single Family Residence

Est. home value

$2,953,314

Lot size

0.4073 acres

Price per sq ft

$481

Year built

1895

HOA

No

Price History

10/11/2024
CLAW

CLAW #24448225

Listed
$2,995,000
-9.1%
10/01/2024
CLAW

CLAW #24375491

Removed
$3,295,000
05/08/2024
CLAW

CLAW #24375491

Listed
$3,295,000

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

$654,434

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: 12/22/2024 at 3:45 AM

Listing updated: 12/18/2024 at 9:55 PM

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

MLS: CLAW #24448225

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