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$700,000

Beds
3
Baths
3.0
sq ft
1,300

1414 W 54th St, Los Angeles, CA 90062

1414 W 54th St

Los Angeles, CA 90062

  • 94 days on market
Perfect starter property with permitted ADU for great cash flow. 1414 W. 54th Street is an amazing investment opportunity just south of USC and DTLA, with easy access to the 110 freeway. The fully gated property is comprised of 2 buildings, the main house is a 2 Bed/2Bath (owner occupied) with beautiful wood floors, granite countertops and refreshed bathrooms. Detached is a permitted ADU studio (currently bringing in $3,000-$3,500 per month) featuring a beautiful subway tile kitchen with butcher block countertops, subway tile bathroom with a clawfoot tub & shower combo, and a front grass area ideal for lounging. There is also a detached garage (3rd structure) with laundry room that can be turned into a Jr. ADU, if new owner wishes to add to the property.

Details

Property type

Single Family Residence

Est. home value

$638,060

Lot size

4,096 sq ft

Price per sq ft

$539

Year built

1941

HOA

No

Price History

10/19/2024
CLAW

CLAW #24426047

Listed
$700,000
10/17/2024
CLAW

CLAW #24426047

Removed
$700,000
08/09/2024
CLAW

CLAW #24426047

Listed
$700,000
+20.69%

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

$357,256
Asking price
$700,000
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$286,744
Cash to seller
$357,256

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

Seller’s Loan History

Lender

Champions Funding Llc

Loan start date

May 2022

Original loan amount

$300,000

Est. remaining balance

$286,744

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Caroline Okobi Ayodele

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: 11/12/2024 at 2:35 PM

Listing updated: 10/18/2024 at 8:50 PM

Listed by: Steven Ghafouri, SaraVita Properties Inc Phone #: (310) 475-5779

MLS: CLAW #24426047

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