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$638,060Estimated home value

Beds
3
Baths
2.25
sq ft
1,300

1414 W 54th St, Los Angeles, CA 90062

1414 W 54th St

Los Angeles, CA 90062

  • Sold On 4/22/2021
    • Price drop $25,000↓
Great cash revenue single family home in Los Angeles, close to DTLA, USC and the 110 freeway. This is a main house + ADU in the back. The home underwent a full remodel in 2018, and features 2 bedrooms and 2 bathrooms. The ADU was transformed this past year to a gorgeous fully rehabbed studio - Featuring a subway tile kitchen with butcher block countertops, and a subway tile bathroom with a clawfoot tub & shower combo. Property comes with a 1 car garage + a 1 car parking space behind gate, as well as a laundry room next to the garage. Parking is accessed on the side of house via an automatic gate, and the front of the property is gated as well. Keep both units rented as an investment property to add to, or start your investment portfolio.

Details

Property type

Single Family Residence

Est. home value

$638,060

Property condition

Updated/Remodeled

Lot size

4,096 sq ft

Price per sq ft

$424

Year built

1941

Price History

01/22/2025
CLAW

CLAW #24426047

Removed
$700,000
10/19/2024
CLAW

CLAW #24426047

Listed
$700,000
10/17/2024
CLAW

CLAW #24426047

Removed
$700,000

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

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

$220,190
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$285,810
Cash to seller
$220,190

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

$285,810

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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CRMLS
$799,000
3 bd
|
2.5 ba
|
1,407 sq ft
|
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7731 S Normandie Ave, Los Angeles, CA 90044

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CRMLS
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1112 W 76th St, Los Angeles, CA 90044

Status: Off Market

Tomo last checked: 01/22/2025 at 9:50 PM

Listing updated: 07/19/2024 at 2:29 PM

Listed by: Suzanne Wilson, eXp Realty of California Inc Phone #: (888) 584-9427

MLS: CRMLS #OC20220483

CRMLS logo

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