tomo logo

$499,000

Beds
2
Baths
1.0
sq ft
859

1425 W 12th St Unit 262, Los Angeles, CA 90015

1425 W 12th St Unit 262

Los Angeles, CA 90015

  • Pending
Welcome to this turnkey end-unit condo located on the top floor of a gated community in the heart of Los Angeles. All updates were done last year, this home is ideal for young couples or professionals starting out. The open floor plan includes a living room with vaulted ceilings, a formal dining room, and a modernized kitchen with newer stainless steel appliances and quartz countertops. A sliding glass door leads to a spacious private balcony with a courtyard view. The condo features two generously sized bedrooms, with the primary bedroom offering a large walk-in closet and direct access to a stylishly remodeled bathroom. Additionally, there's a loft area that can be used as an office, a cozy reading nook, or an extra bedroom. The unit also comes with in-unit laundry hookups and two tandem parking spots in a secure subterranean garage. The community amenities include a pool and spa, BBQ areas, grassy lawns, and an extra community laundry room. HOA dues cover water, trash, and on-site maintenance. Conveniently located in Downtown LA, this condo combines comfort and convenience in an ideal location.

Details

Property type

Condominium

Est. home value

$513,432

Lot size

3.3834 acres

Price per sq ft

$581

Year built

1983

Monthly HOA fee

$462

Price History

06/27/2024
CRMLS

CRMLS #PF24128079

Pending
$499,000
06/24/2024
CRMLS

CRMLS #PF24128079

Listed
$499,000
-7.59%
06/12/2024
CRMLS

CRMLS #SR24088557

Removed
$540,000

Schools & Community

Neighborhood: 

Pico-Union

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park, Street Lights

High school district: 

Los Angeles Unified

Number of units in community: 

180

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

$47,864
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$411,216
Cash to seller
$47,864

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

Seller’s Loan History

Lender

Citadel Servicing Corporation

Loan start date

June 2023

Original loan amount

$416,000

Est. remaining balance

$411,216

Interest rate

6.35%

Loan type

New Conventional, 30 year

Seller

Olanike Ojekunle

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?

Status: Pending/Under Contract

Tomo last checked: 06/29/2024 at 5:40 AM

Listing updated: 06/27/2024 at 2:53 PM

Listed by: Jessica Wychico, Phone #: (626) 803-2000

MLS: CRMLS #PF24128079

CRMLS logo

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