tomo logo

$1,299,000

Beds
7
sq ft
2,986

1459 W 29th St, Los Angeles, CA 90007

1459 W 29th St

Los Angeles, CA 90007

  • 788 days on market
    • Price drop $401,000↓
Historic four unit property. Currently under the Mills Act. Large two-story front duplex and two separate detached houses in back. Alley access for parking. No sign on property. Do Not Disturb Occupants. Main two-story 4 bedroom unit is a USC Student rental. Seller to retain gas/mineral rights to property. Additional monthly income from laundry - washer/dryer. Mills Act compliance requires work to be done on all three structures. Front Duplex is rented to USC students. 4 bedroom ($3,100 month) and 1 bedroom ($1,508 month) are rented to USC students.

Details

Property type

Est. home value

$1,133,907

Lot size

7,487 sq ft

Price per sq ft

$436

Year built

1910

Price History

01/12/2024
CLAW

CLAW #22153561

Listed
$1,299,000

Schools & Community

Neighborhood: 

Adams-Normandie

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

$845,451
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$349,629
Cash to seller
$845,451

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

Seller’s Loan History

Lender

Capstone Lending Corp

Loan start date

July 2015

Original loan amount

$431,000

Est. remaining balance

$349,629

Interest rate

3.84%

Loan type

New Conventional, 30 year

Seller

Lending Yup Domingo and Kei A Teromoto

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: Active

Tomo last checked: 07/01/2024 at 8:50 AM

Listing updated: 02/16/2024 at 10:14 AM

Listed by: Jeffrey White, RE/MAX ESTATE PROPERTIES Phone #: (310) 559-5570

MLS: CLAW #22153561

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