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$1,895,000

Beds
Unknown
sq ft
3,744

155 S Westmoreland Ave, Los Angeles, CA 90004

155 S Westmoreland Ave

Los Angeles, CA 90004

  • 178 days on market
    • Price drop $55,000↓
Fully stabilized 4-unit!! Seller financing available with 50% down, 5.5% interest rate. Pride of ownership, turnkey, generational asset in a prime location of Rampart Village. There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This meticulously maintained property with recently updated landscaping, electrical system, plumbing, sewer line, and roof repairs. Desirable unit mix of side-by-side 2 beds/1 bath units. All units to be delivered recently remodeled and at market rents. Located on a quiet, dead-end tree lined street in an excellent pocket of Los Angeles. Tons of period character throughout the property. Dense rental market with low vacancy and only 2 minutes from the freeway and 5 minutes to downtown LA. Great opportunity to buy a stabilized, generational asset in the heart of Los Angeles! Please drive by only, do not disturb tenants.

Details

Property type

Apartment

Est. home value

$2,113,968

Lot size

6,499 sq ft

Price per sq ft

$507

Year built

1937

Price History

06/20/2024
CRMLS

CRMLS #SB24060714

Price change
$1,895,000
-2.82%
05/08/2024
CRMLS

CRMLS #SB24060714

Price change
$1,950,000
-2.26%
03/27/2024
CRMLS

CRMLS #SB24060714

Listed
$1,995,000
+44.57%

Schools & Community

Neighborhood: 

Koreatown

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

$1,065,934
Asking price
$1,895,000
Closing costs (~8% of asking)
-$151,600
Est. remaining loan balance
-$677,466
Cash to seller
$1,065,934

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

Seller’s Loan History

Lender

First Mortgage Solutions Llc

Loan start date

July 2021

Original loan amount

$726,000

Est. remaining balance

$677,466

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Robert Katyal

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: 09/21/2024 at 3:50 AM

Listing updated: 09/18/2024 at 6:58 AM

Listed by: Malcolm Zeger, Buckingham Investments, Inc Phone #: (310) 982-7055

MLS: CRMLS #SB24060714

CRMLS logo

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