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$3,890,000

Beds
5
Baths
4.5
sq ft
3,516

1616 Queens Rd, Los Angeles, CA 90069

1616 Queens Rd

Los Angeles, CA 90069

  • 69 days on market
    • Price drop $200,000↓
Major price improvement! Situated on a huge 12,168sqft double lot with an extra flat pad. Welcome to your Hollywood Hills haven, perched majestically just above the iconic Sunset Strip. This exquisite property, reminiscent of the enchanting Spanish Mediterranean architecture of the 1920s, is a rare gem boasting a double lot, inviting you to embrace a lifestyle of luxury and possibility. Set against the backdrop of a picturesque neighborhood, this unique home offers more than just a residence it presents a canvas of opportunities. With the ample space available on an extra side flat pad, envision creating your own additional dwelling unit (ADU) for extended family, guests, or a serene workspace. Alternatively, let your imagination run wild and craft a pickleball or sport court for endless hours of recreational enjoyment. Having undergone a recent renovation, this residence stands as a testament to modern elegance. Gaze out from nearly every window to experience sweeping vistas that captivate the senses. The kitchen is a masterpiece in itself, adorned with top-of-the-line Wolf and Sub-Zero appliances that elevate culinary experiences. The expansive layout seamlessly blends indoor and outdoor living, perfect for hosting gatherings of any size. Step outside to discover a private oasis, complete with a shimmering pool and rejuvenating spa, creating an ambiance of resort-like luxury. Ascend to the viewing deck, a space where breathtaking sunsets and starlit nights become part of your daily routine. The convenience of a large driveway ensures that parking is not a concern for you or your guests, and the 2-car garage provides additional security and storage. For those seeking versatility, a full guest unit with a separate entrance stands ready to accommodate visitors or serve as a personal sanctuary for reflection and creation. Surrounded by lush, meticulously designed greenery, the property offers an embrace of serenity, allowing for moments of pure relaxation amidst the harmonious sounds of nature.Indulge in the convenience of this central location, mere moments away from the vibrancy of the Sunset Strip and its renowned entertainment, dining, and cultural offerings. This Hollywood Hills residence is more than just a home; it's an embodiment of aspirations, where the charm of the past meets the possibilities of the present. Welcome to your retreat in the heart of luxury, comfort, and tranquility.

Details

Property type

Single Family Residence

Est. home value

$4,344,521

Lot size

0.2793 acres

Price per sq ft

$1,107

Year built

1926

HOA

No

Price History

05/26/2024
CLAW

CLAW #24383919

Price change
$3,890,000
-4.89%
04/24/2024
CLAW

CLAW #24383919

Listed
$4,090,000

Schools & Community

Neighborhood: 

Hollywood Hills

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

$2,546,343
Asking price
$3,890,000
Closing costs (~8% of asking)
-$311,200
Est. remaining loan balance
-$1,032,457
Cash to seller
$2,546,343

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

October 2016

Original loan amount

$1,240,000

Est. remaining balance

$1,032,457

Interest rate

3.43%

Loan type

New Conventional, 30 year

Seller

Gainmoney Llc

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: 07/03/2024 at 7:55 AM

Listing updated: 06/28/2024 at 11:33 AM

Listed by: Angel Kou, The Agency Phone #: (424) 230-3700

MLS: CLAW #24383919

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