tomo logo

$1,099,990

Beds
4
sq ft
4,164

1619 Cimarron St, Los Angeles, CA 90019

1619 Cimarron St

Los Angeles, CA 90019

  • 26 days on market
Welcome to this exceptional investment opportunity in the heart of Arlington Heights. With the area's thriving rental market, this charming 4-plex boasts four 1-bedroom, 1-bathroom units, each spanning approximately 1000 square feet. Each expansive unit is equipped with hardwood floors throughout and laundry hookups for added convenience. Two of the units have been tastefully renovated within the past decade, the vacant unit is currently going through a renovation, while one unit remains in older condition. Situated on a pride of ownership street, this property is ideally located close to public transportation and a variety of restaurants, making it a highly desirable rental location. PLEASE DO NOT DISTURB TENANTS

Details

Property type

Est. home value

$1,139,854

Lot size

4,684 sq ft

Price per sq ft

$265

Year built

1920

HOA

No

Price History

03/05/2025
CLAW

CLAW #25507177

Listed
$1,099,990
-15.32%
08/01/2024
CLAW

CLAW #24352075

Removed
$1,299,000
06/27/2024
CLAW

CLAW #24352075

Price change
$1,299,000
-5.53%

Schools & Community

Neighborhood: 

Arlington Heights

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

$635,450
Asking price
$1,099,990
Closing costs (~8% of asking)
-$87,999
Est. remaining loan balance
-$376,541
Cash to seller
$635,450

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

Seller’s Loan History

Lender

Nova Financial & Investment Corp

Loan start date

March 2021

Original loan amount

$414,000

Est. remaining balance

$376,541

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Susan Kay Heller and Peter Mcgowan

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: 03/31/2025 at 7:25 AM

Listing updated: 03/13/2025 at 5:35 AM

Listed by: Anna Marie Simpliciano, Carolwood Estates Phone #: (310) 623-3600

MLS: CLAW #25507177

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