tomo logo

$1,282,153Estimated home value

Beds
3
Baths
1.75
sq ft
1,008

1627 Lake Shore Ave, Los Angeles, CA 90026

1627 Lake Shore Ave

Los Angeles, CA 90026

  • Sold On 8/27/2024
Light fixer in a hip Echo Park location just over the hill where the movie industry was started in Edendale. Edendale was known as the home of most major studios on the West Coast in the opening decades of the 20th century. This excellent value-add opportunity has Ready To Issue (RTI) plans for a 2 story ADU with a roof top deck. Plans can also be corrected for a smaller scale ADU if necessary. This charming home with a enjoyable fenced yard has hardwood floors through out and a recently renovated bathroom with new tile and a beautiful stand alone tub. Living room with fireplace is welcoming and spacious. The kitchen is bright and airy and has newer appliances. The third bedroom does not currently have a closet, but one could easily be added. There is a second bathroom and laundry room with out permits. Converted garage/ casita is also non-permitted. Easy to Show!

Details

Property type

Single Family Residence

Est. home value

$1,282,153

Property condition

Fixer

Lot size

5,960 sq ft

Price per sq ft

$1,191

Year built

1940

HOA

No

Price History

08/27/2024
CLAW

CLAW #24410141

Sold
$1,120,000
-6.67%
08/08/2024
CLAW

CLAW #24410141

Pending
$1,199,999
07/01/2024
CLAW

CLAW #24410141

Listed
$1,199,999

Schools & Community

Neighborhood: 

Echo Park

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

$590,823
Asking price
$1,199,999
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$513,176
Cash to seller
$590,823

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

October 2021

Original loan amount

$548,250

Est. remaining balance

$513,176

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Angela M Villanueva

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?

Similar Homes Nearby

CLAW
$1,298,000
3 bd
|
1.5 ba
|
1,405 sq ft
|
House

3311 Larissa Dr, Los Angeles, CA 90026

CRMLS
$1,299,900
3 bd
|
2 ba
|
1,730 sq ft
|
House

630 N Westmoreland Ave, Los Angeles, CA 90004

CRMLS
$1,139,000
3 bd
|
2 ba
|
1,224 sq ft
|
House

347 N Rampart Blvd, Los Angeles, CA 90026

Status: Off Market

Tomo last checked: 10/05/2024 at 10:35 PM

Listing updated: 10/05/2024 at 5:03 AM

Listed by: Robert Villanueva, RE/MAX ESTATE PROPERTIES Phone #: (310) 205-0050

MLS: CLAW #24410141

CLAW logo

Recently listed in Los Angeles