tomo logo

$1,595,000

Beds
2
Baths
2.0
sq ft
2,140

1645 Vine St Unit 406, Los Angeles, CA 90028

1645 Vine St Unit 406

Los Angeles, CA 90028

  • 145 days on market
    • Price drop $300,000↓
*SIGNIFICANT PRICE ADJUSTMENT* The epitome of urban elegance in this distinguished 2-bedroom/2-bathroom corner unit at the famed Broadway Hollywood Lofts. Revel in fantastic views of Capitol Records, the Hollywood sign, and the Hollywood Hills, creating an exclusive haven for those in the entertainment industry or those with a penchant for refined urban living. Indulge in the luxury of the building's amenities, featuring a 24/7 doorman, valet, fabulous rooftop pool, gym, and more. Noteworthy is its qualification for the prestigious Mills Act, ensuring an incredible reduction in property taxes. The neighborhood, rich in diversity and charm, offers an eclectic array of conveniences. It promises a unique tapestry of experiences, from the subway to fine dining, elevating the vibrant ambiance. Whether envisioned as a primary residence or a sophisticated office space, this loft, spanning approximately 2140 sq. ft., boasts expansive windows, a kitchen island, in-unit laundry, hardwood floors, and soaring 11+ ft ceilings. Embrace an elevated lifestyle amidst iconic vistas and cultural richness. An exclusive invitation awaits to explore the allure of this dramatic loft.

Details

Property type

Est. home value

$1,753,987

Lot size

0.5167 acres

Price per sq ft

$746

Year built

1928

Monthly HOA fee

$2,470

Price History

02/27/2024
CLAW

CLAW #24356475

Price change
$1,595,000
-15.83%
02/09/2024
CLAW

CLAW #24356475

Listed
$1,895,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$1,049,080
Asking price
$1,595,000
Closing costs (~8% of asking)
-$127,600
Est. remaining loan balance
-$418,320
Cash to seller
$1,049,080

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

March 2013

Original loan amount

$568,000

Est. remaining balance

$418,320

Interest rate

3.38%

Loan type

New Conventional, 30 year

Seller

Peter A Varano and The Peter A Varano Trust

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 8:25 AM

Listing updated: 03/13/2024 at 10:41 AM

Listed by: Allie Joel Riley, Compass Phone #: (310) 652-6285

MLS: CLAW #24356475

CLAW logo

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