tomo logo

$1,450,000

Beds
6
Baths
4.0
sq ft
2,393

1841 S 6th St, Alhambra, CA 91803

1841 S 6th St

Alhambra, CA 91803

  • 116 days on market
    • Price drop $50,000↓
Price Reduction!!! Call Now! Investment opportunity located in Alhambra! This investment property boasts 6 bedrooms, 4 bathrooms, and 2,393 SqFt of living space. The upstairs rental unit that is currently active on Air BnB and averages $1,875 per month. The downstairs studio is on Air BnB as well, averaging $1,350 per month. The main home has 5 bedrooms and 3 bathrooms. The home was split into 3 separate living areas, all with their own individual entrances. The first floor (main house), has 2 bedrooms, 1 bathroom, a living room, dining area, kitchen, breakfast and a laundry area. Behind the main house is an attached studio. The second level has 2 bedrooms and 1 bathroom. The detached (original), garage was converted into an ADU (under prior ownership), with 333-SqFt of living space, a kitchen area and 1 bathroom, it also has its own private entrance. The backyard features a concrete patio and a pool, ideal for spring and summer enjoyment and attracting potential tenants. The 2-car garage is behind the ADU, with the entrance towards alley. This property presents a promising investment opportunity.

Details

Property type

Single Family Residence

Est. home value

$1,245,408

Lot size

7,570 sq ft

Price per sq ft

$606

Year built

1927

Price History

10/14/2024
CRMLS

CRMLS #GD24154082

Price change
$1,450,000
-3.33%
07/29/2024
CRMLS

CRMLS #GD24154082

Listed
$1,500,000
+20%
04/11/2024
CRMLS

CRMLS #AR24063106

Removed
$1,250,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Suburban, Sidewalks

High school district: 

Alhambra

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

$789,948
Asking price
$1,450,000
Closing costs (~8% of asking)
-$116,000
Est. remaining loan balance
-$544,052
Cash to seller
$789,948

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

January 2021

Original loan amount

$596,000

Est. remaining balance

$544,052

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

James M Coulton and Huaqi Liu

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: 11/22/2024 at 2:55 PM

Listing updated: 10/14/2024 at 8:15 PM

Listed by: Anthony Camperi, John Hart Real Estate Phone #: (818) 246-1099

MLS: CRMLS #GD24154082

CRMLS logo

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