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$3,245,000

Beds
3
Baths
3.5
sq ft
2,460

1850 Industrial St Unit 103, Los Angeles, CA 90021

1850 Industrial St Unit 103

Los Angeles, CA 90021

  • 379 days on market
    • Price drop $250,000↓
Completely renovated architectural 3-bed, 4-bath loft in the historic Biscuit Co Loft Building in the Arts District. Built in 1925 as Nabisco's West Coast headquarters and completely restored to blend period craftsmanship with modern conveniences to provide luxurious loft living. This approx. 2,460 SF unit spans 3 levels and features high ceilings, large windows, thoughtful finishes throughout, and Lutron domotic system. The main level offers an open concept living room that blends seamlessly to the kitchen and dining area with Bulthaup cabinetry and Miele appliances. Large glass doors open to a private patio and provide beautiful natural light to highlight the showstopping wooden art installation that flanks the stairway leading to a secondary living room and bedrooms. The spacious primary suite has a walk-in closet, and double-height windows with sliding doors that open to a private balcony with views of DTLA. This unit comes with 6 dedicated parking spaces. Building amenities include 24/7 concierge/security, a Zen Garden terrace, state-of-the-art fitness center, swimming pool, outdoor Viking BBQ and firepit. With historic charm and modern amenities, the Biscuit Lofts offer the best of both worlds. Perfectly situated in prime Arts District near Soho Warehouse and some of the best dining in DTLA.

Details

Property type

Condominium

Est. home value

$3,402,638

Lot size

0.7261 acres

Price per sq ft

$1,320

Year built

1925

Monthly HOA fee

$1,147.7

Price History

02/20/2024
CLAW

CLAW #23322641

Price change
$3,245,000
-7.15%
10/28/2023
CLAW

CLAW #23322641

Listed
$3,495,000
+42.72%
10/27/2017
CLAW

CLAW #17264546

Sold
$2,448,888

Schools & Community

Neighborhood: 

Central City East

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

$2,811,482
Asking price
$3,245,000
Closing costs (~8% of asking)
-$259,600
Est. remaining loan balance
-$173,918
Cash to seller
$2,811,482

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

June 2022

Original loan amount

$180,000

Est. remaining balance

$173,918

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Heekyung Christina Kang

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: 11/03/2024 at 4:25 AM

Listing updated: 09/30/2024 at 11:50 AM

Listed by: Mick Partridge, The Beverly Hills Estates Phone #: (310) 626-4248

MLS: CLAW #23322641

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