tomo logo

$2,295,000

Beds
2
Baths
2.0
sq ft
Unknown

1900 Holmby Ave, Los Angeles, CA 90025

1900 Holmby Ave

Los Angeles, CA 90025

  • 65 days on market
Calling all developers and owner users! This property is a unique development opportunity to build six (6) for-sale condo units walking distance to the upscale Westfield Century City Mall. Positioned on a 5,638 sqft lot with RD1.5 zoning, this is a rare opportunity to add density in a highly desired westside neighborhood. Conveniently located adjacent to Westwood and Beverly Hills, the investment in and around the property is unparalleled, anchored with UCLA recently acquiring 700k sqft of the former Westside Pavilion to serve as their state-of-the-art research and innovation hub. The property benefits from a Transit Oriented Communities (TOC) Tier 2 designation that allows for an increase in density and height bonus. The existing house is currently vacant and consists of 2 bedrooms and 2 baths located in a highly regarded school district. Plans have been submitted to the city for Preliminary Zoning Assessment (PZA) from LADBS and TOC Tier Verification has been confirmed. Don't miss this opportunity!

Details

Property type

Single Family Residence

Est. home value

$2,106,317

Lot size

5,638 sq ft

Price per sq ft

Unknown

Year built

1937

HOA

No

Price History

04/24/2024
CLAW

CLAW #24366218

Listed
$2,295,000
+23.59%
02/28/2022
CLAW

CLAW #22119239

Sold
$1,857,000

Schools & Community

Neighborhood: 

West Los Angeles

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

$1,764,929
Asking price
$2,295,000
Closing costs (~8% of asking)
-$183,600
Est. remaining loan balance
-$346,471
Cash to seller
$1,764,929

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

July 2023

Original loan amount

$350,000

Est. remaining balance

$346,471

Interest rate

6.57%

Loan type

New Conventional, 30 year

Seller

Ehsan Karimian and Mona Mahmoodi

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: 06/29/2024 at 6:00 AM

Listing updated: 05/02/2024 at 5:21 AM

Listed by: Omid Shokoufandeh, SHK Realty Phone #: (310) 494-6045

MLS: CLAW #24366218

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