tomo logo

$720,000

Beds
4
sq ft
2,208

194 E 47th Pl, Los Angeles, CA 90011

194 E 47th Pl

Los Angeles, CA 90011

  • 32 days on market
First time buyer's HUGE advantage of Gov Grant available (Please contact for further info ) for this TRIPLEX in a good 90011 zip code location!!!! Biggest LOT SIZE of 7,155 SF, CORNER LOT !!!! Two units are spacious side by side 1bedroom 1bath each, also one separate a small Single Family Home like 2+1, laundry hook up on all units. A garage located in the middle of units can be easily converted into an ADU, make 4th unit to add value and more rental income. Please drive by or walk around and make an appointment to check inside of the units with qualification!! Occupy one unit and collect rental income from 2 other units to help out mortgage payments. Don't miss out this wonderful opportunity to own 3units from staring a new home, substantial down payment of Grant Funds !!!!!!Welcome developers and fixer upper investors as well. Call now !!!!!

Details

Property type

Est. home value

$647,942

Lot size

7,158 sq ft

Price per sq ft

$327

Year built

1923

HOA

No

Price History

02/27/2025
CLAW

CLAW #25504145

Listed
$720,000
+0.7%
09/14/2024
CRMLS

CRMLS #SB24144262

Removed
$715,000
07/19/2024
CRMLS

CRMLS #SB24144262

Price change
$715,000
-12.27%

Schools & Community

Neighborhood: 

Southeast 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

$395,658
Asking price
$720,000
Closing costs (~8% of asking)
-$57,600
Est. remaining loan balance
-$266,742
Cash to seller
$395,658

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

Seller’s Loan History

Lender

Mk Lending Corp

Loan start date

July 2021

Original loan amount

$290,000

Est. remaining balance

$266,742

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Jae Hwan Lee

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: 03/31/2025 at 7:40 AM

Listing updated: 03/07/2025 at 5:35 AM

Listed by: Connie Kim, WIN Realty & Properties Phone #: (213) 568-3460

MLS: CLAW #25504145

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