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$2,780,000

Beds
14
sq ft
6,454

1943 Hancock St, Los Angeles, CA 90031

1943 Hancock St

Los Angeles, CA 90031

  • 3 days on market
Stunning new development near USC School of Medicine Campus, lake, parks, public transit and ground floor of the revitalization of the area. Modern 4-Plex + RTI for an ADU garage conversion (optional). Discover luxury and convenience in these beautifully Brand New Construction Townhouse Style Units boasting contemporary style living spaces, high ceilings and spacious, open-concept layouts. Property surrounded w/ 6ft concrete walls, gates and tall hedges for ultimate privacy and security. Ideal for modern families seeking upscale rental living and convenience to FWY and LA finest living near DTLA. All units are individually metered and offer custom black windows, abundance of natural light, solar panels, private balconies, private garages/ parking. The spacious kitchens come with carrera marble counters, shaker custom cabinetry & stainless steel appliances. Designer bathrooms all offer custom tile and glass shower enclosures. This Ideal multifamily gem is perfect for investors or owner-occupiers looking for immediate positive cash flow looking for both rental income and modern, high-end living. Key Features: *Brand New Construction: Built with high-quality materials and modern finishes, this property is move-in ready.*Modern Design: Sleek architectural lines, stylish interiors, and abundant natural light make every unit feel both elegant and comfortable.*Townhouse Units: All corner units with no one living above or below, and only one common wall*Spacious Living: With 4 bedrooms and 3 bathrooms per unit, these homes offer plenty of space for growing families or shared living arrangements.*Energy Efficient: Equipped with solar panels, energy efficient appliances, windows, and all units separately metered and drought tolerant landscaping on a drip system*Gated & Secured: with each unit having separate private garage parking.

Details

Property type

Est. home value

$783,899

Property condition

New Construction

Lot size

6,253 sq ft

Price per sq ft

$431

Year built

2024

HOA

No

Price History

09/13/2024
CLAW

CLAW #24438453

Listed
$2,780,000
+311.85%
03/05/2021
CRMLS

CRMLS #WS20241754

Sold
$675,000

Schools & Community

Neighborhood: 

Lincoln Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

October 2022

Original loan amount

$1,260,000

Est. remaining balance

Not provided

Interest rate

6.89%

Loan type

Building or Construction Loan, 30 year

Seller

1943 Hancock Llc

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: 09/19/2024 at 7:40 PM

Listing updated: 09/16/2024 at 11:01 PM

Listed by: Holland Ashrafnia, Christie's International Real Estate SoCal Phone #: (424) 249-7162

MLS: CLAW #24438453

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