tomo logo

$1,850,000

Beds
10
sq ft
2,845

1955 Bonsallo Ave, Los Angeles, CA 90007

1955 Bonsallo Ave

Los Angeles, CA 90007

  • 69 days on market
    • Price drop $100,000↓
Don't miss this incredible opportunity to own a high-income property near the University of Southern California. With a cap rate of over 6%, this property is perfect for investors looking for strong rental income or an ideal owner-occupied option. All units are currently vacant, giving you full control over tenants and the opportunity to set rental rates to current market value. The property is just steps away from USC's campus, a variety of restaurants, shops, and vibrant Downtown LA, ensuring high demand from students, faculty, and professionals alike. One of the units is newly constructed, offering modern amenities and a fresh design, making it even more attractive for tenants. The property is located on DPS Patrol Zone.

Details

Property type

Est. home value

$1,391,099

Lot size

6,210 sq ft

Price per sq ft

$651

Year built

1887

HOA

No

Price History

12/05/2024
CLAW

CLAW #24455907

Price change
$1,850,000
-5.13%
10/22/2024
CLAW

CLAW #24455907

Listed
$1,950,000
+75.68%
11/23/2021
CRMLS

CRMLS #SR21227122

Sold
$1,110,000
+85%

Schools & Community

Neighborhood: 

University Park

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

$979,081
Asking price
$1,850,000
Closing costs (~8% of asking)
-$148,000
Est. remaining loan balance
-$722,919
Cash to seller
$979,081

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

Seller’s Loan History

Lender

Nexera Holding Llc

Loan start date

October 2021

Original loan amount

$777,000

Est. remaining balance

$722,919

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Albert B Bitong and Milagros A Bitong

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: 12/31/2024 at 1:10 AM

Listing updated: 12/04/2024 at 9:25 PM

Listed by: Andrianna Chakava, Coldwell Banker Realty Phone #: (310) 777-6200

MLS: CLAW #24455907

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