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$7,495,000

Beds
32
sq ft
17,841

2023 Preuss Rd, Los Angeles, CA 90034

2023 Preuss Rd

Los Angeles, CA 90034

  • 20 days on market
2023 & 2027 Preuss Road is a portfolio sale of two side-by-side multifamily properties featuring 18 units, with the potential to build 4 additional one-bedroom ADUs. 2027 Preuss APN: 4302-018-011. The complex is situated in the Beverlywood vicinity in West LA, surrounded by Beverly Hills, Cheviot Hills, and Culver City. The 2-level multifamily has upgraded interiors with AC, new wood floors, recessed lighting, a fully redone kitchen with stainless appliances, remodeled bathrooms, new windows, gated access, and a large common area for entertainment. Excellent unit mix 3+2, 2+2, 1+1 with balconies ranging from 750SF to 1050SF. Approved and permitted to build 4 attached one-bedroom ADUs. Well-maintained and managed property with low expenditure that doesn't require on-site management. The Preuss Road is a quiet street comprised of apartment buildings and single-family homes. Its prime location provides easy access to shopping, dining, entertainment, and many public transportation options for quality tenants who seek a convenient lifestyle.

Details

Property type

Est. home value

$3,955,119

Property condition

Updated/Remodeled

Lot size

0.3987 acres

Price per sq ft

$421

Year built

1963

HOA

No

Price History

06/11/2024
CLAW

CLAW #24401871

Listed
$7,495,000

Schools & Community

Neighborhood: 

Crestview

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

Pacific Western National Bank

Loan start date

December 2019

Original loan amount

$5,100,000

Est. remaining balance

Not provided

Interest rate

3.75%

Loan type

Building or Construction Loan, 30 year

Seller

Preuss Road Apartments Llc

Lender

Jpmorgan Chase Bank Na

Loan start date

September 2016

Original loan amount

$4,300,000

Est. remaining balance

Not provided

Interest rate

2.78%

Loan type

Commercial

Seller

Preuss Road Apartments Llc

Lender

Partners Capital Finance Inc

Loan start date

December 2015

Original loan amount

$1,100,000

Est. remaining balance

Not provided

Interest rate

3.76%

Loan type

Commercial

Seller

Preuss Road Apartments Llc

Lender

Jpmorgan Chase Bank Na

Loan start date

May 2014

Original loan amount

$3,450,000

Est. remaining balance

Not provided

Interest rate

3.02%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Preuss Road Apartments 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: 07/01/2024 at 7:30 AM

Listing updated: 06/19/2024 at 5:14 AM

Listed by: Eva Jacobs, Vista Sotheby's International Realty Phone #: (310) 546-7611

MLS: CLAW #24401871

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