tomo logo

$950,000

Beds
Unknown
sq ft
2,448

2049 S Burnside Ave, Los Angeles, CA 90016

2049 S Burnside Ave

Los Angeles, CA 90016

  • 838 days on market
    • Price drop $75,000↓
Welcome to 2049 S Burnside Ave, situated in Mid-City and it features 3 Units that can produce you a substantial amount of rental income due to its location. The two front units are each 2 bedroom 1 Bath and the unit in the rear is a 1 Bedroom 1 Bath. Zoned Lard 1.5 making it developer friendly as well! It has a spacious driveway which is able to fit all tenants cars , it also has space to make a few car ports in the center of the property, and most importantly it’s less than a 10-20 min drive to DTLA, The Grove, and The Beverly Center. This is a perfect investment opportunity or development opportunity! TWO UNITS ARE CURRENTLY VACANT THOSE HAVE BEEN RECENTLY REMODELED. SELLER WILL BE GIVING NEW OWNER PERMITS FOR ADU. PERMITS ARE NOT FULLY COMPLETED NEW BUYER WILL NEED TO FINALIZE THEM. SELLER IS MOTIVATED TO GET THIS PROPERTY SOLD! BACK ON MARKET NO FAULT TO SELLER OR PROPERTY. BUYER DECIDED TO SWITCH JOBS 1 WEEK BEOFRE CLOSING! 7/17/24

Details

Property type

Est. home value

$448,325

Lot size

5,775 sq ft

Price per sq ft

$389

Year built

1923

Price History

07/17/2024
CRMLS

CRMLS #DW22120822

Listed
$950,000
05/07/2024
CRMLS

CRMLS #DW22120822

Pending
$950,000
04/22/2024
CRMLS

CRMLS #DW22120822

Listed
$950,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Suburban, Sidewalks

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

Washington Mutual Bank Fa

Loan start date

March 1999

Original loan amount

$75,000

Est. remaining balance

Not provided

Interest rate

4.35%

Loan type

Not Provided, 30 year

Seller

Stanley Okazaki

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: 09/21/2024 at 8:30 AM

Listing updated: 09/18/2024 at 12:41 PM

Listed by: Jeremy Sifuentes, Century 21 A Better Service Phone #: (562) 806-1000

MLS: CRMLS #DW22120822

CRMLS logo

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