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$1,600,000

Beds
Unknown
sq ft
5,920

229 S Catalina St, Los Angeles, CA 90004

229 S Catalina St

Los Angeles, CA 90004

  • 141 days on market
Presenting an outstanding income-producing investment opportunity in Los Angeles, this multi-unit apartment building captures the look and feel of early LA. Each residence is highlighted by two bedrooms and one bath, with all four combining to offer a grand total of approximately 5,920 square feet. Built in 1923, the property displays Spanish-inspired architecture characterized by barrel-tile roof detail and arched windows. The lot spans nearly 7,904 square feet and includes a large, fenced front yard. From its location on South Catalina Street, residents of the building can easily reach downtown LA, Koreatown’s shops and restaurants, Wilshire Boulevard and the 101 Freeway. Vons and Ralphs supermarkets are just down the street, and a community park features tennis courts.

Details

Property type

Mixed Use

Est. home value

$2,227,327

Lot size

7,904 sq ft

Price per sq ft

$271

Year built

1923

Price History

05/03/2024
CRMLS

CRMLS #OC24089402

Listed
$1,600,000
-11.11%
01/19/2024
CRMLS

CRMLS #OC23142121

Removed
$1,800,000
09/18/2023
CRMLS

CRMLS #OC23142121

Listed
$1,800,000

Schools & Community

Neighborhood: 

Koreatown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

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

$1,009,289
Asking price
$1,600,000
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$462,711
Cash to seller
$1,009,289

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

Seller’s Loan History

Lender

Paramount Residential Mortgage Group Inc

Loan start date

August 2012

Original loan amount

$642,000

Est. remaining balance

$462,711

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Adrain L Scotto and Neil D Walker

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 1:35 AM

Listing updated: 08/13/2024 at 12:47 PM

Listed by: Keven Stirdivant, KASE Real Estate, Inc. Phone #: (949) 200-9818

MLS: CRMLS #OC24089402

CRMLS logo

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