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$975,000

Beds
8
sq ft
3,224

233 W Century Blvd, Los Angeles, CA 90003

233 W Century Blvd

Los Angeles, CA 90003

  • 46 days on market
Amazing opportunity to acquire a well maintained four-unit building in South Los Angeles with significant upside in rents and additional value-add potential to add ADU's (buyer to verify). All four units are bread-and-butter two-bed, one-bath units. With long-term below-market rents and nearly 50% in upside to market potential (accessible in event of vacancy), this property presents a tremendous opportunity to reposition the building into better cash-flow and equity almost right away. With proximity to draws such as SoFi Stadium, and central to economic hubs in Downtown Los Angeles, Silicon Beach, and the South Bay, with all of Southern California accessible via nearby 110, 405, and 105 freeways, this Property presents an in-demand location that will command increasing rents for the foreseeable future. Additionally, this two-story building leaves much of the 4,419sf lot to parking, which can potentially be repurposed pursuant to SB1211 to maximize the income potential for a greater return on investment.

Details

Property type

Est. home value

$847,482

Lot size

4,419 sq ft

Price per sq ft

$303

Year built

1961

HOA

No

Price History

02/14/2025
CLAW

CLAW #25498713

Listed
$975,000
+14.71%
03/25/2022
CLAW

CLAW #21114103

Sold
$850,000
+73.47%
08/26/2016
CRMLS

CRMLS #DW16060936

Sold
$490,000

Schools & Community

Neighborhood: 

Southeast Los Angeles

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

$297,221
Asking price
$975,000
Closing costs (~8% of asking)
-$78,000
Est. remaining loan balance
-$599,779
Cash to seller
$297,221

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

March 2022

Original loan amount

$637,500

Est. remaining balance

$599,779

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Erica Alterwitz Meierhans and Christopher Francis Meierhans

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: 04/01/2025 at 7:55 PM

Listing updated: 02/22/2025 at 5:30 AM

Listed by: Vivian Chaing, Property Concierge Phone #: (310) 463-5181

MLS: CLAW #25498713

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