tomo logo

$575,000

Beds
2
Baths
1.75
sq ft
800

2412 Medford St, Los Angeles, CA 90033

2412 Medford St

Los Angeles, CA 90033

  • 11 days on market
This 2-bed, 2-bath home offers 800 square feet of potential in the heart of East Los Angeles, just around the corner from the USC Health Sciences Campus & Keck Hospital. Ideal for investors or homeowners looking to customize the home to their needs, this property is a true diamond in the rough. Enter through the front door and into the open living space, which connects to the kitchen with a peninsula counter, and a door accessing the yard. Both bedrooms have ensuite bathrooms - one full and one 3/4. The property features ample patio space, perfect for entertaining or simply enjoying the Southern California sunshine. The yard is adorned with a variety of fruit trees, offering a lush and fruitful retreat right outside your door. The neighborhood boasts a variety of parks perfect for outdoor activities, and close proximity to transportation options that make commuting a breeze. This is the perfect canvas for your vision and, with a little TLC, this property is ready to be transformed!

Details

Property type

Single Family Residence

Est. home value

$760,995

Lot size

5,003 sq ft

Price per sq ft

$719

Year built

1922

Price History

06/20/2024
CRMLS

CRMLS #P1-18161

Listed
$575,000

Schools & Community

Neighborhood: 

El Sereno

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

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

$373,217
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$155,783
Cash to seller
$373,217

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

Seller’s Loan History

Lender

Ocmbc Inc

Loan start date

September 2022

Original loan amount

$160,000

Est. remaining balance

$155,783

Interest rate

4.99%

Loan type

New Conventional, 30 year

Seller

Carlos A Saracay and Ana D Saracay

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?

Similar Homes Nearby

CRMLS
$549,900
2 bd
|
1 ba
|
637 sq ft
|
House

3747 E 5th St, Los Angeles, CA 90063

CRMLS
$525,000
2 bd
|
1 ba
|
667 sq ft
|
House

837 N Sydney Dr, Los Angeles, CA 90022

Price drop
CRMLS
$539,000
2 bd
|
1 ba
|
700 sq ft
|
House

818 Record Ave, Los Angeles, CA 90063

Status: Active

Tomo last checked: 07/01/2024 at 8:15 AM

Listing updated: 06/21/2024 at 5:13 AM

Listed by: David Knight, Keller Williams DTLA Phone #: (213) 797-7000

MLS: CRMLS #P1-18161

CRMLS logo

Recently listed in Los Angeles