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$1,998,000

Beds
Unknown
sq ft
6,570

2472 N Eastern Ave, Los Angeles, CA 90032

2472 N Eastern Ave

Los Angeles, CA 90032

  • 49 days on market
Situated in the heart of El Sereno, this property benefits from its proximity to major transportation routes, shopping centers, schools, and recreational facilities. Residents enjoy easy access to all the amenities the city has to offer. This investment opportunity comprises seven units spread across two separate buildings. The majority of these units are single-story, consisting of one large 3-bedroom and 1-bathroom unit, along with six spacious 2-bedroom and 1-bathroom units, averaging 938 square feet per unit. Nestled on a sprawling lot of 20,000+ square feet, tenants also enjoy individual garage parking as well as onsite parking. Rents are are substantially below market providing a value add opportunity for an astute investor operator.

Details

Property type

Apartment

Est. home value

$1,744,019

Lot size

0.4612 acres

Price per sq ft

$305

Year built

1949

Price History

05/15/2024
CRMLS

CRMLS #CV24097715

Listed
$1,998,000
+11%
04/15/2022
CRMLS

CRMLS #WS22033987

Sold
$1,800,000

Schools & Community

Neighborhood: 

El Sereno

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

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

Dryden Inevestment Fund

Loan start date

April 2022

Original loan amount

$1,350,000

Est. remaining balance

Not provided

Interest rate

3.92%

Loan type

Commercial

Seller

Friend N Buddy Group 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: 07/02/2024 at 10:10 PM

Listing updated: 05/25/2024 at 9:00 PM

Listed by: Ken Lau, HAUS OF REAL ESTATE Phone #: (909) 843-0467

MLS: CRMLS #CV24097715

CRMLS logo

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