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$1,195,000

Beds
Unknown
sq ft
2,485

2701 S Cloverdale Ave, Los Angeles, CA 90016

2701 S Cloverdale Ave

Los Angeles, CA 90016

  • 19 days on market
MOTIVATED SELLER! A TRIPLEX in a prime location with a solid rental market in the West Adams area. Close to restaurants and retail establishments. The seller has plans and permits for ADU garage conversion. Each apartment has its own address; the first is located at the corner of Cloverdale Ave and Westhaven Street and has 1 BE/ 1 BA, the second unit on Cloverdale Ave has 3 BE/ 1 BA, and the third is at Westhaven Street and has 1 BE/ 1 BA. Please do not disturb the tenants. SOLD AS IS.

Details

Property type

Apartment

Est. home value

$992,621

Lot size

4,801 sq ft

Price per sq ft

$481

Year built

1929

Price History

06/12/2024
CRMLS

CRMLS #PW24119650

Listed
$1,195,000
+20.1%
05/23/2024
CLAW

CLAW #23337874

Removed
$995,000
03/18/2024
CLAW

CLAW #23337874

Price change
$995,000
-16.74%

Schools & Community

Neighborhood: 

West Adams

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

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

$269,432
Asking price
$1,195,000
Closing costs (~8% of asking)
-$95,600
Est. remaining loan balance
-$829,968
Cash to seller
$269,432

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

Seller’s Loan History

Lender

Change Lending Llc

Loan start date

May 2022

Original loan amount

$860,000

Est. remaining balance

$829,968

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Samuel Kyun Kim

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: 07/01/2024 at 8:50 AM

Listing updated: 06/17/2024 at 2:03 PM

Listed by: Cecilia Montano Dimitropo, RE/MAX New Dimension Phone #: (714) 542-7475

MLS: CRMLS #PW24119650

CRMLS logo

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