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$999,999

Beds
Unknown
sq ft
Unknown

2770 Marengo St, Los Angeles, CA 90033

2770 Marengo St

Los Angeles, CA 90033

  • 142 days on market
    • Price drop $50,001↓
PRICE REDUCED!!! Seller Very Motivated! Potential is the word to describe this 4 Unit Residential Income Property located in the outer limits East of Downtown Los Angeles off the 10 FWY. 3 Units are 1 bedroom 1 bathroom each and 1 unit is a 2-bedroom 1 bathroom...Did I mention it's on an 8,000 sqft lot? lots of land in the rear of the property, depending on city or appropriate agencies regarding the possibilities and options you might have.

Details

Property type

Apartment

Est. home value

$821,638

Lot size

7,995 sq ft

Price per sq ft

Unknown

Year built

1950

HOA

No

Price History

09/09/2024
CRMLS

CRMLS #DW24161449

Price change
$999,999
-4.76%
08/06/2024
CRMLS

CRMLS #DW24161449

Listed
$1,050,000
+25%
06/23/2022
CRMLS

CRMLS #320008266

Sold
$840,000
+86.67%

Schools & Community

Neighborhood: 

Boyle Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, 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

$314,135
Asking price
$999,999
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$605,864
Cash to seller
$314,135

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

May 2022

Original loan amount

$630,000

Est. remaining balance

$605,864

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Robert Parrilla and Analia Parrilla

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: 12/25/2024 at 5:30 PM

Listing updated: 12/04/2024 at 6:35 PM

Listed by: Miguel Franco, 24 Hour Real Estate Phone #: (562) 861-7257

MLS: CRMLS #DW24161449

CRMLS logo

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