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$585,000

Beds
2
Baths
2.0
sq ft
900

2811 Francis Ave Unit 203, Los Angeles, CA 90005

2811 Francis Ave Unit 203

Los Angeles, CA 90005

  • 1 day on market
Prime K-Town location closed to DTLA. Enter into an open concept kitchen equipped with a stainless steel double door refrigerator, dishwasher, microwave, range, water purifier and recessed lighting. The primary bedroom with a full ensuite bathroom has plenty of room for a King size bed. The second bedroom is located way on the other side of the unit without a sharing wall. Well maintained unit with beautiful hardwood flooring, crown molding, decorative fireplace and balcony. Two tandem parking spaces are assigned, and 5 guest parking spaces are available. Washer and dryer in unit closet. Very quiet location. All city attractions, metro red line station, and within minutes of the prime areas of downtown LA. Enjoy all K-Town famous restaurants and convenient access to DTLA. Don't miss out this gem.

Details

Property type

Condominium

Est. home value

$586,170

Lot size

0.3104 acres

Price per sq ft

$650

Year built

2006

Monthly HOA fee

$300

Price History

03/19/2025
CLAW

CLAW #25514017

Listed
$585,000
+7.34%
09/28/2022
CRMLS

CRMLS #DW22174742

Sold
$545,000
+18.48%
07/28/2017
CLAW

CLAW #17220364

Sold
$460,000
+28.85%

Schools & Community

Neighborhood: 

Koreatown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$144,315
Asking price
$585,000
Closing costs (~8% of asking)
-$46,800
Est. remaining loan balance
-$393,885
Cash to seller
$144,315

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

Seller’s Loan History

Lender

Nfm Inc

Loan start date

September 2022

Original loan amount

$408,750

Est. remaining balance

$393,885

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Sung Min Lee

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: 03/20/2025 at 7:40 AM

Listing updated: 03/19/2025 at 6:50 PM

Listed by: Brian Yang, Propertylink Real Estate, Inc. Phone #: (213) 531-0123

MLS: CLAW #25514017

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