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$1,799,000

Beds
8
sq ft
6,755

2900 W 54th St, Los Angeles, CA 90043

2900 W 54th St

Los Angeles, CA 90043

  • 154 days on market
    • Price drop $200,000↓
Here's an exceptional opportunity to own a superb property in a highly sought-after location. This building not only boasts low-maintenance upkeep but also offers ease of management, making it an ideal investment choice. The majority of units feature distinctive high vaulted ceilings, enhancing their allure and appeal.This property includes three garages and seven carports, providing ample parking space for residents. With central water heating and separate utility metering, it offers added convenience and efficiency. Additionally, tenants benefit from a dedicated laundry room within the building.Bringing forth immense potential, this property is strategically situated in a central location. It comprises a diverse mix of units, including a spacious 3-bedroom, 1.5-bathroom unit, a comfortable 2-bedroom, 1-bathroom unit, four cozy 1-bedroom, 1-bathroom units, and three single units with 1 bathroom each.Conveniently adjacent to Leimert Park, residents enjoy easy access to public transportation, including trains and buses. Don't let this remarkable investment opportunity slip by!

Details

Property type

Lot size

0.2319 acres

Price per sq ft

$267

Year built

1956

HOA

No

Price History

09/20/2024
CLAW

CLAW #24381017

Price change
$1,799,000
-10.01%
09/10/2024
CLAW

CLAW #24381017

Price change
$1,999,000
-14.9%
04/19/2024
CLAW

CLAW #24381017

Listed
$2,349,000
-12.97%

Schools & Community

Neighborhood: 

Hyde Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Pacific Premier Bank

Loan start date

January 2021

Original loan amount

$1,100,000

Est. remaining balance

Not provided

Interest rate

2.71%

Loan type

Commercial

Seller

54Th Street Apartments 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: 09/21/2024 at 1:45 AM

Listing updated: 09/20/2024 at 12:39 PM

Listed by: Melissa Knight, The Hills Premier Realty

MLS: CLAW #24381017

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