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$1,700,000

Beds
5
Baths
2.5
sq ft
2,760

2914 Kenwood Ave, Los Angeles, CA 90007

2914 Kenwood Ave

Los Angeles, CA 90007

  • 127 days on market
SFR with high income, fully occupied with USC students with parental guarantees on leases, and currently collecting gross rents of $11,300/month, High income return 6.6%. The property is currently fully occupied with USC students with parental guarantees on leases. New school year 2024 - 2025 leases signed by USC students already! Highly demanding in the desirable USC DPS Safety Patrol Zone, and just blocks to USC (the University of Southern California) and USC Village...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LAR 3, Big back yard, Huge potential on redevelopment and/or expansion to more units and ADU. This property has many unique characters, huge enclosed front porch with security door, very solid structures and building materials, and has been so well maintained which you will see from details ! This is Newly upgraded / renovated - featuring brand new laminated floors, Newly painted fully interior & exterior, new bath rooms with New Tubs, Vanities, Toilets, Mirrors, Fixture and Fitting and Tiled Bath Surrounded, Updated kitchen with lots of cabinets, pantry and counter tops... The property is approximately 2760 s.f., 6618 s.f. lot, 8 bed, 8.5 bath, title shows 5 bed 2 bath, most are master bed rooms, living room, and on-site laundry room...This property has the grand wooden staircase, big frames, and more characters...has charming turn of the century details that you will adore. The 3rd floor leads you to another large space, which can be used as game room, additional living space, office, playroom, personal gym. There is also a basement which has big space for storage. As a bonus, this Property has a detached garage with a bathroom.

Details

Property type

Single Family Residence

Est. home value

$1,297,066

Lot size

6,618 sq ft

Price per sq ft

$616

Year built

1907

Price History

06/20/2024
CRMLS

CRMLS #AR24037781

Listed
$1,700,000
05/04/2024
CRMLS

CRMLS #AR24037781

Pending
$1,700,000
02/23/2024
CRMLS

CRMLS #AR24037781

Listed
$1,700,000
+51.11%

Schools & Community

Neighborhood: 

Adams-Normandie

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Los Angeles Unified

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

$1,545,022
Asking price
$1,700,000
Closing costs (~8% of asking)
-$136,000
Est. remaining loan balance
-$18,978
Cash to seller
$1,545,022

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

Seller’s Loan History

Lender

Brooksamerica Mtg

Loan start date

March 1999

Original loan amount

$60,000

Est. remaining balance

$18,978

Interest rate

6.78%

Loan type

Not Provided, 30 year

Seller

Mable Jones

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?

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2754 Kenwood Ave, Los Angeles, CA 90007

Status: Active

Tomo last checked: 06/29/2024 at 4:25 AM

Listing updated: 06/19/2024 at 8:33 PM

Listed by: Gina Ma, IRN Realty Phone #: (626) 447-5100

MLS: CRMLS #AR24037781

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