tomo logo

$299,000

Beds
Unknown
Baths
1.0
sq ft
610

312 W 5th St Unit 221, Los Angeles, CA 90013

312 W 5th St Unit 221

Los Angeles, CA 90013

  • 79 days on market
    • Price drop $1,000↓
Lowest priced loft in Downtown and rental uses are allowed! Approved for VA funding (per VA website on 8/6/2024, property id #005729). Start your investment or homeownership journey at the SB Grand in the heart of Downtown Los Angeles. Located next to the Pershing Square Metro station and blocks away from incredible amenities, this 2nd floor loft enjoys a rare private patio, high ceilings and move-in ready condition. Property records show 1 bedroom but this is a studio type loft. The HOA fees($280/month) are among the lowest in Downtown Los Angeles and the building offers amenities including a rooftop deck and pool, gymnasium, 24 hour security at the front desk and utilities including water, water heating and services. Airbnb/Short term rentals are allowed by HOA. Proximate to USC main campus and the new UCLA Downtown campus on Spring Street.Parking available in the building for a monthly fee.

Details

Property type

Condominium

Est. home value

$413,368

Lot size

0.6264 acres

Price per sq ft

$491

Year built

1923

Monthly HOA fee

$280

Price History

12/05/2024
CRMLS

CRMLS #P1-19525

Price change
$299,000
-0.33%
10/08/2024
CRMLS

CRMLS #P1-19525

Listed
$300,000
10/02/2024
CRMLS

CRMLS #P1-17484

Removed
$300,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$91,205
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$183,875
Cash to seller
$91,205

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

Seller’s Loan History

Lender

Cherry Creek Mortgage Co Inc

Loan start date

September 2013

Original loan amount

$240,750

Est. remaining balance

$183,875

Interest rate

4.31%

Loan type

New Conventional, 30 year

Seller

Jorge A Mettey and Bianca C Mettey

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 10:45 PM

Listing updated: 12/19/2024 at 10:58 PM

Listed by: Adam Bray-Ali, Coldwell Banker Realty Phone #: (626) 449-5222

MLS: CRMLS #P1-19525

CRMLS logo

Recently listed in Los Angeles