tomo logo

$425,000

Beds
1
Baths
1.0
sq ft
860

312 W 5th St Unit 507, Los Angeles, CA 90013

312 W 5th St Unit 507

Los Angeles, CA 90013

  • 8 days on market
Owner occupied buyers qualifies for 100% financing loan program! Beautiful high ceilinged loft located in DTLA! Downtown living with your own industrial style, that provides a serene sanctuary for your work from home lifestyle .The SB Lofts features huge, sunny windows; a semi-private interior-facing balcony; and recently restored sophisticated concrete floors while eliminating the harmful VOCs that most floors contain. The kitchen has modern-style cabinets, stainless steel appliances, granite counters. This unit has one of the best locations in the complex due to reduced noise levels, sunlit days, a balcony and year-round cool temperatures. Building amenities include workspace; living room; bonus space for yoga /studio /or a guest's day bed, etc; a large BA with stackable laundry and oversized tub. Low HOA of $310 / mo offers rooftop pool, spa, and gym. Low-cost parking available valet parking $250 and reserved parking for $300.

Details

Property type

Condominium

Est. home value

$405,283

Lot size

0.6266 acres

Price per sq ft

$495

Year built

1923

Monthly HOA fee

$310.62

Price History

06/21/2024
CRMLS

CRMLS #PF24124763

Listed
$425,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Street Lights, Sidewalks

High school district: 

Los Angeles Unified

Number of units in community: 

211

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

$68,977
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$322,023
Cash to seller
$68,977

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

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

January 2020

Original loan amount

$352,000

Est. remaining balance

$322,023

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

John Stanley Ritchey and Madeleine Portugal Ritchey

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: 06/29/2024 at 6:55 AM

Listing updated: 06/24/2024 at 7:08 PM

Listed by: Charlene Hoang, Redfin Corporation Phone #: (310) 409-2885

MLS: CRMLS #PF24124763

CRMLS logo

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