tomo logo

$625,000

Beds
2
Baths
1.0
sq ft
1,010

315 E 8th St Unit 302, Los Angeles, CA 90014

315 E 8th St Unit 302

Los Angeles, CA 90014

  • 13 days on market
Welcome to a historic and architectural corner loft. With only 1 shared wall, the airy and sunbathed New York-style loft boasts an open floor plan with a separate bedroom area. The loft features 6 original steel-framed arched casement windows, tall gallery walls and cement floors. The kitchen is modern and spacious. A large bathroom with a soaking tub and washer/dryer combo. Bonus! A custom built closet that runs full length for plenty of storage space. As part of the unique urban community of Santee Village, amenities to complement your lifestyle, whether you wish to unwind or entertain, include the following: Sun decks, BBQ grills, gym, rooftop basketball court, small driving range, community pool and spa - with 360 degree views of Los Angeles.Listed on the National Register of Historic Places, the Textile Building is a boutique, 12-story, 69-unit Gothic Revival Landmark overlooking the Fashion District in Downtown L.A. Listed under the Mills Act - earning homeowners generous savings on property taxes. The Mills Act automatically transfers to the new homeowner. Rare! A dedicated parking space within the complex PLUS a storage unit in the basement included. In the heart of Downtown LA, located in the Flower District. Within walking distance to award winning restaurants, museums and coffee shops. Across the street from the Netflix featured Sonoratown. A stone's throw away to the Metro Station, L.A. Live, Crytpo Arena and freeways. Truly, a unique urban dwelling experience.

Details

Property type

Condominium

Est. home value

$652,327

Lot size

7,341 sq ft

Price per sq ft

$619

Year built

1925

Monthly HOA fee

$807

Price History

11/08/2024
CLAW

CLAW #24461845

Listed
$625,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$416,438
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$158,562
Cash to seller
$416,438

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

November 2019

Original loan amount

$220,700

Est. remaining balance

$158,562

Interest rate

3.21%

Loan type

New Conventional, 15 year

Seller

Yen Lai and Teresa Lai

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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Status: Active

Tomo last checked: 11/21/2024 at 7:10 PM

Listing updated: 11/16/2024 at 5:20 AM

Listed by: Alma Lam, eXp Realty of California Inc Phone #: (888) 584-9427

MLS: CLAW #24461845

CLAW logo

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