tomo logo

$999,999

Beds
4
sq ft
4,042

3206 W 43rd Pl, Los Angeles, CA 90008

3206 W 43rd Pl

Los Angeles, CA 90008

  • 20 days on market
Excellent opportunity to acquire a solid investment property in Leimert Park. This TOC Tier 3 zoned building features four 1-bedroom units, each with in-unit laundry. The units showcase charming characteristics coveted in this area - wood beam ceilings, hardwood floors, generous room sizes, bathrooms with period piece bathroom tiles and separate tubs and showers. Electrical updates and central air and heat enhance the appeal. The property has stable tenants and is in a highly rentable location, near the Crenshaw and Expo lines, Baldwin Crenshaw Mall, new Costco, just 10 minutes to DTLA, and 3 miles from USC. +One unit will be vacant at closing, making it ideal for investors or owner-occupants. Great location with cash cow potential. *Drive by only write offer STI, some areas have been virtually staged. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, rent potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.

Details

Property type

Est. home value

$1,243,561

Lot size

5,008 sq ft

Price per sq ft

$248

Year built

1936

HOA

No

Price History

10/29/2024
CLAW

CLAW #24458149

Listed
$999,999
-9.09%
11/17/2020
CLAW

CLAW #20578548

Sold
$1,100,000

Schools & Community

Neighborhood: 

Leimert Park

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

$210,041
Asking price
$999,999
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$709,958
Cash to seller
$210,041

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

September 2020

Original loan amount

$781,000

Est. remaining balance

$709,958

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Willie Collins and Lizzetta Lefalle Collins

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: 11/20/2024 at 12:40 AM

Listing updated: 11/15/2024 at 12:45 PM

Listed by: Pila Jessie, KHORR Realty Phone #: (424) 512-2883

MLS: CLAW #24458149

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