tomo logo

$960,000

Beds
6
sq ft
4,115

331 S Avenue 20, Los Angeles, CA 90031

331 S Avenue 20

Los Angeles, CA 90031

  • 9 days on market
Introducing this 6-unit investment opportunity in prime Lincoln Heights. The property is comprised of six 1 bedroom,1 bath units with onsite parking. With a walk score of 81, tenants enjoy a close proximity to dining and entertainment options on North Broadway. Other area highlights include easy access to the 5 and 110 Freeways, a 1-mile drive to USC Health Sciences Campus and a short 10-minute drive to Cal State LA. Investors will further benefit from the property's upside potential in rental income and possible ADU additions.

Details

Property type

Lot size

8,278 sq ft

Price per sq ft

$234

Year built

1921

HOA

No

Price History

12/11/2024
CLAW

CLAW #24471547

Listed
$960,000
-5.88%
12/05/2024
CLAW

CLAW #24417531

Removed
$1,020,000
10/16/2024
CLAW

CLAW #24417531

Price change
$1,020,000
-6.85%

Schools & Community

Neighborhood: 

Lincoln Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pacific Premier Bank

Loan start date

March 2006

Original loan amount

$210,000

Est. remaining balance

Not provided

Interest rate

5.76%

Loan type

Commercial

Seller

Angel Reynoso and Susana Reynoso

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: 12/22/2024 at 3:05 AM

Listing updated: 12/19/2024 at 5:25 AM

Listed by: Enrique Viramontes, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #24471547

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