tomo logo

$1,020,000

Beds
6
sq ft
4,115

331 S Avenue 20, Los Angeles, CA 90031

331 S Avenue 20

Los Angeles, CA 90031

  • 108 days on market
    • Price drop $75,000↓
331 S Avenue 20 in Lincoln Heights is an excellent multifamily investment opportunity priced to move quickly. The offering is six one bedroom units with a huge upside in rents. A two story fourplex sits in front of a single story duplex in the back. The fourplex units have dens and balconies. A walkers paradise, the property boasts a 83 out of 100 walkscore. Both buildings have been recently painted and pressure washed. A large parking lot presents a possible opportunity to build an ADU. There aren't many good deals out there right now. But this is truly one of the rare deals that pencils in todays market. Don't miss out on this excellent investment opportunity.

Details

Property type

Lot size

8,256 sq ft

Price per sq ft

$248

Year built

1920

HOA

No

Price History

10/16/2024
CLAW

CLAW #24417531

Price change
$1,020,000
-6.85%
07/15/2024
CLAW

CLAW #24417531

Listed
$1,095,000
-0.36%
06/30/2024
CRMLS

CRMLS #DW24030381

Removed
$1,099,000

Schools & Community

Neighborhood: 

Lincoln Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

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: 11/05/2024 at 4:00 PM

Listing updated: 10/16/2024 at 1:45 PM

Listed by: Brett Alphin, Compass Phone #: (310) 652-6285

MLS: CLAW #24417531

CLAW logo

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