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$1,166,896Estimated home value

Beds
5
Baths
7.0
sq ft
2,330

3334 Madera Ave, Los Angeles, CA 90039

3334 Madera Ave

Los Angeles, CA 90039

  • Off market
Fantastic investment opportunity nestled in the heart of vibrant Atwater Village. A modern home, meticulously remodeled in 2021, complemented with a newly constructed (2021) detached ADU with separate address– 3332 Madera. This property provides a perfect setup for strong rental income, multi-generational living, or an in-law/ guest suite. The newly reconstructed main residence features 1,563 square feet of modern designer living space, a bright open floor plan, three bedrooms, and four bathrooms. Inside, discover high ceilings, light oakwood flooring, and a chic open kitchen with gray cabinetry and stainless steel appliances. Each bedroom is en-suite, including a lavish primary suite with a generously sized private terrace on the second level. Additionally, a flexible lower-level space and inviting dining patio enhance the living experience. The fully detached accessory dwelling unit features nearly 800 sqft. of newly built living space with two bedrooms and three baths. Upon entering, the first floor features a well-appointed kitchen, living space, and patio. Upstairs, two en-suite bedrooms with a laundry room create an ideal layout. Currently tenant-occupied, this ADU offers various possibilities, whether as an income generator, guest accommodation, or personal sanctuary. Outside, an automatic driveway gate leads to an oversized garage—a rare feature when combined with an ADU. Enjoy the convenience of gated driveway access, ample off-street parking, and an unbeatable location. This gem in Atwater Village is easily within reach to the neighborhood's charming coffee shops, diverse dining options, markets, and recreational facilities. Don't miss out on this exceptional opportunity to invest in Atwater Village's thriving community. Both units are currently occupied with excellent renters and very strong rental income.

Details

Property type

Single Family Residence

Est. home value

$1,166,896

Lot size

5,404 sq ft

Price per sq ft

$816

Year built

1923

Price History

09/07/2024
CRMLS

CRMLS #SR24083188

Removed
$1,899,000
09/06/2024
CRMLS

CRMLS #SR24083188

Listed
$1,899,000
09/06/2024
CRMLS

CRMLS #SR24083188

Removed
$1,899,000

Schools & Community

Neighborhood: 

Atwater Village

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Los Angeles Unified

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

$378,155
Asking price
$1,899,000
Closing costs (~8% of asking)
-$151,920
Est. remaining loan balance
-$1,368,925
Cash to seller
$378,155

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

Seller’s Loan History

Lender

Stg Mortgage Inc

Loan start date

February 2022

Original loan amount

$1,447,500

Est. remaining balance

$1,368,925

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Raef Habashi

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: Off Market

Tomo last checked: 09/28/2024 at 5:35 PM

Listing updated: 09/06/2024 at 5:30 AM

Listed by: Gina Michelle, The Agency Phone #: (818) 379-7700

MLS: CRMLS #SR24083188

CRMLS logo

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