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$1,249,000

Beds
6
sq ft
3,722

3347 Division St, Los Angeles, CA 90065

3347 Division St

Los Angeles, CA 90065

  • 1 day on market
Huge upside! An Investment gem in the Glassell Park/Mount Washington area! An exceptional Fourplex and true rarity featuring a total of 6 bedrooms and 4 bathrooms, thoughtfully distributed across two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Each unit has its own separate meter. The expansive lot offers ample parking spaces, and with the surrounding market on an upward trajectory, rents are steadily climbing. This remarkable property is a golden ticket to passive income for savvy, long-term investors like you. Located just a stone's throw from Mount Washington, Echo Park, Silver Lake, and Los Feliz, you'll enjoy easy access to the vibrant areas and amenities these neighborhoods offer. Close to shopping, parks, schools, and major freeways (5, 110, and 2), everything you need is conveniently within reach. Situated in Glassell Park's exciting Opportunity Zone, this is one you don't want to miss!

Details

Property type

Est. home value

$1,236,802

Lot size

6,936 sq ft

Price per sq ft

$336

Year built

1950

HOA

No

Price History

01/20/2025
CLAW

CLAW #25487013

Listed
$1,249,000
+9.08%
06/11/2021
CRMLS

CRMLS #SR21054874

Sold
$1,145,000

Schools & Community

Neighborhood: 

Glassell Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$422,472
Asking price
$1,249,000
Closing costs (~8% of asking)
-$99,920
Est. remaining loan balance
-$726,608
Cash to seller
$422,472

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

Seller’s Loan History

Lender

United American Mortgage Corp

Loan start date

June 2021

Original loan amount

$787,500

Est. remaining balance

$726,608

Interest rate

3.04%

Loan type

New Conventional, 30 year

Seller

Mario Filadelfo Chavarria

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: 01/22/2025 at 2:05 AM

Listing updated: 01/21/2025 at 8:55 PM

Listed by: Nick Mercado, Sotheby's International Realty Phone #: (310) 724-7000

MLS: CLAW #25487013

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