tomo logo

$1,450,000

Beds
9
sq ft
3,644

3501 Lifur Ave, Los Angeles, CA 90032

3501 Lifur Ave

Los Angeles, CA 90032

  • 47 days on market
Investor's Dream! Exceptional Income Property in El Sereno, Adjacent to Alhambra. Discover this unique property offering four income-generating units, including a brand-new ADU (Additional Dwelling Unit), all situated in a highly desirable rental location. The property features A single-family home with 3 bedrooms, 2 baths, and a private yard, a townhome-style duplex with 2 bedrooms and 2 baths each, one unit remodeled. A detached, brand-new ADU with 2 bedrooms and 1 bath. The high demand for rental properties in this area ensures low vacancy rates and consistent income. Don't miss out on this rare opportunity to own a versatile income property in one of El Sereno's most coveted neighborhoods, just minutes from South Pasadena and Monterey Park. A must-see to truly appreciate! Call the listing agent for additional information.

Details

Property type

Est. home value

$966,825

Property condition

Updated/Remodeled

Lot size

7,507 sq ft

Price per sq ft

$398

Year built

1924

HOA

No

Price History

05/16/2024
CLAW

CLAW #23314807

Removed
$1,450,000
05/16/2024
CLAW

CLAW #24392867

Listed
$1,450,000
11/16/2023
CLAW

CLAW #23314807

Listed
$1,450,000
+63.84%

Schools & Community

Neighborhood: 

El Sereno

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$743,412
Asking price
$1,450,000
Closing costs (~8% of asking)
-$116,000
Est. remaining loan balance
-$590,588
Cash to seller
$743,412

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

Seller’s Loan History

Lender

Parkside Lending Llc

Loan start date

April 2021

Original loan amount

$633,750

Est. remaining balance

$590,588

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Jose Palma and Krissia E Palma Chavez

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: 07/02/2024 at 10:00 PM

Listing updated: 05/24/2024 at 5:22 AM

Listed by: Walter Castillo, Coldwell Banker Realty Phone #: (323) 464-9272

MLS: CLAW #24392867

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