tomo logo

$4,195,000

Beds
14
sq ft
8,162

354 Newland St, Los Angeles, CA 90042

354 Newland St

Los Angeles, CA 90042

  • 59 days on market
    • Price drop $155,000↓
Onward Capital as an exclusive broker is pleased to present a brand-new 5-unit complex (2 Duplex's and large ADU) for sale. This 5-unit property features 3- detached buildings, all 3-story on grade with elevating rooftop views overlooking all of Los Angeles. The property includes (2) 4 bed, 5 bath units, (2) 3 bed, 3 bath units and one studio apartment.354 N Newland is a NON-RENT CONTOLLED and SPACIOUS 5-unit tri level townhome complex. Finishes in the unit are top of the line including high ceilings, walk in closets, designer kitchens, en-suite bathrooms and huge rooftop decks. A++ HIGHLAND PARK LOCATIONDELIVERED. 100% LEASED AT A TRUE 5.25% CAP. 8 PARKING SPOTS (2) PER UNIT AND 1 GARAGE! LARGE ROOFTOP DECKS OVERLOOKING LOS ANGELES. ALL UNITED SEPERATLEY METERED FOR GAS, ELECTRIC, AND WATER. PERFECT OWNER OCCUPIED OPPORTUNITY!

Details

Property type

Est. home value

$1,407,970

Lot size

6,694 sq ft

Price per sq ft

$514

Year built

2024

HOA

No

Price History

09/04/2024
CLAW

CLAW #24418909

Price change
$4,195,000
-3.56%
07/23/2024
CLAW

CLAW #24418909

Listed
$4,350,000
+335%
08/12/2022
CRMLS

CRMLS #PW21217389

Sold
$1,000,000

Schools & Community

Neighborhood: 

Highland Park

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

First Republic Bank

Loan start date

January 2023

Original loan amount

$2,160,000

Est. remaining balance

Not provided

Interest rate

6.61%

Loan type

Building or Construction Loan

Seller

Horace Mann Partners Llc

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: 09/20/2024 at 9:40 AM

Listing updated: 09/04/2024 at 4:39 PM

Listed by: Serena Shlomof, Onward Capital, Inc. Phone #: (310) 728-9969

MLS: CLAW #24418909

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