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$1,050,000

Beds
5
sq ft
2,360

3616 W 61st St, Los Angeles, CA 90043

3616 W 61st St

Los Angeles, CA 90043

  • 73 days on market
This exceptional investment opportunity presents a unique combination of privacy, space, and potential for excellent rental income. The property comprises two separate buildings, showcasing a trio of spacious residential units that area exude a sense of pride in ownership. The primary residence is a charming Spanish-style home that boasts a generous floor plan, complete with three bedrooms, two bathrooms, a bright and airy living room, formal dining room, breakfast nook, and indoor laundry facilities. The property's curb appeal is further enhanced by a covered front porch, patio area, and a gated yard with a small, serene pond. The auxiliary building, located at the rear of the property, offers two additional units: a spacious one-bedroom, one-bathroom residence on the upper level, complete with a large living room and full kitchen and bath, and a studio unit on the lower level, featuring a combined living room/bedroom, full kitchen, and bathroom. The property also features ample parking, including a two-car garage and a separate onsite gated parking lot accommodating four additional vehicles, as well as a private yard and patio area separating the two buildings, ideal for outdoor relaxation and entertainment. Seller motivated submit all offers. (NOTE: all interior photos are of single and Studio only)

Details

Property type

Est. home value

$917,988

Lot size

6,468 sq ft

Price per sq ft

$445

Year built

1932

HOA

No

Price History

07/08/2024
CLAW

CLAW #24411979

Listed
$1,050,000
+16.8%
06/01/2024
CRMLS

CRMLS #PW23192822

Removed
$899,000
05/02/2024
CRMLS

CRMLS #PW23192822

Listed
$899,000

Schools & Community

Neighborhood: 

Hyde Park

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

$658,220
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$307,780
Cash to seller
$658,220

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

March 2016

Original loan amount

$375,000

Est. remaining balance

$307,780

Interest rate

3.72%

Loan type

New Conventional, 30 year

Seller

Jacquelyn S Newsom and Jacquelyn S Newsom Trust

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 11:35 AM

Listing updated: 09/11/2024 at 1:49 PM

Listed by: Teresa Peters, Teresa Peters Executive Rlts Phone #: (310) 665-1145

MLS: CLAW #24411979

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