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$1,350,000

Beds
4
sq ft
1,818

380 Pershing Dr, Playa Del Rey, CA 90293

380 Pershing Dr

Playa del Rey, CA 90293

  • 180 days on market
Great location. This sun-drenched duplex, consists of two 2 +1, 912 sf units in the Beach/Lagoon Area of Playa Del Rey. The features: Hardwood floors, great storage, Washer/Dryer in each of the units and a portable AC unit for the upper unit. Vinyl Window dressings, new paint, some newer windows, private entrance, both front and back, eventually 2- car garage parking (currently street parking only), and living room fireplaces complete this beach cottage opportunity. THAT'S THE GOOD NEWS. BUT BUT BUYER BE AWARE OF ...The existing retaining wall was toppled in a hill slide at the end of the April 2023 rainy season. There is currently litigation in process to determine the responsible party and to assign financial resolution. This may take up to a year before being resolved. It is unknown if buyer can assume the progress of current litigation if the property is sold. The slide forced the demo of the existing garage and partially covered the driveway. No damage or known threat of damage to the structure.

Details

Property type

Est. home value

$1,657,919

Lot size

4,830 sq ft

Price per sq ft

$743

Year built

1955

Price History

01/11/2024
CLAW

CLAW #24343819

Listed
$1,350,000

Schools & Community

Neighborhood: 

Playa Del Rey

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$700,213
Asking price
$1,350,000
Closing costs (~8% of asking)
-$108,000
Est. remaining loan balance
-$541,787
Cash to seller
$700,213

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

April 2015

Original loan amount

$675,000

Est. remaining balance

$541,787

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Jay Robert Paul Eitel and Jenie Meredith Eitel

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: 07/03/2024 at 8:55 AM

Listing updated: 02/16/2024 at 10:16 AM

Listed by: Thomas Corte, Matilla Realty Inc Phone #: (310) 305-8000

MLS: CLAW #24343819

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