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$599,900

Beds
2
Baths
2.0
sq ft
1,300

416 S Spring St Unit 509, Los Angeles, CA 90013

416 S Spring St Unit 509

Los Angeles, CA 90013

  • 60 days on market
The El Dorado lofts have been transformed into a vibrant community for modern urban dwellers in Los Angeles. Situated near Grand Central Market, the Music Center, and various galleries and museums, this location is ideal for those who appreciate city living. Parking rates at the El Dorado lofts are $200 for an assigned space, $250 for an assigned space, and $350 for a tandem two-car parking spot located behind the building in a parking structure in the alley. Buyers are advised to confirm current rates as they may have changed. Property is tenant occupied & will be sold with the tenant ."Seller has not occupied the property and makes no guarantees. Buyers and agents are responsible for verifying all aspects of the property. It is recommended that buyers and agents verify all square footages, permits, and information with the City to ensure accuracy. The property is being sold 'AS IS.' Buyers should verify all MLS information, including permits, bed/bath counts, and square footage, and investigate all aspects of the property for accuracy. By purchasing the property, buyers agree to hold the seller and listing agent harmless from any liability related issues.

Details

Property type

Condominium

Lot size

0.2373 acres

Price per sq ft

$462

Year built

1914

Monthly HOA fee

$951.59

Price History

10/24/2024
CLAW

CLAW #24457249

Listed
$599,900
-34.08%
05/14/2019
CLAW

CLAW #19447142

Sold
$910,000

Schools & Community

Neighborhood: 

Downtown

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

-$141,046
Asking price
$599,900
Closing costs (~8% of asking)
-$47,992
Est. remaining loan balance
-$692,954
Cash to seller
-$141,046

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

April 2019

Original loan amount

$773,500

Est. remaining balance

$692,954

Interest rate

4.35%

Loan type

New Conventional, 30 year

Seller

Christopher Scott Pacetti

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: 12/25/2024 at 10:45 AM

Listing updated: 12/04/2024 at 9:15 PM

Listed by: Alex Carrillo, AIE Realty Inc Phone #: (213) 550-7070

MLS: CLAW #24457249

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