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$1,595,000

Beds
6
Baths
6.0
sq ft
2,940

4205 Mercury Ave, Los Angeles, CA 90032

4205 Mercury Ave

Los Angeles, CA 90032

  • 21 days on market
"Brand New Construction" in Montecito Heights. 2 detached homes and JADU on one lot. Separate addresses and utilities. Front house, 4205 Mercury Ave., 1650 +/- sq feet. Brand new construction. Featuring 3bd 2.5 ba. Open floor-plan. Entertainers delight. Gourmet kitchen with island sitting. Bar counters with glass cabinets. From living room, access to the outdoor deck. Multiple view decks for outdoor entertainment. Rented for 4,090.00. 4205 1/2 Mercury Ave., was the existing back house. View galore. about 1000 Square feet. Featuring, 2 storey, 2bd 2.5ba, Totally 100% remodeled in 2024. Brand new kitchen, plumbing, bathrooms, electrical, roof, windows, water heater, doors, flooring, central air/heat, electric panel and much, much more. Private outdoor patio with panoramic views. Rented for $3,075.00. 4205 1/4 is studio. about 300 +/- square feet. Rented 1,975.00. The property is located in the Montecito Heights area. It's LA's up and coming neighborhood. California living at its finest. Close to Fwy, DTLA & Pasadena. ALL tenants are Section 8 tenant. Rents are on time and guaranteed. FOR THE OWNER OCCUPANCY buyers, the 4205 lease terminates on 4/8/2025 and 4205 1/2 lease terminates on 5/8/2025. The rents are at PREMIUM and ACTUAL. You can also use the supplemental rent income for loan qualification.

Details

Property type

Single Family Residence

Est. home value

$603,506

Lot size

4,424 sq ft

Price per sq ft

$543

Year built

2024

HOA

No

Price History

10/24/2024
CLAW

CLAW #24456625

Listed
$1,595,000

Schools & Community

Neighborhood: 

Montecito Heights

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

$540,333
Asking price
$1,595,000
Closing costs (~8% of asking)
-$127,600
Est. remaining loan balance
-$927,067
Cash to seller
$540,333

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

Seller’s Loan History

Lender

Cmg Mortgage Inc

Loan start date

January 2024

Original loan amount

$934,500

Est. remaining balance

$927,067

Interest rate

7.29%

Loan type

New Conventional, 30 year

Seller

Ben Shirvanian

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?

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Status: Active

Tomo last checked: 11/14/2024 at 8:40 AM

Listing updated: 11/01/2024 at 8:15 AM

Listed by: Ben Shirvanian, Shirvan Group Inc Phone #: (818) 822-6026

MLS: CLAW #24456625

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