tomo logo

$420,000

Beds
1
Baths
1.0
sq ft
715

421 S La Fayette Park Pl Unit 607, Los Angeles, CA 90057

421 S La Fayette Park Pl Unit 607

Los Angeles, CA 90057

  • 127 days on market
Highly sought-after south-facing 6th-floor condo with stunning LA city views, located in the amenity-rich and centrally situated La Fayette Park Tower. This spacious and inviting 1-bedroom, 1-bathroom unit is conveniently close to the elevator and offers a city view rather than a courtyard view. Its open floor plan features a gas fireplace and a private balcony overlooking the city skyline. Enjoy upscale LA living with access to a rooftop pool, jacuzzi, BBQ area, fitness center, recreation room, sauna, and 24-hour building security. The unit is bright and airy with fresh paint and new carpeting. The HOA covers water, gas, and trash. Includes one assigned parking space and the building is pet-friendly with a community laundry facility. Conveniently located near Downtown LA, USC, Koreatown, cultural venues, restaurants, and a Metro station.

Details

Property type

Condominium

Est. home value

$418,949

Lot size

0.9932 acres

Price per sq ft

$588

Year built

1971

Monthly HOA fee

$417.56

Price History

08/21/2024
CRMLS

CRMLS #PW24173779

Listed
$420,000
+15.07%
08/27/2021
CLAW

CLAW #21758632

Sold
$365,000

Schools & Community

Neighborhood: 

Westlake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Street Lights

High school district: 

Los Angeles Unified

Number of units in community: 

178

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

$151,235
Asking price
$420,000
Closing costs (~8% of asking)
-$33,600
Est. remaining loan balance
-$235,165
Cash to seller
$151,235

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

Seller’s Loan History

Lender

Mk Lending Corp

Loan start date

August 2021

Original loan amount

$292,000

Est. remaining balance

$235,165

Interest rate

2.2%

Loan type

New Conventional, 15 year

Seller

Jae Kyung Ahn and Dasom Kwon

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: 12/26/2024 at 12:35 PM

Listing updated: 12/13/2024 at 9:14 PM

Listed by: Kevin Lee, Bricxone Realty, Inc. Phone #: (714) 261-3236

MLS: CRMLS #PW24173779

CRMLS logo

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