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$406,630Estimated home value

Beds
1
Baths
1.0
sq ft
715

421 S La Fayette Park Pl Unit 720, Los Angeles, CA 90057

421 S La Fayette Park Pl Unit 720

Los Angeles, CA 90057

  • Sold On 2/4/2022
    • Price drop $20,000↓
Highly desirable TOP Floor & End unit facing quiet court yard in amenity-filled, centrally located La Fayette Park Tower. Spacious 1 Bedroom in close proximity to Downtown, USC, Court house, and within walking distance of Metro station good for not only for your primary residence, but also great for day use remote office and more. One assigned parking space inside Subterranean parking, 4 elevators, rooftop pool, jacuzzi, BBQ area, fitness center, recreation room, sauna, 24-hr building security. HOA includes Water, Gas, Trash. Pet-friendly building with community laundry facility. This unit is still under interior renovation and Seller welcomes you to negotiate your color and material suggestions or credit to you for your own reform project.

Details

Property type

Condominium

Est. home value

$406,630

Lot size

0.9929 acres

Price per sq ft

$525

Year built

1971

Monthly HOA fee

$347

Price History

11/10/2024
CRMLS

CRMLS #WS24192318

Removed
$419,000
11/08/2024
CRMLS

CRMLS #WS24192318

Listed
$419,000
10/09/2024
CRMLS

CRMLS #WS24192318

Removed
$419,000

Schools & Community

Neighborhood: 

Westlake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated

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

$81,789
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$263,211
Cash to seller
$81,789

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

December 2021

Original loan amount

$280,000

Est. remaining balance

$263,211

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Thomas Witt Jr and Rosalind Bell

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: Off Market

Tomo last checked: 11/15/2024 at 6:05 PM

Listing updated: 07/19/2024 at 3:11 PM

Listed by: Kenji Yoshioka, Starts Pacific, Inc. Phone #: (310) 782-7877

MLS: CRMLS #SB21157712

CRMLS logo

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