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$1,400,000

Beds
7
sq ft
2,219

438 E 56th St, Los Angeles, CA 90011

438 E 56th St

Los Angeles, CA 90011

  • 165 days on market
    • Price drop $125,000↓
Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. Currently 100% Vacant! Two buildings sit on the lot which are comprised of two duplexes: 'structure one' is completely brand-new construction and 'structure two' is a meticulously "studs up" renovation. The front structure underwent a complete overhaul and now consists of two modern 2 bd + 1 ba units. The rear structure is brand new construction with a mix of one 2 bd + 1 ba and one 1 bd + 1 ba ADUs. All units are separately metered for all utilities (water sub-metering) and include open floor plans, modern kitchens, air conditioning and hard wood flooring. Its central location provides investors an extensive tenant pool. USC is a short 3 mile drive, Downtown LA is minutes to the North and access to the 110 Freeway is less than a mile away.

Details

Property type

Est. home value

$541,344

Lot size

5,093 sq ft

Price per sq ft

$631

Year built

2024

HOA

No

Price History

09/16/2024
CLAW

CLAW #24377657

Listed
$1,400,000
08/08/2024
CLAW

CLAW #24377657

Pending
$1,400,000
07/15/2024
CLAW

CLAW #24377657

Price change
$1,400,000
-8.2%

Schools & Community

Neighborhood: 

Southeast Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The Lonesome Miner Llc

Loan start date

June 2023

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

6.43%

Loan type

Commercial

Seller

Pan Partnership Inc

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: 09/21/2024 at 3:45 AM

Listing updated: 09/16/2024 at 4:49 PM

Listed by: Enrique Viramontes, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #24377657

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