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$1,695,000

Beds
6
sq ft
2,903

4711 St Elmo Dr, Los Angeles, CA 90019

4711 St Elmo Dr

Los Angeles, CA 90019

  • 87 days on market
LOCATION! Presenting this unique 5-unit boutique property in Mid-City Heights! Property is all new construction built in 2023-2024. Built, owned, and maintained by a professional real estate developer with 10+ years of experience in building and property management. No corners cut or expense spared when built. Property is fully occupied by highly qualified tenants at market rents and rent rolls/expenses provided. All units are tastefully designed and feature in unit washer/dryer amongst many other convenient features. New main water and main sewer lines have been installed for peace of mind. The property is absolutely turn-key and needs nothing. Great investment for 1031 buyer or anyone looking to park their money in a safe investment that will certainly only appreciate over time. All permits, original plans, surveys, records etc. Available upon request.

Details

Property type

Est. home value

$1,030,175

Lot size

6,441 sq ft

Price per sq ft

$584

Year built

1902

HOA

No

Price History

09/27/2024
CLAW

CLAW #24445943

Listed
$1,695,000
+9.43%
09/15/2024
CLAW

CLAW #24404409

Removed
$1,549,000
06/14/2024
CLAW

CLAW #24404409

Listed
$1,549,000
-8.83%

Schools & Community

Neighborhood: 

Mid City

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

$536,580
Asking price
$1,695,000
Closing costs (~8% of asking)
-$135,600
Est. remaining loan balance
-$1,022,820
Cash to seller
$536,580

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

Seller’s Loan History

Lender

Nations Direct Mortgage Llc

Loan start date

July 2023

Original loan amount

$1,037,850

Est. remaining balance

$1,022,820

Interest rate

6.71%

Loan type

FHA, 30 year

Seller

Maor Knafo

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: 12/24/2024 at 4:40 AM

Listing updated: 12/11/2024 at 1:25 PM

Listed by: Elizabeth Friedman, Chelsea Properties Phone #: (310) 497-9348

MLS: CLAW #24445943

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