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$1,395,000

Beds
3
Baths
2.5
sq ft
1,772

479 Crane Blvd, Los Angeles, CA 90065

479 Crane Blvd

Los Angeles, CA 90065

  • 56 days on market
    • Price drop $100,000↓
Welcome to 479 & 481 Crane Blvd. This incredibly charming Spanish compound is truly a unique opportunity to own in the highly desirable Mount Washington neighborhood. The grounds feature 2 separate Spanish homes that will be delivered vacant. The possibilities are endless - live in the main unit (2 bed and 2 bath) and rent out the separate studio with a bathroom. Or use the studio for your home office or music/arts studio or flex space. Or purchase the property as an income property and rent out both units for passive income. Each unit has its own private yard and both enjoy spectacular views of the mountains and city below. With mature trees throughout there is privacy, a cool breeze and shade. A separate two-car garage makes parking a breeze. The main house features an open floorplan with a spacious kitchen, dining and living room area with a large bedroom and bathroom. Downstairs is a spacious master suite with a separate entrance. The second unit is a large studio with kitchen and bathroom. Both units were meticulously renovated a few years ago and are bright, light and airy. The property is located in Mt. Washington Elementary school boundaries and close to all of the hot spots on Figueroa, Cypress Park, Downtown, and Glassell Park. This is truly a rare find.

Details

Property type

Single Family Residence

Est. home value

$1,394,914

Lot size

2,883 sq ft

Price per sq ft

$788

Year built

1923

HOA

No

Price History

11/07/2024
CLAW

CLAW #24445231

Price change
$1,395,000
-6.94%
09/26/2024
CLAW

CLAW #24422487

Removed
$1,499,000
+0.27%
09/26/2024
CLAW

CLAW #24445231

Listed
$1,495,000
-0.27%

Schools & Community

Neighborhood: 

Mount Washington

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

$132,051
Asking price
$1,395,000
Closing costs (~8% of asking)
-$111,600
Est. remaining loan balance
-$1,151,349
Cash to seller
$132,051

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

May 2022

Original loan amount

$1,200,000

Est. remaining balance

$1,151,349

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Eric Rr Miller and Lucky A Miller

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: 11/22/2024 at 12:50 AM

Listing updated: 11/06/2024 at 8:50 PM

Listed by: Bradley Holmes, Compass Phone #: (323) 285-3405

MLS: CLAW #24445231

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