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$1,299,000

Beds
4
sq ft
1,890

4911 Aldama St, Los Angeles, CA 90042

4911 Aldama St

Los Angeles, CA 90042

  • 1 day on market
This incredible income property features two detached homes on a lot with great rental income and upside potential, conveniently located near York Blvd and Figueroa St, Highland Park's main thoroughfares. The front home (4913) is an 800 sqft, well-maintained 2-bedroom, 1-bathroom unit with long-term tenants, an attached 1-car garage with washer/dryer hookups, new exterior paint, carpeted living and dining areas, wood flooring in the bedrooms, and vinyl flooring in the kitchen and bathroom. The rear home (4911) is a 1,000 sqft, 2-bedroom, 2-bathroom unit that has been fully renovated with permits. Upgrades include a new roof, updated exterior stucco, remodeled bathrooms, a modern kitchen with quartz countertops, a tiled backsplash, and stainless steel appliances, fresh paint, sleek hardscape in the front and back, central HVAC, a tankless water heater, and recessed lighting throughout. This unit is also tenant-occupied at market rent. Other features for both units include: copper plumbing, upgraded electrical panel, and upgraded majority of the sewer line. Located in a vibrant and desirable area, close to trendy shops, dining, and transportation, this property offers a fantastic investment opportunity with low maintenance and upside rental potential.

Details

Property type

Est. home value

$1,386,994

Property condition

Updated/Remodeled

Lot size

7,496 sq ft

Price per sq ft

$688

Year built

1947

HOA

No

Price History

01/09/2025
CLAW

CLAW #25479925

Listed
$1,299,000
+53.08%
08/24/2022
CLAW

CLAW #22171269

Sold
$848,568

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

$522,464
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$672,616
Cash to seller
$522,464

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

Seller’s Loan History

Lender

Flexpoint Inc

Loan start date

August 2023

Original loan amount

$682,500

Est. remaining balance

$672,616

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

William Tan and The William And Rebecca Tan 2005 Trust

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: 01/11/2025 at 11:40 AM

Listing updated: 01/11/2025 at 11:15 AM

Listed by: Rachelle Tan, eXp Realty of California Inc Phone #: (888) 584-9427

MLS: CLAW #25479925

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