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$699,000

Beds
2
Baths
1.0
sq ft
690

4913 Lynnfield St, Los Angeles, CA 90032

4913 Lynnfield St

Los Angeles, CA 90032

  • 3 days on market
    • Open house Jun 30
A wonderful opportunity awaits in one of the highly sought after neighborhoods in the vibrant Northeast LA! The property features a recently remodeled 1 bedroom, 1 bath home, plus a lower level that already started and mostly completed finishings for a JRADU unit, there are must a few items needed to wrap up permitting for this unit. In addition, there is also RTI plans approved by the city included and ready for you to build a detached ADU unit. This property offers tremendous potential for an owner-user with tons of potential for market rents to help subsidize your mortgage or makes for an ideal rental investment for the investor looking to capture tremendous equity build up with the value-add of 2 additional units and excellent performing cap rate with 3 units at market rent. Conveniently located within minutes to DTLA, USC medical Ctr, Pasadena, Glendale, and minutes from the trendy Fig & York corridor in Northeast LA!

Details

Property type

Single Family Residence

Est. home value

$762,918

Lot size

4,861 sq ft

Price per sq ft

$1,014

Year built

1926

Price History

06/26/2024
CRMLS

CRMLS #P1-18248

Listed
$699,000
-6.68%
06/18/2024
CRMLS

CRMLS #P1-17494

Removed
$749,000
05/02/2024
CRMLS

CRMLS #P1-17494

Listed
$749,000
+48.32%

Schools & Community

Neighborhood: 

El Sereno

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights

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

Mark Leonard Roth Ira

Loan start date

August 2022

Original loan amount

$710,000

Est. remaining balance

Not provided

Interest rate

5.51%

Loan type

Building or Construction Loan

Seller

Armas Properties Inc and Jared Thomas Armas

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: 06/29/2024 at 4:40 AM

Listing updated: 06/27/2024 at 5:13 AM

Listed by: Daniel Portillo, eXp Realty of California, Inc. Phone #: (888) 584-9427

MLS: CRMLS #P1-18248

CRMLS logo

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