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$638,000

Beds
2
Baths
2.0
sq ft
1,201

500 S Berendo St Unit 312, Los Angeles, CA 90020

500 S Berendo St Unit 312

Los Angeles, CA 90020

  • 54 days on market
    • Price drop $6,500↓
One of a kind spacious condominium unit in the heart of Mid-Wilshire area. Corner/end unit with only one common wall. View of the private courtyard below from the unit's balconies. One of the only few big size units in the building. Unit is configured like "two units in one" with one of the 2 bedrooms totally separate from other areas of the unit's interior with a private door, its own private balconies, corner nook study/home office, living room-like space and a full bath. Lots of closet spaces. The rest of the unit has a spacious living room with a fireplace, dining area, another bedroom with a separate full bath and corner kitchen with modern stainless steel appliances. Building has a welcoming grand entry lobby with high ceilings. Elevator access to top four floors. Quiet neighborhood and street within walking distance of Wilshire and Vermont Boulevards. Easy public transportation access (Metro, bus stops). Supermarkets, shopping centers and fine restaurants just equally nearby. High "walk score" of 96! Come and see!

Details

Property type

Condominium

Est. home value

$652,198

Lot size

0.8039 acres

Price per sq ft

$532

Year built

1992

Monthly HOA fee

$339.34

Price History

06/09/2024
CRMLS

CRMLS #GD24092624

Price change
$638,000
-1.01%
05/08/2024
CRMLS

CRMLS #GD24092624

Listed
$644,500

Schools & Community

Neighborhood: 

Koreatown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

High school district: 

Los Angeles Unified

Number of units in community: 

84

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

$175,546
Asking price
$638,000
Closing costs (~8% of asking)
-$51,040
Est. remaining loan balance
-$411,414
Cash to seller
$175,546

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

November 2020

Original loan amount

$446,880

Est. remaining balance

$411,414

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Jose Regullano and Maria Elena Regullano

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: 07/01/2024 at 10:05 AM

Listing updated: 06/21/2024 at 2:09 PM

Listed by: Danny Nicolas, Realty Classics Phone #: (818) 547-9283

MLS: CRMLS #GD24092624

CRMLS logo

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