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$859,000

Beds
Unknown
Baths
1.0
sq ft
1,570

530 Molino St Unit 117, Los Angeles, CA 90013

530 Molino St Unit 117

Los Angeles, CA 90013

  • 67 days on market
Bright and huge Open Live/Work Residence with a private outdoor patio at Molino Street Lofts, in the heart of Art District. Originally built with 1920's hardwoods and tall windows that let in lots of natural light. Completed in 2006, combined two previously converted loft apartment buildings into one authentic live/work loft complex. This residence has two spaces separated with a few stairs, soaring ceiling height, polished concrete floors, floor to ceiling windows, a private balcony with an iconic Fourth Street Bridge view, in-unit laundry area with gas dryer, and a kitchen with a built-in dish washer. Plenty room to create your own living and working space. The building amenities include a rooftop pool, barbeque area, sun terrace, lounge, gym, secured entrance with a virtual key, and the gated on-site parking. Central to all freeways and public transportation. Closed to USC. Walking distance to famous restaurants, SCI-Arc, Urth Caffe, Zinc Caf & Market and Bar, Angel City Brewery, The Rising Sun, Art District Park, Little Tokyo, and many others.

Details

Property type

Condominium

Est. home value

$940,974

Lot size

1.9073 acres

Price per sq ft

$548

Year built

1923

Monthly HOA fee

$581.84

Price History

08/27/2024
CLAW

CLAW #24432453

Listed
$859,000
-4.45%
08/24/2024
CLAW

CLAW #24392773

Removed
$899,000
07/12/2024
CLAW

CLAW #24392773

Price change
$899,000
-3.23%

Schools & Community

Neighborhood: 

Central City East

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

$251,977
Asking price
$859,000
Closing costs (~8% of asking)
-$68,720
Est. remaining loan balance
-$538,303
Cash to seller
$251,977

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

Seller’s Loan History

Lender

Bay Valley Mortgage Group

Loan start date

January 2021

Original loan amount

$588,500

Est. remaining balance

$538,303

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Kyung Won Choi and Jacquelyn Choi

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: 11/03/2024 at 4:20 AM

Listing updated: 09/30/2024 at 10:20 PM

Listed by: Brian Yang, Propertylink Real Estate, Inc. Phone #: (213) 531-0123

MLS: CLAW #24432453

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