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$2,895,000

Beds
Unknown
sq ft
4,080

5353 W Pico Blvd, Los Angeles, CA 90019

5353 W Pico Blvd

Los Angeles, CA 90019

  • 53 days on market
This highly visible corner lot located in the mist of the real estate development boom of Pico Blvd. An ideal investment opportunity for an owner-user, the property is presently being operated as a pre-school. The school currently uses the side lot as a playground but can be used as a parking lot. The current site consists of a 4,080 square foot building on an 8,061 square foot lot zoned C-4 for Strip Mall, Condos, Apartments. Buyer to verify all development opportunities and potential use in due diligence. Note: the school business is sold separately.

Details

Property type

Condominium

Est. home value

$2,317,661

Lot size

8,064 sq ft

Price per sq ft

$710

Year built

1957

HOA

No

Price History

05/10/2024
CLAW

CLAW #24383261

Listed
$2,895,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

Mufg Union Bank Na

Loan start date

May 2021

Original loan amount

$1,768,000

Est. remaining balance

Not provided

Interest rate

3.17%

Loan type

SBA Participation Trust Deed

Seller

Artea Kirkland

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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Price drop
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$3,300,000
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129 N Le Doux Rd, Beverly Hills, CA 90211

Status: Active

Tomo last checked: 07/03/2024 at 10:15 AM

Listing updated: 05/18/2024 at 5:18 AM

Listed by: Aisha Andrews, Architectural Estates Phone #: (323) 857-1400

MLS: CLAW #24383261

CLAW logo

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