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$2,650,000

Beds
8
sq ft
6,043

5355 W 8th St, Los Angeles, CA 90036

5355 W 8th St

Los Angeles, CA 90036

  • 51 days on market
    • Price drop $100,000↓
This charming Spanish style 4 unit property is situated in Miracle Mile HPOZ. Zoned R4 and Tier 4 TOC, offering potential future development. Each of the spacious units features two bedrooms, plus versatile bonus/flex rooms that can be tailored to meet various lifestyle needs. Additionally, each unit includes a convenient laundry area with a separate toilet, enhancing the property's appeal and functionality. The bottom 2 units are currently vacant and have been completely renovated and ready for move-in. The upper 2 units are currently tenant occupied, providing stable income. The property is centrally located and offers ease of access to major key areas around Los Angeles, including Downtown Los Angeles, Koreatown, Century City, Beverly Hills, Santa Monica and Hollywood. Location can not be beat. Don't miss the chance to own a piece of Los Angeles history with tremendous growth potential!

Details

Property type

Lot size

8,778 sq ft

Price per sq ft

$439

Year built

1926

HOA

No

Price History

10/11/2024
CLAW

CLAW #24444753

Price change
$2,650,000
-3.64%
09/30/2024
CLAW

CLAW #24444753

Listed
$2,750,000
+25%
11/14/2023
CRMLS

CRMLS #FR23174871

Sold
$2,200,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Nexcap Home Loans

Loan start date

October 2023

Original loan amount

$1,650,000

Est. remaining balance

Not provided

Interest rate

8.62%

Loan type

New Conventional, 30 year

Seller

Junho Lee and Jessica Kim

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: 11/20/2024 at 8:20 AM

Listing updated: 10/11/2024 at 10:06 AM

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

MLS: CLAW #24444753

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