tomo logo

$1,150,000

Beds
2
Baths
2.5
sq ft
1,885

5508 W Olympic Blvd, Los Angeles, CA 90036

5508 W Olympic Blvd

Los Angeles, CA 90036

  • 13 days on market
Beautiful light and bright 1,885-square-foot home in the heart of Miracle Mile. Ideally located between the Westside and DTLA, this property offers easy access to a wide range of dining, shopping, museums, and entertainment options. This modern 2 bedroom, 2.5 bathroom home features a spacious, high-end kitchen equipped with stainless steel appliances, including a chef's stove, built-in microwave, large French door refrigerator with ice/water dispenser, a large island with prep sink and pendant lighting, quartz countertops, newer cabinets, and a chic chevron-tiled backsplash. The main living area is flooded with natural light, boasting walls of glass and a generous living and dining space. It also includes a half bathroom and a walk-out balcony, perfect for a BBQ. Designed with privacy in mind, each bedroom is on its own floor (3rd and 4th levels) and includes an en-suite bathroom. The primary suite offers panoramic views, while the second bedroom features a cozy walk-out patio. Additional highlights include a private 2-car garage with direct access to a front foyer/office space, a full-sized laundry room, ample storage, wide-plank flooring, recessed lighting, central A/C, tankless water heater, dual-pane windows with screens, and no shared walls. Don't miss the opportunity to make this exquisite property your new home!

Details

Property type

Single Family Residence

Est. home value

$1,302,524

Property condition

New Construction

Lot size

1,182 sq ft

Price per sq ft

$611

Year built

2019

Monthly HOA fee

$142

Price History

11/08/2024
CLAW

CLAW #24461247

Listed
$1,150,000
-8%
05/25/2023
CRMLS

CRMLS #AR22176367

Sold
$1,250,000

Schools & Community

Neighborhood: 

Mid City

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

$699,582
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$358,418
Cash to seller
$699,582

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

Seller’s Loan History

Lender

Logix Fcu

Loan start date

May 2023

Original loan amount

$489,414

Est. remaining balance

$358,418

Interest rate

6.32%

Loan type

New Conventional, 5 year

Seller

Richard A Byrd and Phyllis J Liu

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: 11/21/2024 at 9:10 PM

Listing updated: 11/16/2024 at 5:15 AM

Listed by: Christopher Furstenberg, Nourmand & Associates-HW Phone #: (323) 462-6262

MLS: CLAW #24461247

CLAW logo

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