tomo logo

$850,000

Beds
5
sq ft
1,983

601 W 74th St, Los Angeles, CA 90044

601 W 74th St

Los Angeles, CA 90044

  • 138 days on market
Great investment opportunity. ED1 Eligible. Also eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). This Triplex is being run as a 30+ day rental on Airbnb. Front house is a 3 bedroom. Converted into two separate units without permit. Back building is made of side by side adjoining 1/1 units. There is a Shed at the end of the driveway the houses the laundry machines. Long driveway which accommodates several car parking. A large back yard which is adjacent to alley can potentially be used as parking. large front yard.

Details

Property type

Est. home value

$790,426

Lot size

7,007 sq ft

Price per sq ft

$429

Year built

1920

HOA

No

Price History

04/26/2024
CLAW

CLAW #24388113

Listed
$850,000
+11.7%
10/29/2021
CRMLS

CRMLS #OC21181589

Sold
$761,000

Schools & Community

Neighborhood: 

South Los Angeles

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

Velocity Commercial Capital Llc

Loan start date

August 2021

Original loan amount

$510,000

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Commercial

Seller

Bruce King

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: 09/21/2024 at 1:15 AM

Listing updated: 09/10/2024 at 10:49 PM

Listed by: Shamim Khorsand Mashhadi, RE/MAX ESTATE PROPERTIES Phone #: (310) 577-5300

MLS: CLAW #24388113

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