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$1,550,000

Beds
4
Baths
2.0
sq ft
1,512

6021 Romaine St, Los Angeles, CA 90038

6021 Romaine St

Los Angeles, CA 90038

  • 658 days on market
    • Price drop $250,000↓
An opportunity awaits in Hollywood......featuring this stunning duplex. The LAR3 zoned duplex gives an owner user, investor, or developer an opportunity to build. The almost 6,000 sq foot lot gives many options to the buyer. This property can generate income in a desirable area. The duplex is 2 detached units on one lot. The property is ready to move in and is fully vacate. The duplex has hardwood floors throughout the home. There is an abundance of outdoor space. Each unit consists of 2 cozy bed rooms & 1 full bathroom. There is minimal landscaping and averages low maintenance cost.

Details

Property type

Single Family Residence

Est. home value

$1,546,005

Lot size

5,858 sq ft

Price per sq ft

$1,026

Year built

1915

Price History

01/12/2023
CLAW

CLAW #22221519

Listed
$1,550,000

Schools & Community

Neighborhood: 

Hollywood

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

$1,074,715
Asking price
$1,550,000
Closing costs (~8% of asking)
-$124,000
Est. remaining loan balance
-$351,285
Cash to seller
$1,074,715

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2021

Original loan amount

$378,352

Est. remaining balance

$351,285

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Olivia Raya Raya and Daniel Raya Corpuz

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
CRMLS
$1,499,000
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1230 N Mariposa Ave, Los Angeles, CA 90029

Status: Active

Tomo last checked: 09/18/2024 at 7:00 PM

Listing updated: 02/16/2024 at 10:14 AM

Listed by: Kirby Gillon, Compass Phone #: (310) 893-8300

MLS: CLAW #22221519

CLAW logo

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