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$2,147,500

Beds
11
sq ft
4,429

603 W 47th St, Los Angeles, CA 90037

603 W 47th St

Los Angeles, CA 90037

  • 225 days on market
    • Price drop $2,500↓
Lucrative four-unit property with market rents, this charming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been completely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports, and open parking spaces to accommodate tenants comfortably. Comprising (2) 2-bedroom, 2-bathroom units, (1) 4-bedroom, 2-bathroom unit, and (1) 3-bedroom, 2-bathroom unit, each residence features open layouts with spacious kitchens and islands, perfect for modern living. Centrally located near public transportation and local freeways, this property is within minutes of USC University, the New Banc of California Stadium, Crypto.com Arena, and vibrant DTLA. Whether you're a seasoned investor or new to the market, this is an exceptional opportunity not to be missed. Reach out today for more details and secure your investment in this highly sought-after property!

Details

Property type

Est. home value

$952,792

Lot size

8,276 sq ft

Price per sq ft

$485

Year built

1924

HOA

No

Price History

09/19/2024
CLAW

CLAW #24356505

Price change
$2,147,500
-0.12%
06/15/2024
CLAW

CLAW #24356505

Price change
$2,150,000
-4.44%
03/01/2024
CLAW

CLAW #24356505

Price change
$2,250,000
-2.17%

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$811,270
Asking price
$2,147,500
Closing costs (~8% of asking)
-$171,800
Est. remaining loan balance
-$1,164,430
Cash to seller
$811,270

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

Seller’s Loan History

Lender

Oaktree Funding Corp

Loan start date

April 2022

Original loan amount

$1,196,000

Est. remaining balance

$1,164,430

Interest rate

3.89%

Loan type

New Conventional, 40 year

Seller

Moises Brena and Sofia A Ponce

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 5:40 AM

Listing updated: 09/19/2024 at 4:09 PM

Listed by: Walter Castillo, Coldwell Banker Realty Phone #: (323) 464-9272

MLS: CLAW #24356505

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