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$899,000

Beds
7
sq ft
2,286

6119 11th Ave, Los Angeles, CA 90043

6119 11th Ave

Los Angeles, CA 90043

  • 95 days on market
    • Price drop $50,000↓
Great opportunity to develop this property, continue to rent it out or turn it into a family compound. ED1 Eligible and for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions. (See Docs) The property consists of 3 buildings. The addresses are 6119, 6119 1/4, 6119 1/2, 6119 3/4. Originally 6119 was converted from a 2 bedroom /1 bath to a 1 bedroom /1 bath plus an ADU addressed 6119 1/4 that is also a 1 bedroom /1 bath. Permits were pulled for the conversion but no final was done so a certificate of occupancy has not yet been issued. 6119 1/2 is a 2 bedroom / 1 bath unit. 6119 and 6119 1/4 are rented out month to month. 6119 3/4 is a 1 bedroom / 1 bath unit above the garage that was converted into 3 bedrooms and 1 bath and it is being rented out on Airbnb as a 30day + rental.The garage spaces below 6119 3/4 are being used as storage.

Details

Property type

Est. home value

$933,812

Lot size

7,584 sq ft

Price per sq ft

$394

Year built

1936

HOA

No

Price History

09/10/2024
CLAW

CLAW #24404583

Price change
$899,000
-5.27%
07/15/2024
CLAW

CLAW #24404583

Price change
$949,000
-7.41%
06/16/2024
CLAW

CLAW #24404583

Listed
$1,025,000

Schools & Community

Neighborhood: 

Hyde Park

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

Home Equity Mortgage

Loan start date

December 2021

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

2.98%

Loan type

Commercial, 30 year

Seller

Bruce E 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: 09/20/2024 at 8:05 PM

Listing updated: 09/18/2024 at 3:59 PM

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

MLS: CLAW #24404583

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