tomo logo

$1,850,000

Beds
8
sq ft
4,886

622 N Genesee Ave, Los Angeles, CA 90036

622 N Genesee Ave

Los Angeles, CA 90036

  • 33 days on market
This charming fourplex is close to all of the best food and entertainment Los Angeles has to offer. Built in 1926, this old Hollywood character building is comprised of two (2) two-bedroom/one-and-one-half-bathroom units (upper) and two (2) two- bedroom/one-bathroom units (lower). The property offers a single garage for each tenant and in-unit washers and dryers in each unit. All tenants are month to month with below market rents. Rent roll is as follows: Unit 622 - $2,108/month, unit 622.5 - $2,250, unit 624, $2,042/month, unit 624.5 $2,672/month.

Details

Property type

Lot size

6,357 sq ft

Price per sq ft

$379

Year built

1926

HOA

No

Price History

11/19/2024
CLAW

CLAW #24465325

Listed
$1,850,000
-6.57%
03/20/2024
CLAW

CLAW #23284263

Removed
$1,980,000
12/15/2023
CLAW

CLAW #23284263

Listed
$1,980,000

Schools & Community

Neighborhood: 

Mid City West

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

$1,403,104
Asking price
$1,850,000
Closing costs (~8% of asking)
-$148,000
Est. remaining loan balance
-$298,896
Cash to seller
$1,403,104

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

Seller’s Loan History

Lender

Impac Funding Corp

Loan start date

August 2004

Original loan amount

$560,000

Est. remaining balance

$298,896

Interest rate

6.21%

Loan type

Not Provided, 30 year

Seller

Michael Len and Chana Len

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: 12/23/2024 at 12:00 AM

Listing updated: 12/04/2024 at 9:40 PM

Listed by: Dan Steinberg, Compass Phone #: (818) 462-5799

MLS: CLAW #24465325

CLAW logo

Recently listed in Los Angeles

$999,900|3 bd|2.0 ba|House
$1,250,000|4 bd|3.5 ba|House
$775,000|2 bd|2.25 ba|Townhouse
$649,999|3 bd|2.0 ba|House

Explore top cities in California