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$785,000

Beds
2
Baths
1.5
sq ft
1,259

6253 Hollywood Blvd Unit 506, Los Angeles, CA 90028

6253 Hollywood Blvd Unit 506

Los Angeles, CA 90028

  • 17 days on market
Step into a bygone era of Hollywood in Unit 506 at The Lofts @ Hollywood and Vine. This exceptional 2BD/2BTH loft, boasting 1,259 sq. ft., offers one of the most unique and desirable layouts in the building. Every inch has been meticulously designed to maximize space and style. From every room, take in breathtaking views of iconic Los Angeles landmarks like the Capitol Records Building, the Hollywood Sign, and Griffith Observatory. The chef's kitchen is a culinary dream, featuring professional-grade Viking stainless steel range, built-in refrigerator, dishwasher, and wine refrigerator. Custom pull-out storage solutions enhance the kitchen's functionality. The primary bedroom exudes sophistication with custom built-in storage, custom closets with interior lighting and drawers concealed behind sleek white paneled doors. The adjacent primary bathroom offers a dual vanity and a spacious walk-in shower, providing a spa-like retreat. The lower entry level is designed for both convenience and style, featuring ample storage in the entry foyer, an entertaining area, and an additional bedroom with stunning views on both sides. The unit also includes a washer and dryer and new designer lighting throughout. Experience contemporary elegance in this full-service building with a 24-hour doorman and valet. The rooftop deck provides 360-degree views, a fire-pit, and BBQ, perfect for entertaining or unwinding after a day in the city. Located adjacent to renowned spots like Katsuya, W Hotel, Pantages, Equinox, Barry's Bootcamp, and Trader Joe's, you'll have the best of Hollywood right at your doorstep. The adjacent Metro Redline ensures a swift commute to DTLA in under 15 minutes. As a Mills Act Building, this property offers significant property tax savings (63.5% or $6,023 yearly) and it's eligible for The Homerun Affordable Loan Program which allows for up to 1.5% off the interest rate and No PMI, making it not only a luxurious choice but a smart investment. Don't miss the opportunity to own a piece of Hollywood history with all the modern luxuries and conveniences you desire.

Details

Property type

Condominium

Est. home value

$800,663

Lot size

0.2893 acres

Price per sq ft

$624

Year built

1929

Monthly HOA fee

$1,392

Price History

06/13/2024
CLAW

CLAW #24403983

Listed
$785,000
+13.77%
10/21/2022
CLAW

CLAW #22190769

Sold
$690,000
+3.76%
02/27/2015
CLAW

CLAW #14797675

Sold
$665,000

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

$116,124
Asking price
$785,000
Closing costs (~8% of asking)
-$62,800
Est. remaining loan balance
-$606,076
Cash to seller
$116,124

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2022

Original loan amount

$621,000

Est. remaining balance

$606,076

Interest rate

5.78%

Loan type

New Conventional, 30 year

Seller

Frank Moreno Morales

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: 07/01/2024 at 8:55 AM

Listing updated: 06/27/2024 at 5:43 PM

Listed by: Josh Canova, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24403983

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