tomo logo

$888,888

Beds
14
Baths
4.0
sq ft
4,000

6524 S Central Ave, Los Angeles, CA 90001

6524 S Central Ave

Los Angeles, CA 90001

  • 402 days on market
***DO NOT GO DIRECT, DO NOT DISTURB TENANTS*** ................................................................................................................................................................................................................... Welcome to 6524 S Central, a value add deal in the up and coming community of Florence - Firestone. This property has a total of 11 existing units (9 upstairs and 2 downstairs). According to Planning department this small lot has very high density and can go up to 14 units. There are multiple metered utilities which will allow the owner to separately charge for those services. Florence - Firestone is a TOD Transit Oriented District Specific Plan that was adopted on 09.03.2019. There may also be funds available through the Los Angeles County Development Authority (LACDA) by way of Notice of Funding Availability (NOFA) to fund substantial rehabilitation of affordable housing in exchange for favorable loan terms through this program. There will be much development here over the next few years which may bring values significantly higher. Buyer and/or buyer's agent to do all inspections and verify all information regarding listing. Private financing available. No information is guaranteed or warranty by listing agent or seller.

Details

Property type

Condominium

Est. home value

$700,636

Lot size

4,043 sq ft

Price per sq ft

$223

Year built

1936

Price History

08/14/2023
CRMLS

CRMLS #SR23150953

Listed
$888,888
+100.65%
11/25/2015
CRMLS

CRMLS #WS15172475

Sold
$443,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Los Angeles Unified

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

Recovo Mortgage Management Llc

Loan start date

October 2019

Original loan amount

$436,000

Est. remaining balance

Not provided

Interest rate

7.31%

Loan type

New Conventional, 41 year

Seller

Eleazar Becerra and Emily Vonmolt

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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Status: Active

Tomo last checked: 09/19/2024 at 3:10 PM

Listing updated: 02/02/2024 at 10:43 AM

Listed by: Andy Aguilar, American Real Estate Experts Phone #: (818) 492-4781

MLS: CRMLS #SR23150953

CRMLS logo

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