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$1,159,000

Beds
6
sq ft
2,464

665 S Chicago St, Los Angeles, CA 90023

665 S Chicago St

Los Angeles, CA 90023

  • 29 days on market
    • Price drop $36,000↓
Turnkey investment property in hip and rapidly gentrifying Boyle Heights! Walking distance to Hollenbeck park and blocks from the brand new 6th street viaduct going straight into Downtown LA this location is unbeatable. The freshly rehabbed property features two light and very spacious three bedroom units with off street parking and a large detached garage perfect for ADU conversion. One unit is vacant the other leased for $2400. Perfect for FHA, VA, or owner users who want some help paying the mortgage. Outstanding investment.

Details

Property type

Est. home value

$811,641

Lot size

4,142 sq ft

Price per sq ft

$471

Year built

1915

HOA

No

Price History

06/27/2024
CLAW

CLAW #24397687

Price change
$1,159,000
-3.01%
06/02/2024
CLAW

CLAW #24397687

Listed
$1,195,000
+53.21%
12/27/2023
CLAW

CLAW #23318693

Sold
$780,000

Schools & Community

Neighborhood: 

Boyle Heights

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

$274,659
Asking price
$1,159,000
Closing costs (~8% of asking)
-$92,720
Est. remaining loan balance
-$791,621
Cash to seller
$274,659

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

November 2023

Original loan amount

$796,770

Est. remaining balance

$791,621

Interest rate

7.18%

Loan type

VA, 30 year

Seller

Michael Lioy

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 6:23 AM

Listed by: Sky Minor, Sky Minor, Broker Phone #: (310) 709-8283

MLS: CLAW #24397687

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