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$649,999

Beds
2
Baths
2.0
sq ft
1,200

6715 8th Ave, Los Angeles, CA 90043

6715 8th Ave

Los Angeles, CA 90043

  • 18 days on market
    • Price drop $50,000↓
Charming Spanish bungalow in an emerging neighborhood. Step into the charm and warmth of this well-maintained Spanish Bungalow nestled on a peaceful and neighborly street. This two-bedroom, two-bathroom home exudes character. It has been lovingly cared for, making it a perfect entry into the vibrant and growing area. As you enter, you’re greeted by a spacious formal living room that flows seamlessly into the formal dining area, featuring beautiful, laminated floors that add a touch of modern elegance to the home’s classic design. The decent-sized kitchen is a chef’s delight, offering ample wooden cabinetry, sparkling granite countertops, and plenty of space for meal preparation. A convenient laundry porch is located just off the kitchen, adding to the home’s practicality. The two comfortable bedrooms are filled with natural light, providing a cozy retreat at the end of the day. The bathrooms, while maintaining its vintage charm, is functional and ready for your personal touches. The property boasts a large fenced front yard and a huge backyard, offering endless possibilities for outdoor living. Whether you envision a lush garden, a play area for children, or a serene alfresco dining space, this backyard has the space to make your dreams a reality. The one-car garage provides additional storage and could potentially be converted into an Accessory Dwelling Unit (ADU) – a great opportunity for extra income or guest accommodation. The property also sits on a R3 zoned lot, giving endless possibilities for future development. Located centrally, this home offers easy access to the best of Los Angeles. Just minutes from the new Intuit Dome, SoFi Stadium, USC, and major shopping centers, you’ll never be far from the action. The new bike path and the K-Line, which connects to LAX and DTLA, make commuting a breeze. Don’t miss this opportunity to own a piece of history in a rapidly developing area. This charming bungalow is perfect for first-time buyers, investors, or anyone looking to enjoy the best of Southern California living. Seller will entertain rate buy-down.

Details

Property type

Single Family Residence

Est. home value

$772,935

Lot size

3,876 sq ft

Price per sq ft

$542

Year built

1929

Price History

09/13/2024
CRMLS

CRMLS #GD24181226

Price change
$649,999
-7.14%
09/01/2024
CRMLS

CRMLS #GD24181226

Listed
$699,999
+5.1%
05/24/2022
CLAW

CLAW #21114015

Sold
$666,000
+77.6%

Schools & Community

Neighborhood: 

Hyde Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Los Angeles Unified

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

-$16,459
Asking price
$649,999
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$614,458
Cash to seller
-$16,459

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

Seller’s Loan History

Lender

Home Point Financial Corporation

Loan start date

April 2022

Original loan amount

$642,690

Est. remaining balance

$614,458

Interest rate

3.76%

Loan type

FHA, 30 year

Seller

Shreyas E Mukunda and Sulaksha Subray Valvoikar

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 2:15 PM

Listing updated: 09/12/2024 at 7:40 PM

Listed by: Levon Arzumanyan, The Agency - Studio City Phone #: (747) 977-3250

MLS: CRMLS #GD24181226

CRMLS logo

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