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$999,999

Beds
4
Baths
2.0
sq ft
1,500

6764 N Figueroa St, Los Angeles, CA 90042

6764 N Figueroa St

Los Angeles, CA 90042

  • 4 days on market
Welcome to your ideal House Hacking or investment opportunity nestled between the vibrant communities of Highland Park and Eagle Rock. This charming Spanish duplex, on the border of two of Los Angeles's hottest neighborhoods, offers a perfect blend of comfort, convenience, and income potential. Enjoy modern comforts and conveniences including an updated kitchen, a new bathroom with handmade wood barn doors, and original oak hardwood floors restored to their former glory. Additional features include a brand new HVAC system with a Nest Thermostat, custom shelving in the walk-in closet, updated electrical and plumbing, new lighting fixtures, doors, plus all new energy-efficient windows in both units. Spend leisurely afternoons in the beautifully landscaped backyard, featuring a patio perfect for entertaining, native plants, lush grass, a deck with views of the local hills, and a thriving Meyer lemon tree. The home includes a 2-car garage with an additional side storage room, plus ample storage space is available in the attic, spanning the entire building via new drop down ladder. The left unit, or owner’s unit with exclusive access to the backyard will be delivered vacant, providing an opportunity for the new owner to move right in. Meanwhile, the right unit boasts a steady long-term tenant offering immediate supplemental income. There is also the potential to build an additional ADU in the spacious backyard, further enhancing rental income opportunities (please confirm with city). Enjoy easy access to York Blvd and Figueroa home to some of the best restaurants, cafes, and shops that NELA has to offer. With proximity to DTLA, Eagle Rock, Burbank Studios, and Old Town Pasadena, residents are perfectly positioned to explore all that Los Angeles has to offer. Experience the best of Eastside lifestyle combined with significant appreciation potential and supplemental rental income, making this property an exceptional investment opportunity in today's market. Whether you're seeking a comfortable residence with income potential or an investment property in a desirable location, this Highland Park/Eagle Rock duplex offers the best of both worlds. Priced at just $999,999 this move-in ready gem presents an incredible opportunity to own a piece of Eastside charm with limitless potential.

Details

Property type

Single Family Residence

Est. home value

$1,123,224

Lot size

4,499 sq ft

Price per sq ft

$667

Year built

1951

Price History

06/27/2024
CRMLS

CRMLS #SB24130805

Listed
$999,999

Schools & Community

Neighborhood: 

Highland Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Golf, Street Lights, Suburban, Sidewalks, Park

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

$572,708
Asking price
$999,999
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$347,291
Cash to seller
$572,708

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

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

April 2015

Original loan amount

$432,000

Est. remaining balance

$347,291

Interest rate

3.8%

Loan type

New Conventional, 30 year

Seller

Evan Zeller

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: 07/01/2024 at 8:05 AM

Listing updated: 06/30/2024 at 5:33 PM

Listed by: Matthew Boelk, Vista Sotheby’s International Realty Phone #: (310) 546-7611

MLS: CRMLS #SB24130805

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