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$890,000

Beds
3
Baths
3.0
sq ft
1,410

702 S Serrano Ave Unit 204, Los Angeles, CA 90005

702 S Serrano Ave Unit 204

Los Angeles, CA 90005

  • 3 days on market
Amazing opportunity to own Luxury Condominium located in the heart of Koreatown. This spacious unit comes with three bedrooms, two and a half bathrooms and two tandem parkings. Each room has its own walk-in closet. Washer and dryer installed in 3rd bathroom. Marble and hardwood flooring. Master bedroom and 3rd bedroom are attached and the 2nd bedroom is aparted over the living room. Best location, walking distance to Target, Starbucks, Aroma Golf range, and more. The building amenities included top floor sun deck, fitness room, and movie theater. The condo is one of the few reinforced steel concrete buildings in Los Angeles.

Details

Property type

Condominium

Est. home value

$884,943

Lot size

0.3257 acres

Price per sq ft

$632

Year built

2007

Monthly HOA fee

$750

Price History

06/28/2024
CLAW

CLAW #24409427

Listed
$890,000
+5.33%
05/24/2021
CRMLS

CRMLS #PW20233951

Sold
$845,000
+19.01%
05/13/2015
CLAW

CLAW #14809619

Sold
$710,000

Schools & Community

Neighborhood: 

Koreatown

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

$352,853
Asking price
$890,000
Closing costs (~8% of asking)
-$71,200
Est. remaining loan balance
-$465,947
Cash to seller
$352,853

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

Seller’s Loan History

Lender

Nmsi Inc

Loan start date

April 2021

Original loan amount

$500,000

Est. remaining balance

$465,947

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Joseph Chun

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 9:55 AM

Listing updated: 06/28/2024 at 12:38 PM

Listed by: Anna Kim, Keller Williams Larchmont Phone #: (323) 762-2600

MLS: CLAW #24409427

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