tomo logo

$465,000

Beds
1
Baths
1.0
sq ft
960

746 S Los Angeles St Unit 304, Los Angeles, CA 90014

746 S Los Angeles St Unit 304

Los Angeles, CA 90014

  • 41 days on market
Large Live/Work "MILLS ACT" Loft in DTLA's Iconic Cornell Building, proudly sitting in the midst of The Fashion Districts "Santee Village". Unlike many other Cornell Lofts, unit #304 is significantly larger boasting just under 1,000sf of wide open urban downtown loft living, featuring11' high ceilings, original concrete floors, custom closets, floor-to-ceiling original factory windows making this downtown loft bright and airy without baking in the summer sun. A large bathroom with soaking tub. The Cornell is approved and receives the highly sought after "Mills Act" providing up to 70% off it's annual property tax savings. This space offers an impressive kitchen with gas range, European flat panel cabinets, smoked glass backsplash, Bosch stainless steel appliance package, Central HVAC, in unit washer/dryer and parking (located just a short block away via walk/shuttle in the Maple St Garage). An outdoor rooftop bonus space great for plants or a mini-garden (check with HOA for usage)! Santee Village's renowned rooftop amenity package includes: pool/spa/hot tub sundeck, basketball court, driving range, rooftop fire pit lounge and BBQ area. Stop the gym membership and workout in Santee Village's large, complete fitness center and enjoy the complexes popular "Santee Village Market" for a quick convenient store run. Keep the car parked while enjoying everything DTLA has to offer, public transportation, shopping, bars and restaurants. From The Row to The Crypt and everything in between!

Details

Property type

Condominium

Est. home value

$483,321

Lot size

0.8797 acres

Price per sq ft

$485

Year built

1922

Monthly HOA fee

$930.05

Price History

10/11/2024
CLAW

CLAW #24447379

Listed
$465,000
-4.12%
04/06/2022
CLAW

CLAW #21101959

Sold
$485,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$85,125
Asking price
$465,000
Closing costs (~8% of asking)
-$37,200
Est. remaining loan balance
-$342,675
Cash to seller
$85,125

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

February 2022

Original loan amount

$363,750

Est. remaining balance

$342,675

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Linda Xuan Le and Carlos Perez

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: 11/21/2024 at 7:45 PM

Listing updated: 11/01/2024 at 8:50 AM

Listed by: Randelle Green, Compass Phone #: (818) 783-7721

MLS: CLAW #24447379

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