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$2,300,000

Beds
10
Baths
8.0
sq ft
2,686

7520 Norton Ave, West Hollywood, CA 90046

7520 Norton Ave

West Hollywood, CA 90046

  • 77 days on market
West Hollywood Multi Unit Opportunity! This phenomenal gem is located just 10 minutes from Sunset Blvd and 15 minutes from Beverly & Hollywood Hills. This Special investment property has 5 individual units, yes that's right, 5! All units are equipped with kitchens and a family/ living space. Be ready to fall in love with the community courtyard, a shared space all tenants can gather and enjoy their free time. This shared courtyard is unique and adorned with an outdoor bar & seating area. Plenty of privacy from any neighbors and cozy enough to make you want to take a seat and relax. First unit is a duplex that has a 2 bed 1 bath on each side. Back unit on the left is a 4 bedroom and 4 bathroom. Back Unit on the right is another Duplex (2stories) 1 bedroom and 1 bathroom on each level. The owner is currently renting out the units on a short term lease and individual room basis. Title shows4plex or quadraplex. 5th unit may be nonconforming or unpermitted. Buyer to verify.

Details

Property type

Single Family Residence

Est. home value

$592,453

Lot size

6,500 sq ft

Price per sq ft

$857

Year built

1937

Price History

09/06/2024
CRMLS

CRMLS #SR24184798

Listed
$2,300,000

Schools & Community

Neighborhood: 

SoFo

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

$2,107,948
Asking price
$2,300,000
Closing costs (~8% of asking)
-$184,000
Est. remaining loan balance
-$8,052
Cash to seller
$2,107,948

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

Seller’s Loan History

Lender

Medallion Mortgage

Loan start date

September 1995

Original loan amount

$116,000

Est. remaining balance

$8,052

Interest rate

7.79%

Loan type

Not Provided, 30 year

Seller

Tatiana Ambarova

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: 11/21/2024 at 10:15 PM

Listing updated: 10/07/2024 at 1:11 AM

Listed by: Thomas Paulauskas, Keller Williams Realty Antelope Valley Phone #: (661) 538-2800

MLS: CRMLS #SR24184798

CRMLS logo