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$1,025,000

Beds
3
Baths
4.0
sq ft
2,050

7553 N Ontario St, Burbank, CA 91504

7553 N Ontario St

Burbank, CA 91504

  • 438 days on market
Opportunity is Knocking!!! Seller needs to sell all 3 homes together (Separate APN Numbers). Total for all 3 homes is $3.2M. Seller built them in 2004 behind Electric Gates on Private Street. All with Granite counter tops, hardwood floors, tiled floors in Kitchen & Baths, 2 stories, double attached garages. 2 Currently Rented and one delivered Vacant (7559 Ontario). Property has a Burbank mailing address but Los Angeles utilities and services 7545 Ontario: 2,260 SF / 7,619 SF Lot (Rented $4,326) 4 Bedrooms / 4 Bath / Built 2004 7553 Ontario: 2,050 SF / 8,394 SF Lot (Rented $4,745) 3 Bedrooms / 4 Baths / Built 2004 7559 Ontario: 2,090 SF / 4,966 SF Lot (Delivered Vacant) 3 Bedrooms / 3 Baths / Built 2004 Opportunity A: Purchase all three and sell off individually. Opportunity B: Live in one home and sell two homes. Opportunity C: Live in one home and rent out two homes. Opportunity D: Rent out all 3 homes Opportunity E: Live in one home, wife in one home and kids in one home potential of the 4th home behind the gates

Details

Property type

Single Family Residence

Est. home value

$1,045,784

Lot size

8,394 sq ft

Price per sq ft

$500

Year built

2004

HOA

No

Price History

09/11/2023
CRMLS

CRMLS #BB23163146

Listed
$1,025,000

Schools & Community

Neighborhood: 

Sun Valley

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

$352,928
Asking price
$1,025,000
Closing costs (~8% of asking)
-$82,000
Est. remaining loan balance
-$590,072
Cash to seller
$352,928

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

Seller’s Loan History

Lender

Castle Mortgage Corp

Loan start date

November 2021

Original loan amount

$615,000

Est. remaining balance

$590,072

Interest rate

3.01%

Loan type

New Conventional, 40 year

Seller

1201 Victory Associates Inc

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: 11/22/2024 at 12:45 PM

Listing updated: 10/30/2024 at 12:35 PM

Listed by: Brett Howard, Howard Realty Group Phone #: (818) 355-6017

MLS: CRMLS #BB23163146

CRMLS logo

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