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$749,500

Beds
6
sq ft
2,516

857 W 85th St, Los Angeles, CA 90044

857 W 85th St

Los Angeles, CA 90044

  • 50 days on market
    • Price drop $25,500↓
Exceptional Investment Opportunity! Don't miss this rare, fully-occupied triplex on a generous 9,115 sq. ft. lot in a sought-after, high-demand rental area, just minutes from the Forum and SoFi Stadium. With the Clippers' new arena currently under construction nearby, this property is perfectly positioned for future growth! Property is being sold as-is, with buyers advised to independently verify all information. Act fast this incredible opportunity won't last!

Details

Property type

Est. home value

$737,940

Lot size

9,115 sq ft

Price per sq ft

$298

Year built

1926

HOA

No

Price History

12/24/2024
CLAW

CLAW #24460579

Price change
$749,500
-3.29%
11/05/2024
CLAW

CLAW #24460579

Listed
$775,000
-3.06%
09/25/2024
CLAW

CLAW #23338677

Removed
$799,500

Schools & Community

Neighborhood: 

South Los Angeles

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

$277,723
Asking price
$749,500
Closing costs (~8% of asking)
-$59,960
Est. remaining loan balance
-$411,817
Cash to seller
$277,723

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

Seller’s Loan History

Lender

Fundloans Capital

Loan start date

September 2020

Original loan amount

$455,000

Est. remaining balance

$411,817

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Deborah Ai Fang Wang

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: 12/25/2024 at 11:30 AM

Listing updated: 12/24/2024 at 9:20 AM

Listed by: John C. Pak, Philco Realty Phone #: (213) 219-7676

MLS: CLAW #24460579

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