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$1,099,000

Beds
5
sq ft
2,821

862 W 41st St, Los Angeles, CA 90037

862 W 41st St

Los Angeles, CA 90037

  • 36 days on market
Attention INVESTORS! Presenting a fantastic opportunity with this fully move-in-ready triplex, perfectly positioned for rental income potential. This property features two spacious 2-bedroom, 1-bath units, both vacant and ready for immediate occupancy. The third unit is a cozy 1-bedroom, 1-bath, currently tenant-occupied, providing a steady income stream. The exterior has been beautifully updated, boasting fresh paint, refurbished detailing, and new vinyl double-paned windows for energy efficiency. Additionally, the property includes a four-car garage with one-car spaces, plus a long driveway and ample extra parking space. Located in a highly desirable area, just minutes from BMO Stadium, the Coliseum, Natural History Museum, USC, and easy access to the 110 freeway. The property is also near LAUSD schools, shopping centers, car dealerships, and only 7 minutes from Downtown Los Angeles. Don't miss this prime investment opportunity in one of LA's most vibrant neighborhoods!

Details

Property type

Est. home value

$486,016

Lot size

5,841 sq ft

Price per sq ft

$390

Year built

1938

HOA

No

Price History

11/14/2024
CLAW

CLAW #24463855

Listed
$1,099,000
+12.72%
11/13/2024
CRMLS

CRMLS #RS24180661

Removed
$975,000
10/03/2024
CRMLS

CRMLS #RS24180661

Price change
$975,000
-11.28%

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$930,964
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$80,116
Cash to seller
$930,964

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

Seller’s Loan History

Lender

Lexxel Funding Corp

Loan start date

August 2022

Original loan amount

$302,250

Est. remaining balance

$80,116

Interest rate

5.3%

Loan type

New Conventional, 3 year

Seller

Mayra Alejandrina Esquivel

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: 12/23/2024 at 3:15 AM

Listing updated: 12/21/2024 at 11:00 AM

Listed by: Michelle Navarrete Vargas, Realty ONE Group United Phone #: (310) 948-0404

MLS: CLAW #24463855

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