tomo logo

$599,900

Beds
2
Baths
3.0
sq ft
1,498

880 W 1st St Unit 317, Los Angeles, CA 90012

880 W 1st St Unit 317

Los Angeles, CA 90012

  • 9 days on market
Explore this unique and spacious 2-story townhome-style condo in Downtown's Promenade West, a rare find. With two levels, it combines privacy with ample living space. The ground floor features a cozy kitchen, dining, living area, bathroom, and a large patio ideal for gatherings. The second floor offers two bedrooms, enhancing the home with plantation shutters and recessed lighting for a welcoming vibe. Strategically located near freeways (110, 101, 5, and 10), access to city highlights is a breeze. Enjoy amenities like 24-hour security, pool, spa, fitness center, sauna, BBQ, fire pits, gardens, and guest parking. Just moments from Downtown LA's attractions such as the Disney Concert Hall, The Grand, and Little Tokyo, this property offers the best of urban living. Seize this exceptional opportunity to own a piece of Downtown LA. A must-see!

Details

Property type

Condominium

Est. home value

$700,945

Lot size

2.8451 acres

Price per sq ft

$401

Year built

1982

Monthly HOA fee

$1,356

Price History

06/20/2024
CLAW

CLAW #24363761

Removed
$619,000
+3.18%
06/20/2024
CRMLS

CRMLS #SR24124677

Listed
$599,900
-3.09%
05/16/2024
CLAW

CLAW #24363761

Price change
$619,000
-1.43%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

Los Angeles Unified

Number of units in community: 

135

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

$398,094
Asking price
$599,900
Closing costs (~8% of asking)
-$47,992
Est. remaining loan balance
-$153,814
Cash to seller
$398,094

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

October 2021

Original loan amount

$182,000

Est. remaining balance

$153,814

Interest rate

2.17%

Loan type

New Conventional, 15 year

Seller

Seugn Kim

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: 06/29/2024 at 7:10 AM

Listing updated: 06/21/2024 at 6:47 AM

Listed by: Seung Soo "Eric" Min, Dream Realty & Investments, Inc. Phone #: (213) 380-8949

MLS: CRMLS #SR24124677

CRMLS logo

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