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$1,299,000

Beds
7
sq ft
2,550

928 S Record Ave, Los Angeles, CA 90023

928 S Record Ave

Los Angeles, CA 90023

  • 33 days on market
We are pleased to present a three (3) unit apartment building located in Los Angeles, California. The subject property is situated in a good East Los Angeles location, south of Whittier Boulevard and west of S Downey Road. Built in 1956, this property consists of an ideal unit mix of two (2) two-bedroom / one-bathroom units, and one (1) three-bedroom / one-bathroom house. All of the units have been recently renovated with hardwood flooring, new countertops, appliances, and in-unit washer and dryer machines. The two-bedroom units also feature a spacious den. The property is also gated and secure. The property is equipped with three (3) on-site parking spaces including two (2) garage spaces that can potentially be converted into multiple ADU units. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as Lupe's Burritos, Regency Commerce, Pacific French Bakery, Nike Community Store, and Salazar Park. Positioned in a good East Los Angeles Location, this offering presents an exceptional opportunity for an investor to capitalize on a triplex with incredible initial cash flow and qualifies for 30-year fixed residential financing.

Details

Property type

Est. home value

$816,978

Property condition

Updated/Remodeled

Lot size

7,200 sq ft

Price per sq ft

$510

Year built

1956

HOA

No

Price History

10/17/2024
CLAW

CLAW #24454143

Listed
$1,299,000
+69.8%
02/24/2023
CRMLS

CRMLS #CV22202492

Sold
$765,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$344,257
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$850,823
Cash to seller
$344,257

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

Seller’s Loan History

Lender

Churchill Funding I Llc

Loan start date

July 2023

Original loan amount

$862,500

Est. remaining balance

$850,823

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

928 Record Llc

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: 11/20/2024 at 4:25 AM

Listing updated: 10/25/2024 at 5:20 AM

Listed by: Jason Tuvia, Marcus & Millichap Phone #: (818) 212-2700

MLS: CLAW #24454143

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