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$1,295,000

Beds
3
Baths
2.0
sq ft
1,440

947 Farnam St, Los Angeles, CA 90042

947 Farnam St

Los Angeles, CA 90042

  • <1 day on market
    • Open house Feb 08
More photos will be available on 2/6/25. Meticulously maintained Highland Park compound surrounded by greenery - ideal for buyers seeking a private nature refuge in the heart of the city with a fully functioning Airbnb on property. Located on a quiet, tree-lined street, the property features two structures: a 915 sq. ft. 2 bedroom, 1 bathroom main home with a 380 sq. ft. 1 bedroom, 1 bathroom lower space, as well as a separate back structure which is a 145 sq ft. office/studio, two outdoor patios, one-car garage, and substantial storage area. The light-filled main house sits behind a grassy, hedged front yard, and raised from the street, totally private with peekaboo city views. The 2 bed, 1 bath home features a spacious living room, dining room, chef's kitchen with Moroccan tile backsplash and butcher block countertops, and laundry room. The home is replete with beautiful details, including hardwood floors throughout, built-in cabinetry, and windows overlooking the surrounding greenery. Below is a bonus space currently operating as an Airbnb completely separate from the main living space with a living room, bedroom, bathroom, and a large additional storage space - perfect for guests or a quiet, work-at-home haven. Through the back door you will find a center courtyard with a pergola - ideal for entertaining al fresco, or playing a round of pool - sitting next to the back office. Audio specific insulation between the bottom and top floor to help with sound proofing and new insulation in the attic. Walk past your garden into the gated, flat backyard with drought-tolerant grass, enormous eucalyptus tree, corner seating area, and a second covered open air workshop, ready for all projects. A newly added gazebo and hot tub add an additional space to relax in this peaceful oasis. The long driveway leads to a one-car garage, and several additional cars can fit tandem. Recent upgrades include: new HVAC system, central A/C, foundation bolting and retrofitting, new exterior siding and railing, and new triple pane windows, gazebo and hot tub, new water heater, and new dishwasher. Property features aspirational California native plants, including Elderberry, Toyon, Mountain Mahogany, Big Berry Manzanita, and White Sage. Fruit trees include year-round key limes, peach, and jujube. Walkable to York Park, Cleland Park, and York Boulevard's best bars, shops, and restaurants, this home is a must see!

Details

Property type

Single Family Residence

Est. home value

$1,383,028

Lot size

6,067 sq ft

Price per sq ft

$900

Year built

1924

HOA

No

Price History

02/04/2025
CRMLS

CRMLS #OC25025120

Listed
$1,295,000
+6.15%
12/16/2022
CLAW

CLAW #22175509

Sold
$1,220,000
+171.11%
07/01/2014
CLAW

CLAW #14760339

Sold
$450,000

Schools & Community

Neighborhood: 

Highland Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, 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

$158,873
Asking price
$1,295,000
Closing costs (~8% of asking)
-$103,600
Est. remaining loan balance
-$1,032,527
Cash to seller
$158,873

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

Seller’s Loan History

Lender

The Turnkey Foundation Inc

Loan start date

July 2022

Original loan amount

$1,073,000

Est. remaining balance

$1,032,527

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Hayley Wolf and Isaiah Joshua Islas

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: 02/05/2025 at 12:40 AM

Listing updated: 02/04/2025 at 7:19 PM

Listed by: Ryan Henderson, Blue Pacific Property Phone #: (714) 505-6200

MLS: CRMLS #OC25025120

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