tomo logo

$1,290,000

Beds
4
sq ft
1,772

965 Dewey Ave, Los Angeles, CA 90006

965 Dewey Ave

Los Angeles, CA 90006

  • 31 days on market
Non-Entitled R4-1 Zoning in the heart of highly desired prime Koreatown location. Multiple new constructions underway around this subNon-Entitled R4-1 Zoning in the heart of highly desired prime Koreatown location. Multiple new constructions underway around this subject property. 2 separate units (Both 2 beds + 1 bath) 965 Dewey (front unit) - 1100 living sf and 967 Dewey (back unit) - 672 living sf. Great potential for development opportunity or perfect for an owner use!! Buyer/Agent is advised to independently investigate and verify accuracy of property information with appropriate professionals. Designated 100% Low Income Units may possibly be built. Option A: 4 Story 46 Unit Apartments or Option B: 5 Story 59 Unit Apartments. Looking for a qualified investor!

Details

Property type

Est. home value

$1,268,442

Lot size

5,915 sq ft

Price per sq ft

$728

Year built

1923

HOA

No

Price History

11/21/2024
CLAW

CLAW #24465801

Listed
$1,290,000
+2.38%
03/01/2024
CLAW

CLAW #23319571

Removed
$1,260,000
12/30/2023
CLAW

CLAW #23319571

Listed
$1,260,000
-9.87%

Schools & Community

Neighborhood: 

Koreatown

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

$487,247
Asking price
$1,290,000
Closing costs (~8% of asking)
-$103,200
Est. remaining loan balance
-$699,553
Cash to seller
$487,247

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

Seller’s Loan History

Lender

Nmsi Inc

Loan start date

December 2017

Original loan amount

$814,000

Est. remaining balance

$699,553

Interest rate

3.94%

Loan type

New Conventional, 30 year

Seller

Yaenjin Lee and Ho Lee

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: 12/22/2024 at 11:35 PM

Listing updated: 12/10/2024 at 10:10 AM

Listed by: Hikari Eguma, GAIA Phone #: (310) 779-8213

MLS: CLAW #24465801

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