Laura Jewett

Laura Jewett

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Closed

$1,050,000

($464,039 down)
FHA

1102 W 18th Street, Los Angeles, CA 90015

8
4
3,784 sqft
PITI Monthly
$4,997.65 /mo

Listing courtesy of: Ritu Ahmed, Keller Williams SELA

Assumed Rate

3.88%
7.15%

Principal & Interest

$3,205 /mo
$4,601 /mo

What's Special

Seize this exceptional opportunity to own a 4-unit investment property in the dynamic core of Los Angeles! Each unit is thoughtfully designed & features 2 generously sized bedrooms and 1 bathroom, providing tenants with comfortable living. With plenty of parking and a fantastic price point, this property is poised to sell quickly. Whether you're looking to expand your portfolio or become a first-time investor, this is your chance to become a part of LA's thriving real estate market! Located just minutes from premier destinations such as the LA Convention Center, Crypto.com Arena, LA Live, Koreatown, USC, Downtown LA, and access to major freeways....this quadplex offers convenience and allure to prospective tenants. Priced competitively for immediate interest, this is a unparalleled chance to acquire prime piece of real estate and establish yourself as a discerning investor in one of LA's most thriving neighborhoods. Don't let this property pass you by!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.88
Remaining Loan Term
22 years, 7 months
Monthly PITI
$4,997.65/mo
Estimated Loan Balance
$744,086
Cash to close
$464,039
Interest Paid
$182,067

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 8
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Unknown
  • Heating: Unknown
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: Quadruplex
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1920
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: StreetLights, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Los Angeles

Financial Details

  • Price per Sqft: $277.48
  • Tax Annual Amount: $13125
  • On Market Date: 2024-09-27T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $464,039 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$

You cover the entire equity of $464,039!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.88% Sellers Rate
$585,961
Your Cash$464,039
Total Purchase Price:$1,050,000

Assumed vs Traditional Mortgage

Assumed @ 3.88%
$3,205/mo
Traditional @ 7.5%
$4,773/mo
You save $1,567/month ($18,808/year)

*Secondary financing rates are an estimated value based on input

MLS ID: DW24197767

Listing From:

Last updated: 2025-01-14T01:00:11.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.88%
7.15%

Principal & Interest

$3,205 /mo
$4,601 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $464,039 (44%)
You can enter any amount below - secondary financing will cover the difference if needed.
44%
$

You cover the entire equity of $464,039!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.88% Sellers Rate
$585,961
Your Cash$464,039
Total Purchase Price:$1,050,000

Assumed vs Traditional Mortgage

Assumed @ 3.88%
$3,205/mo
Traditional @ 7.5%
$4,773/mo
You save $1,567/month ($18,808/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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