Laura Jewett

Laura Jewett

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$900,000

($219,344 down)
FHA

2024 W Florence Avenue, Los Angeles, CA 90047

3
3
2,091 sqft
PITI Monthly
$4,769.29 /mo

Listing courtesy of: Shea Nelson, Watkins Realty & Investments

Assumed Rate

3.07%
7.15%

Principal & Interest

$3,099 /mo
$4,921 /mo

What's Special

PUBLIC TRANSPORTATION

We are excited to offer this three unit income property for sale listed at $900,000. The property consists of two one bedroom one bath units and one two bedroom one bath unit and offers the opportunity to own a property with its own private entrance making this an unique gem. Don't miss this rare opportunity. The investment is a great opportunity to produce long term cash flow and possible future developments. The property is in close proximity to public transportation and near by 110, 10, 105, 5 and 60 freeways. Properties is being sold as is. Owner pays water and trash. There is no sign on the property. Tenants are unaware of the sale please do not disturb tenants. Interior inspection of units only upon accepted offer.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 10 months
Monthly PITI
$4,769.29/mo
Estimated Loan Balance
$683,362
Cash to close
$219,344
Interest Paid
$68,534

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Unknown
  • Heating: WallFurnace
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Wood

Exterior

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

Construction

Type & Style
  • Stories: 1
  • Home type:
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1950
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Los Angeles

Financial Details

  • Price per Sqft: $430.42
  • Tax Annual Amount: $11250
  • On Market Date: 2025-01-27T00:00:00.000Z
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 $219,344 (24%)
You can enter any amount below - secondary financing will cover the difference if needed.
24%
$

You cover the entire equity of $219,344!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$680,656
Your Cash$219,344
Total Purchase Price:$900,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$3,099/mo
Traditional @ 7.5%
$5,104/mo
You save $2,005/month ($24,059/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 25489427

Listing From:

Last updated: 2025-02-14T02:13:17.000Z

© , 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

3.07%
7.15%

Principal & Interest

$3,099 /mo
$4,921 /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 $219,344 (24%)
You can enter any amount below - secondary financing will cover the difference if needed.
24%
$

You cover the entire equity of $219,344!

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

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$680,656
Your Cash$219,344
Total Purchase Price:$900,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$3,099/mo
Traditional @ 7.5%
$5,104/mo
You save $2,005/month ($24,059/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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