Laura Jewett

Laura Jewett

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Active

$1,997,000

($712,170 down)
FHA

2608 7th Avenue, Los Angeles, CA 90018

9
5
4,574 sqft
PITI Monthly
$9,229.92 /mo

Listing courtesy of: Obie Nwabuzor, Pacific Playa Realty

Assumed Rate

2.94%
7.15%

Principal & Interest

$5,858 /mo
$9,457 /mo

What's Special

LOCATION
DINING
SPACIOUS
MODERN
PUBLIC TRANSPORTATION
HISTORIC
INCOME POTENTIAL

Timeless Architectural 5-Unit Gem in Historic Jefferson Park that can be Delivered Vacant. An exceptional opportunity to own a rare architectural property in the heart of Jefferson Park, one of Los Angeles' most vibrant and historic neighborhoods. This well-maintained five-unit property is a perfect investment or owner-user opportunity, offering immediate income potential with all units delivered vacant at the close of escrow. The main two-level building features four spacious units, consisting of three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath units. Complementing these is a fully permitted, detached 2-bedroom, 1-bath accessory dwelling unit (ADU) built in 2023, adding modern convenience to this classic property. Each unit boasts spacious layouts with separate dining areas, bright and inviting living rooms, and expansive kitchens designed for comfortable living. Large windows allow for an abundance of natural light, enhancing the home's warmth and character. A unique and highly desirable feature of this property is that each unit includes two separate entrances and exits, adding flexibility and privacy. Sitting on an expansive 7,500-square-foot corner lot, the property offers stunning curb appeal with fresh landscaping. 2 separate driveways, one off Adams Boulevard and another off 7th Avenue provide ample parking. The secluded private yard is designed as a common lounge and grilling area, creating an inviting space for residents to relax, entertain, and enjoy the best of indoor-outdoor living. located near popular coffee shops, restaurants, and public transportation, this property is an ideal blend of charm, convenience, and investment potential. A rare offering in a prime location, this Jefferson Park treasure is ready for its next owner to bring new vision and opportunity. Contact us today to schedule a private tour.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.94
Remaining Loan Term
26 years, 3 months
Monthly PITI
$9,229.92/mo
Estimated Loan Balance
$1,290,230
Cash to close
$712,170
Interest Paid
$148,269

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 9
  • Bathrooms: 5
Cooling & Heating
  • Cooling: Unknown
  • Heating: WallFurnace
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: DiningRoom, Kitchen, LivingRoom
  • Flooring: Laminate, Wood

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Other
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: 0
  • Home type:
  • Architectural Style: Colonial
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built:
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $436.6
  • Tax Annual Amount: $24962.5
  • On Market Date: 2025-03-13T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $712,170 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $712,170!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$1,284,830
Your Cash$712,170
Total Purchase Price:$1,997,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$5,858/mo
Traditional @ 7.5%
$9,809/mo
You save $3,951/month ($47,417/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 25507903

Listing From:

Last updated: 2025-04-03T20:08:53.000Z

© , 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

2.94%
7.15%

Principal & Interest

$5,858 /mo
$9,457 /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 $712,170 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$

You cover the entire equity of $712,170!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$1,284,830
Your Cash$712,170
Total Purchase Price:$1,997,000

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$5,858/mo
Traditional @ 7.5%
$9,809/mo
You save $3,951/month ($47,417/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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