Laura Jewett

Laura Jewett

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Active

$699,000

($571,650 down)
FHA

2716 Marengo Street, Los Angeles, CA 90033

N/A
N/A
sqft
PITI Monthly
$1,808.63 /mo

Listing courtesy of: Marco Otero Ramirez, Century 21 A Better Service

Assumed Rate

3.38%
7.15%

Principal & Interest

$788 /mo
$1,203 /mo

What's Special

INVESTORS
DINING
MODERN
PATIO
PUBLIC TRANSPORTATION
CHARMING
COZY
INCOME POTENTIAL
RENTAL INCOME
INVESTMENT OPPORTUNITY

Welcome to 2716 Marengo St, a versatile two-unit property located in the heart of Boyle Heights. This unique property offers the perfect balance of urban convenience and investment potential, making it an ideal choice for both homeowners and savvy investors. Situated just minutes from downtown Los Angeles, this property provides seamless access to major freeways, vibrant local amenities, and cultural landmarks. The front unit is a warm and inviting space, featuring two well-appointed bedrooms and a thoughtfully designed layout. Natural light floods the living spaces, creating a cozy atmosphere perfect for relaxation or entertaining. The updated kitchen includes cabinetry with ample storage, while the bathroom boasts a touch of contemporary charm. A welcoming front porch and mature landscaping complete this charming home. The rear unit is a private retreat, offering a functional one-bedroom, one-bathroom layout. The compact design maximizes space efficiency without sacrificing comfort. The kitchen is well-equipped, and the bedroom provides a peaceful haven for relaxation. This unit also features access to a private outdoor patio area, perfect for al fresco dining or enjoying quiet evenings under the stars. Outside, the property offers ample space for both recreation and functionality. The backyard is large enough for gardening, entertaining, or potential future enhancements, and two storage sheds provide convenient options for keeping belongings organized. The detached garage offers parking or additional workspace, adding further value to this multifamily property. Located in the vibrant community of Boyle Heights, this property puts you in the center of it all. Enjoy a quick commute to downtown Los Angeles and nearby neighborhoods, along with easy access to local parks, schools, restaurants, and cultural hotspots. With its proximity to public transportation and major freeways, the property is perfectly positioned to cater to modern urban living. Whether you’re looking for a primary residence with rental income potential or a long-term investment opportunity, 2716 Marengo St is a rare find in one of LA’s most dynamic neighborhoods. Schedule your showing today and discover the possibilities this property has to offer!

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Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.38
Remaining Loan Term
17 years, 8 months
Monthly PITI
$1,808.63/mo
Estimated Loan Balance
$131,159
Cash to close
$571,650
Interest Paid
$64,135

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
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: Yes
  • Garage Spaces: 3
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Duplex
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1925
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $699,000
  • Tax Annual Amount: $8737.5
  • On Market Date: 2023-10-03T00:00:00.000Z
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 $571,650 (82%)
You can enter any amount below - secondary financing will cover the difference if needed.
82%
$

You cover the entire equity of $571,650!

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

Loan Breakdown

Assumed Mortgage3.38% Sellers Rate
$127,350
Your Cash:$571,650
Total Purchase Price:$699,000

Assumed vs Traditional Mortgage

Assumed @ 3.38%
$788/mo
Traditional @ 7.5%
$1,248/mo
You save $460/month ($5,518/year)

*Secondary financing rates are an estimated value based on input

MLS ID: DW23184836

Listing From:

Last updated: 2024-12-10T04:06:02.000Z

© , 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

3.38%
7.15%

Principal & Interest

$788 /mo
$1,203 /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 $571,650 (82%)
You can enter any amount below - secondary financing will cover the difference if needed.
82%
$

You cover the entire equity of $571,650!

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

Loan Breakdown

Assumed Mortgage3.38% Sellers Rate
$127,350
Your Cash:$571,650
Total Purchase Price:$699,000

Assumed vs Traditional Mortgage

Assumed @ 3.38%
$788/mo
Traditional @ 7.5%
$1,248/mo
You save $460/month ($5,518/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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