Laura Jewett

Laura Jewett

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Pending

$795,000

($495,592 down)
VA

4003 Cortland Street, Lynwood, CA 90262

6
4
2,481 sqft
PITI Monthly
$2,130.98 /mo

Listing courtesy of: Alexander Yang, eXp Realty of Greater Los Angeles

Assumed Rate

4.34%
7.15%

Principal & Interest

$1,914 /mo
$2,600 /mo

What's Special

INVESTORS
MODERN
BALCONY
SAFE
RENTAL INCOME

Welcome to 4003 Cortland Street, a rare gem in Lynwood, California, offering unmatched space, versatility, and investment potential. This unique home is ONE OF ONLY 2 TWO STORY HOMES ON THE ENTIRE STREET, making it a standout property for perceptive buyers. Featuring six bedrooms and four total bathrooms, this residence provides ample space and flexibility. The owner added an extra bathroom in the main building, and all permits for this addition are in progress with the City of Lynwood, ensuring the buyer receives a compliant home. The converted 400-square-foot garage is now a one bed one bath junior ADU, perfect for rental income or multi-generational living. Like the bathroom, permits for the ADU are in progress and will be delivered fully approved at no additional cost to the buyer. A standout feature is the private balcony staircase leading directly to the upstairs bedrooms, creating a separate entrance for tenants. This unique design allows upper-level rooms to be rented without accessing the main living area downstairs. Additionally, a beautiful spiral staircase, upgraded for modern safety and style, connects both levels inside the home. Delivered ready to move in, this well-maintained property offers a prime opportunity for investors and first-time buyers to house hack—living in one portion while renting out the other spaces. The potential for significant rental income makes it a smart investment choice. Conveniently located near the 710 and 105 freeways, commuting across Los Angeles is easy. Nearby amenities include Lynwood High School, Walmart and other essential services, all within a 5 minute drive. This property is truly a special and versatile asset, ready for immediate rental, personal use, or both. With permits for the additional bathroom and junior ADU soon finalized, this home blends character, convenience, and income-generating potential. Seize this rare opportunity and call today for more information!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
4.34
Remaining Loan Term
19 years, 1 months
Monthly PITI
$2,130.98/mo
Estimated Loan Balance
$355,241
Cash to close
$495,592
Interest Paid
$163,517

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 6
  • Bathrooms: 4
Cooling & Heating
  • Cooling: CentralAir, WallWindowUnits
  • Heating: Unknown
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Tile, Wood

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: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1944
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Park, StormDrains, StreetLights, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Lynwood

Financial Details

  • Price per Sqft: $320.44
  • Tax Annual Amount: $9937.5
  • On Market Date: 2025-01-13T00:00:00.000Z
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 $495,592 (62%)
You can enter any amount below - secondary financing will cover the difference if needed.
62%
$

You cover the entire equity of $495,592!

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

Loan Breakdown

Assumed Mortgage4.34% Sellers Rate
$299,408
Your Cash:$495,592
Total Purchase Price:$795,000

Assumed vs Traditional Mortgage

Assumed @ 4.34%
$1,914/mo
Traditional @ 7.5%
$2,697/mo
You save $783/month ($9,395/year)

*Secondary financing rates are an estimated value based on input

MLS ID: CV25004480

Listing From:

Last updated: 2025-03-25T20:52:51.000Z

© , 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

4.34%
7.15%

Principal & Interest

$1,914 /mo
$2,600 /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 $495,592 (62%)
You can enter any amount below - secondary financing will cover the difference if needed.
62%
$

You cover the entire equity of $495,592!

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

Loan Breakdown

Assumed Mortgage4.34% Sellers Rate
$299,408
Your Cash:$495,592
Total Purchase Price:$795,000

Assumed vs Traditional Mortgage

Assumed @ 4.34%
$1,914/mo
Traditional @ 7.5%
$2,697/mo
You save $783/month ($9,395/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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