Laura Jewett

Laura Jewett

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Closed

$1,695,000

($671,250 down)
FHA

4711 St Elmo Drive, Los Angeles, CA 90019

6
6
2,903 sqft
PITI Monthly
$9,147.59 /mo

Listing courtesy of: Elizabeth Friedman, Chelsea Properties

Assumed Rate

6.31%
7.15%

Principal & Interest

$6,431 /mo
$7,010 /mo

What's Special

LOCATION
SAFE

LOCATION! Presenting this unique 5-unit boutique property in Mid-City Heights! Property is all new construction built in 2023-2024. Built, owned, and maintained by a professional real estate developer with 10+ years of experience in building and property management. No corners cut or expense spared when built. Property is fully occupied by highly qualified tenants at market rents and rent rolls/expenses provided. All units are tastefully designed and feature in unit washer/dryer amongst many other convenient features. New main water and main sewer lines have been installed for peace of mind. The property is absolutely turn-key and needs nothing. Great investment for 1031 buyer or anyone looking to park their money in a safe investment that will certainly only appreciate over time. All permits, original plans, surveys, records etc. Available upon request.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.31
Remaining Loan Term
28 years, 4 months
Monthly PITI
$9,147.59/mo
Estimated Loan Balance
$1,029,470
Cash to close
$671,250
Interest Paid
$108,143

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 6
  • Bathrooms: 6
Cooling & Heating
  • Cooling: Unknown
  • Heating: Central
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:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: 2
  • Home type:
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 2024
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $583.88
  • Tax Annual Amount: $21187.5
  • 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 $671,250 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$

You cover the entire equity of $671,250!

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

Loan Breakdown

Assumed Mortgage6.31% Sellers Rate
$1,023,750
Your Cash$671,250
Total Purchase Price:$1,695,000

Assumed vs Traditional Mortgage

Assumed @ 6.31%
$6,431/mo
Traditional @ 7.5%
$7,271/mo
You save $840/month ($10,083/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 24445943

Listing From:

Last updated: 2024-12-11T21:22:44.000Z

© , 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

6.31%
7.15%

Principal & Interest

$6,431 /mo
$7,010 /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 $671,250 (40%)
You can enter any amount below - secondary financing will cover the difference if needed.
40%
$

You cover the entire equity of $671,250!

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

Loan Breakdown

Assumed Mortgage6.31% Sellers Rate
$1,023,750
Your Cash$671,250
Total Purchase Price:$1,695,000

Assumed vs Traditional Mortgage

Assumed @ 6.31%
$6,431/mo
Traditional @ 7.5%
$7,271/mo
You save $840/month ($10,083/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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