Laura Jewett

Laura Jewett

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Active

$859,000

($317,818 down)
VA

523 S Grand Avenue, San Pedro, CA 90731

N/A
N/A
sqft
PITI Monthly
$3,844.48 /mo

Listing courtesy of: Karen Anderson, Keller Williams Realty

Assumed Rate

3.62%
7.15%

Principal & Interest

$2,733 /mo
$4,050 /mo

What's Special

INVESTORS
SPACIOUS
HOME OFFICE
WATERFRONT
TURNKEY

BACK ON THE MARKET! If you thought homeownership was out of reach, this may be the opportunity you’ve been looking for! Investors – this turnkey property may be your perfect 1031 exchange trade up! Located in an up-and-coming area in San Pedro with views of the LA Harbor, mountains and the Vincent Thomas Bridge, this 1913 duplex offers charm galore, but also has numerous upgrades. The freshly painted exterior and low maintenance landscape make a statement as soon as you drive up. Perched high above the street, this stately property has a classic front porch to sit and enjoy the view. Unit 523 is a 3 bedroom/1 bath home with an upgraded kitchen and bath, spacious rooms and great storage space! Unit 525 is upstairs, and offers 1 bedroom and 1 bath . The kitchen has been updated and has newer cabinets and granite counters, stainless appliances, newer vinyl plank flooring, and a spacious sunroom that would be a perfect home office (or maybe even a nursery!) Both units have dual pane windows, updated electric panels and wiring, newer light fixtures/ fans. Water heaters replaced in 2019, roof (mostly) redone in 2023. Sewer Lateral replaced in 2018. The total square footage of both units is a spacious 2440 square feet! Each unit has its own laundry room. The yard is fully enclosed and is also accessible through an electric gate for off street parking access. A cute pergola is covered with greenery and offers a nice seating area with a firepit. The 1+ bedroom unit is vacant and ready for immediate occupancy! This property is well located to stores, major streets, the freeway and the bridge. With the pending opening of the new West Harbor waterfront development, this area will only continue to increase in value making this a phenomenal opportunity!

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.62
Remaining Loan Term
25 years, 0 months
Monthly PITI
$3,844.48/mo
Estimated Loan Balance
$543,373
Cash to close
$317,818
Interest Paid
$103,303

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: None
  • Heating: Electric, WallFurnace
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Laminate, Tile, Vinyl

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SewerTapPaid
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: Duplex
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1913
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: San Pedro

Financial Details

  • Price per Sqft: $859,000
  • Tax Annual Amount: $10737.5
  • On Market Date: 2025-01-17T00:00:00.000Z
Inquire about this property

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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 $317,818 (37%)
You can enter any amount below - secondary financing will cover the difference if needed.
37%
$

You cover the entire equity of $317,818!

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

Loan Breakdown

Assumed Mortgage3.62% Sellers Rate
$541,182
Your Cash$317,818
Total Purchase Price:$859,000

Assumed vs Traditional Mortgage

Assumed @ 3.62%
$2,733/mo
Traditional @ 7.5%
$4,201/mo
You save $1,468/month ($17,617/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PV25009791

Listing From:

Last updated: 2025-03-14T23:47:18.000Z

© , 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

3.62%
7.15%

Principal & Interest

$2,733 /mo
$4,050 /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 $317,818 (37%)
You can enter any amount below - secondary financing will cover the difference if needed.
37%
$

You cover the entire equity of $317,818!

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

Loan Breakdown

Assumed Mortgage3.62% Sellers Rate
$541,182
Your Cash$317,818
Total Purchase Price:$859,000

Assumed vs Traditional Mortgage

Assumed @ 3.62%
$2,733/mo
Traditional @ 7.5%
$4,201/mo
You save $1,468/month ($17,617/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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