Laura Jewett

Laura Jewett

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Closed

$665,000

($509,622 down)
FHA

5502 Linden Avenue, Long Beach, CA 90805

N/A
N/A
sqft
PITI Monthly
$1,369.4 /mo

Listing courtesy of: Derrick Muska, Coldwell Banker Realty

Assumed Rate

4.11%
7.15%

Principal & Interest

$1,049 /mo
$1,465 /mo

What's Special

INVESTORS
PRIVATE BACKYARD
PLAYGROUND
CHARMING
INCOME POTENTIAL
RENTAL INCOME

This unique property offers two homes on one lot, providing versatility and income potential in the heart of North Long Beach. The front unit is a charming one-bedroom, one-bath house with washer/dryer hookups, a garage, and a private backyard. The back unit has its own separate entrance off 55th Street and is a comfortable two-bedroom, one-bath home. The back unit includes washer/dryer hookups and a private side yard. Located just a short drive from the vibrant Bixby Knolls area, you'll enjoy an eclectic mix of shops, cafes, and restaurants. Nearby Houghton Park offers sports fields, playgrounds, and community events, perfect for outdoor enthusiasts. With easy access to major freeways, commuting to Downtown Long Beach, Los Angeles, or surrounding areas is a breeze. This property is a fantastic opportunity for investors, with tenants already in place ensuring a steady rental income. Alternatively, you can choose to live in one unit while renting out the other. Don't miss out on this exceptional chance to snatch your own versatile, income-generating property.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.11
Remaining Loan Term
16 years, 7 months
Monthly PITI
$1,369.4/mo
Estimated Loan Balance
$155,893
Cash to close
$509,622
Interest Paid
$103,241

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: None
  • Heating: Unknown
Features
  • Materials: Stucco, WoodSiding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • 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: Bungalow
Materials
  • Stucco, WoodSiding
  • Roof: Unknown
Condition
  • Year Built: 1942
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Sidewalks, Urban
HOA
  • Has HOA: No
Location
  • Region: Long Beach

Financial Details

  • Price per Sqft: $665,000
  • Tax Annual Amount: $
  • On Market Date: 2024-07-12T00:00:00.000Z
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 $509,622 (77%)
You can enter any amount below - secondary financing will cover the difference if needed.
77%
$

You cover the entire equity of $509,622!

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

Loan Breakdown

Assumed Mortgage4.11% Sellers Rate
$155,378
Your Cash:$509,622
Total Purchase Price:$665,000

Assumed vs Traditional Mortgage

Assumed @ 4.11%
$1,049/mo
Traditional @ 7.5%
$1,519/mo
You save $470/month ($5,642/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW24142162

Listing From:

Last updated: 2024-12-05T04:37:49.000Z

© , 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

4.11%
7.15%

Principal & Interest

$1,049 /mo
$1,465 /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 $509,622 (77%)
You can enter any amount below - secondary financing will cover the difference if needed.
77%
$

You cover the entire equity of $509,622!

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

Loan Breakdown

Assumed Mortgage4.11% Sellers Rate
$155,378
Your Cash:$509,622
Total Purchase Price:$665,000

Assumed vs Traditional Mortgage

Assumed @ 4.11%
$1,049/mo
Traditional @ 7.5%
$1,519/mo
You save $470/month ($5,642/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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