Laura Jewett

Laura Jewett

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Closed

$525,000

($150,673 down)
FHA

802 E 111th Drive, Los Angeles, CA 90059

N/A
N/A
sqft
PITI Monthly
$2,790.22 /mo

Listing courtesy of: Sandra Zaca, Zaca Real Estate Inc.

Assumed Rate

3.16%
7.15%

Principal & Interest

$1,783 /mo
$2,799 /mo

What's Special

INVESTORS
DINING
SPACIOUS
PUBLIC TRANSPORTATION

This is an excellent opportunity for investors or first time home buyers to own a duplex!!! You can have the flexibility to either rent out both units or reside in one while renting out the other to help cover the mortgage costs. The front unit features 2 bedrooms and 1 bath. The front unit has a spacious floor plan, custom kitchen cabinets and title flooring. It has a niece size living room and dining area. The back unit features 2 bedrooms and 1 bath. The back unit needs some TLC. Property has a detached 2 car garage presenting an opportunity to add an ADU or third unit, please check with the city of Los Angeles. This property is located just a few minutes from Downton LA, public transportations and freeways. Do not miss this opportunity to own a duplex!!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.16
Remaining Loan Term
25 years, 4 months
Monthly PITI
$2,790.22/mo
Estimated Loan Balance
$375,916
Cash to close
$150,673
Interest Paid
$58,169

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: None
  • Heating: SeeRemarks
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: AverageCondition
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 0
  • Home type: Duplex
  • Architectural Style: SeeRemarks
Materials
  • Stucco
  • Roof: Shingle
Condition
  • Year Built: 1951
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $525,000
  • Tax Annual Amount: $6562.5
  • On Market Date: 2025-01-29T00:00:00.000Z
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 $150,673 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$

You cover the entire equity of $150,673!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$374,327
Your Cash$150,673
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,783/mo
Traditional @ 7.5%
$2,903/mo
You save $1,120/month ($13,442/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW25021118

Listing From:

Last updated: 2025-03-18T22:28:35.000Z

© , 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

3.16%
7.15%

Principal & Interest

$1,783 /mo
$2,799 /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 $150,673 (29%)
You can enter any amount below - secondary financing will cover the difference if needed.
29%
$

You cover the entire equity of $150,673!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$374,327
Your Cash$150,673
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,783/mo
Traditional @ 7.5%
$2,903/mo
You save $1,120/month ($13,442/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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