Dan Kaercher

Dan Kaercher

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Closed

$899,000

($229,766 down)
FHA

10603 Lou Dillon Avenue, Los Angeles, CA 90002

5
4
1,614 sqft
PITI Monthly
$4,619.92 /mo

Listing courtesy of: Raul Herrera, eXp Realty of California Inc

Assumed Rate

2.9%
7.15%

Principal & Interest

$2,963 /mo
$4,808 /mo

What's Special

INVESTORS
REMODELED
LOCATION
FRESH PAINT
OPEN CONCEPT
SPACIOUS
MOVE-IN READY
MODERN

Welcome to 10603 Lou Dillon Avenue a versatile triplex offering incredible opportunities for first-time buyers, investors, or extended families. This property is delivered fully vacant and is ready for immediate occupancy. Unit 1: This spacious 3-bedroom, 2-bathroom home has been fully remodeled and is move-in ready. It features updated flooring, a modern open concept kitchen, stylish bathrooms, and fresh paint throughout. Units 2 & 3: Located in a detached building, these two identical 1-bedroom, 1-bathroom units are both recently updated with new flooring and fresh paint. This property is ideal for a first-time buyer looking to live in a beautifully updated unit while renting out the other two. Perfect for investors seeking passive cash flow by renting all three units, or for a large family looking for separate living spaces within a single property. Property also features ample parking available at both the front and rear of the property. Expansive lot with potential to extend or build an additional unit. Prime location with easy access to local amenities and transport links. Whether you're looking to reside in one unit and rent the others, generate passive income from all three units, or accommodate a big family, this property offers the flexibility and potential to meet your needs. Don't miss this unique opportunity.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.9
Remaining Loan Term
26 years, 7 months
Monthly PITI
$4,619.92/mo
Estimated Loan Balance
$678,564
Cash to close
$229,766
Interest Paid
$67,993

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Unknown
  • Heating: WallFurnace
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate

Exterior

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

Construction

Type & Style
  • Stories: 1
  • Home type:
  • Architectural Style: Contemporary
Materials
  • Stucco
  • Roof: Shingle
Condition
  • Year Built: 1923
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $557
  • Tax Annual Amount: $11237.5
  • On Market Date: 2024-08-12T00:00:00.000Z
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 $229,766 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $229,766!

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

Loan Breakdown

Assumed Mortgage2.9% Sellers Rate
$669,234
Your Cash$229,766
Total Purchase Price:$899,000

Assumed vs Traditional Mortgage

Assumed @ 2.9%
$2,963/mo
Traditional @ 7.5%
$4,987/mo
You save $2,024/month ($24,291/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 24426659

Listing From:

Last updated: 2024-12-16T18:34:16.000Z

© , 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

2.9%
7.15%

Principal & Interest

$2,963 /mo
$4,808 /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 $229,766 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $229,766!

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

Loan Breakdown

Assumed Mortgage2.9% Sellers Rate
$669,234
Your Cash$229,766
Total Purchase Price:$899,000

Assumed vs Traditional Mortgage

Assumed @ 2.9%
$2,963/mo
Traditional @ 7.5%
$4,987/mo
You save $2,024/month ($24,291/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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