Dan Kaercher

Dan Kaercher

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Closed

$1,595,000

($1,105,230 down)
FHA

1149 W 37th Drive, Los Angeles, CA 90007

5
2
2,020 sqft
PITI Monthly
$3,604.03 /mo

Listing courtesy of: Zachary Tucker, Coldwell Banker Realty

Assumed Rate

6.11%
7.15%

Principal & Interest

$3,033 /mo
$3,377 /mo

What's Special

INVESTORS
MODERN
HARDWOOD FLOORS
RENTAL INCOME
INVESTMENT OPPORTUNITY

Welcome to 1149 W. 37th Drive, a beautifully preserved 5-bed + 3-bath Craftsman home located less than a block from USC's campus and within the DPS patrol zone. The site's unparalleled convenience and security make it an ideal choice for homeowners and investors alike. The generous lot size of 6,951 square feet provides ample space for outdoor enjoyment and/or future development. Zoned LARD-2 with a Tier 4 TOC designation, this property allows for the development of up to five (5) additional units. Whether you envision a guest home, rental income units, or a combination of both, the possibilities are endless. The current single family residence on the property features 2,020 SF of living space, a gated front yard, and a large backyard adorned with fruit trees, offering a tranquil oasis in the heart of the city. Inside, the home retains its original hardwood floors, complemented by modern updates that include a fully equipped kitchen with appliances, an in-unit washer and dryer, and stylish bathrooms featuring tiled showers with glass enclosures. Don't miss out on this incredible investment opportunity nestled in the vibrant USC community.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.11
Remaining Loan Term
27 years, 8 months
Monthly PITI
$3,604.03/mo
Estimated Loan Balance
$490,303
Cash to close
$1,105,230
Interest Paid
$70,303

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Unknown
  • Heating: NaturalGas
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Wood

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: None

Construction

Type & Style
  • Stories: 0
  • Home type: SingleFamilyResidence
  • Architectural Style: Craftsman
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1913
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $789.6
  • Tax Annual Amount: $
  • On Market Date: 2024-08-27T00:00:00.000Z
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 $1,105,230 (69%)
You can enter any amount below - secondary financing will cover the difference if needed.
69%
$

You cover the entire equity of $1,105,230!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$489,770
Your Cash:$1,105,230
Total Purchase Price:$1,595,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$3,033/mo
Traditional @ 7.5%
$3,503/mo
You save $470/month ($5,637/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 24432801

Listing From:

Last updated: 2024-12-13T19:23:50.000Z

© , 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

6.11%
7.15%

Principal & Interest

$3,033 /mo
$3,377 /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 $1,105,230 (69%)
You can enter any amount below - secondary financing will cover the difference if needed.
69%
$

You cover the entire equity of $1,105,230!

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

Loan Breakdown

Assumed Mortgage6.11% Sellers Rate
$489,770
Your Cash:$1,105,230
Total Purchase Price:$1,595,000

Assumed vs Traditional Mortgage

Assumed @ 6.11%
$3,033/mo
Traditional @ 7.5%
$3,503/mo
You save $470/month ($5,637/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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