Dan Kaercher

Dan Kaercher

Property SearchContact
primary-1
primary-2primary-3
Active

$1,399,990

($811,893 down)
VA

3022 Terry Place, Los Angeles, CA 90031

N/A
N/A
sqft
PITI Monthly
$4,488.47 /mo

Listing courtesy of: Jose Cordova, Jose Cordova, BROKER

Assumed Rate

3.08%
7.15%

Principal & Interest

$2,730 /mo
$4,329 /mo

What's Special

INVESTORS
REMODELED
SERENE
RENOVATED
BALCONY
INCOME POTENTIAL
RENTAL INCOME

This gem of a property is back on the market baby!!! Second chances don't come often, and with this home, you gotta see it to believe it. So don't let yourself miss out on this one again. Get into Lincoln Heights early before it really blows up like Silverlake, Echo Park, Frogtown & Highland Park. Future live-in owners and investors alike are going to love the rental income on this absolute stunner. Not only is this property very unique for the area, it also boasts having 2 of its 3 units being tastefully redesigned and remodeled. The property has also been kept up immaculately for many many years. The owners have invested significantly not just inside, but also in wonderful landscaping and lots of outdoor areas for serene relaxation and exquisite entertaining. There are also amazing views all over, including right from the driveway. Two units have superb views ranging from the Dodgers Stadium fireworks show to Downtown Los Angeles and far beyond. And the generously sized 3rd-story balcony in 3022 Terry also boasts what can only be described as one truly epic view. I can talk all day about what a wonderful property this is. But it's the tenants happiness and adoration for living here that speaks the loudest. They gush about how much they love all the privacy and the property's well-hidden feel...while still being just a hop, skip or jump away from everything wonderful in the area. Oh and did I mention that Downtown LA is also just 5 min away? Instead of continuing to go on and on, here is a quick list these homes many wonders. -Units: (1) 3 Bed +2.5 Bath & (2) 2 Bed +1 Bath -Each unit has its own private yard, laundry, 2 parking spaces -Mature fruit trees (limes, orange, banana, avocados, fig) -Drought tolerant landscaping with low-maintenance programmable irrigation -Hidden, dead-end street -Close to downtown -Close to many freeways -Great tenants and no problems finding tenants that would love to live here. -Great rents -3 Private Units -Even higher rental income potential -Minimal maintenance -2 completely renovated units - Perfect Opportunity for an Owner to live in the unit that will be vacant in May, while renting the other two. So DO NOT miss out on this very rare opportunity that's as good as it gets in the area, while also somehow still having even more future earnings potential....or you'll be kicking yourself later.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.08
Remaining Loan Term
26 years, 1 months
Monthly PITI
$4,488.47/mo
Estimated Loan Balance
$590,529
Cash to close
$811,893
Interest Paid
$74,196

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: CentralAir, SeeRemarks
  • Heating: SeeRemarks
Features
  • Materials: Drywall, Glass, Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: GreatRoom
  • Flooring: SeeRemarks

Exterior

Fencing
  • Fencing: ChainLink, Wood
Roof
  • Roof: CommonRoof
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 3
  • Home type: Triplex
  • Architectural Style: Contemporary, Custom, Modern, PatioHome
Materials
  • Drywall, Glass, Stucco
  • Roof: CommonRoof
Condition
  • Year Built: 1956
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $1,399,990
  • Tax Annual Amount: $17499.9
  • On Market Date: 2025-02-22T00:00:00.000Z
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 $811,893 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $811,893!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$588,097
Your Cash:$811,893
Total Purchase Price:$1,399,990

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$2,730/mo
Traditional @ 7.5%
$4,491/mo
You save $1,761/month ($21,126/year)

*Secondary financing rates are an estimated value based on input

MLS ID: AR25039446

Listing From:

Last updated: 2025-03-30T22:04:04.000Z

© , 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

3.08%
7.15%

Principal & Interest

$2,730 /mo
$4,329 /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 $811,893 (58%)
You can enter any amount below - secondary financing will cover the difference if needed.
58%
$

You cover the entire equity of $811,893!

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

Loan Breakdown

Assumed Mortgage3.08% Sellers Rate
$588,097
Your Cash:$811,893
Total Purchase Price:$1,399,990

Assumed vs Traditional Mortgage

Assumed @ 3.08%
$2,730/mo
Traditional @ 7.5%
$4,491/mo
You save $1,761/month ($21,126/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

Powered By UMe.

© 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 Your Home Sold Guaranteed Realty 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.

equal-housing

Your Home Sold Guaranteed Realty © is committed to and abides by the Fair Housing Act of Equal Opportunity.