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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$1,225,000

($719,140 down)
FHA

1502 S Redondo Boulevard, Los Angeles, CA 90019

N/A
N/A
sqft
PITI Monthly
$4,903.05 /mo

Listing courtesy of: Victor Jackson, Jackson Property Advisors

Assumed Rate

2.75%
7.15%

Principal & Interest

$2,906 /mo
$4,808 /mo
$169,184 in interest paid off

What's Special

SHOPPING
RENOVATED
Great income producing property in a fantastic section of the city. This 4 unit single story apartment unit features 3 1 bedroom, 1 bath units and 1 2
bedroom, 1 bath unit. Two of the one bedroom units have been updated. The 2 bedroom unit will be delivered vacant at close of escrow. It is currently
owner occupied allowing you to live in or set the rental amount at market rate! There is a laundry room in the garage, and parking for one car
associated with the two bedroom unit. The remaining garage spaces were modified and will not accommodate parking inside. unit 1 is 1... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.75
Remaining Loan Term
20 years, 3 months
Monthly PITI
$4,903.05/mo
Estimated Loan Balance
$619,058
Cash to close
$719,140
Interest Paid
$169,184

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 4
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Quadruplex
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Composition
Condition
  • Year Built: 1940
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, DogPark, StormDrains, StreetLights, Sidewalks, Urban
HOA
  • Has HOA: No
Location
  • Region: Los Angeles

Financial Details

  • Price per Sqft: $1,225,000
  • Tax Annual Amount: $15312.5
  • On Market Date: Aug 17, 2024
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Savings Calculator

Current cash to close is $719,140 (59%)
You can enter any amount below - secondary financing will cover the difference if needed.
59%
$
0%20%50%

You cover the entire equity of $719,140!

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

Loan Breakdown

Assumed Mortgage2.75% Sellers Rate
$505,860
Your Cash:$719,140
Total Purchase Price:$1,225,000

Assumed vs Traditional Mortgage

Assumed @ 2.75%
$2,906/mo
Traditional @ 7.15%
$4,987/mo
You save $2,081/month ($24,973/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IN24170334

Listing From:

Last updated: Dec 11, 2024 12:06am

© 2025, 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

2.75%
7.15%

Principal & Interest

$2,906 /mo
$4,808 /mo
$169,184 in interest paid off
Inquire about this property
​
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​
​
​

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 $719,140 (59%)
You can enter any amount below - secondary financing will cover the difference if needed.
59%
$
0%20%50%

You cover the entire equity of $719,140!

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

Loan Breakdown

Assumed Mortgage2.75% Sellers Rate
$505,860
Your Cash:$719,140
Total Purchase Price:$1,225,000

Assumed vs Traditional Mortgage

Assumed @ 2.75%
$2,906/mo
Traditional @ 7.15%
$4,987/mo
You save $2,081/month ($24,973/year)

*Secondary financing rates are an estimated value based on input

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May, 17 2025

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