• Asking Price See Price
  • Estimated Value: $3,912,728

  • 3RD LOS ANGELES, CA 90048

  • 14 Beds 1.8 Baths 11,064 SqFt
  • Townhouse or Condo / Rent To Own
1 of 4
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Property Details for 3RD St, LOS ANGELES, CA 90048

Features

Facts

Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

Assumable loan of $2,250,000 at 3.2% fixed until 3/1/28. The loan has a value of $270,000 compared to a new loan at 6.2%. Next to Four Seasons Hotel at Doheny and Burton Way. 13 x Gross & 5.1% Cap with rents at market. 6.5% return on down payment with market rents. Seller has spent approx. $260,000 in renovations. Controlled access, elevator, dishwasher, A/C, M/W. Earthquake retrofit work has been completed.

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Property Brokerage: KELLER WILLIAMS BEVERLY HILLS REALTY 439 N. Canon Dr. Suite 300 Beverly Hills CA 90210
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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