11894 Truro Ave, Hawthorne, CA 90250
4 beds · 3 baths · 1,530 sqft
Hidden Gem in Hawthorne – Beautifully Remodeled with Income Potential! Welcome to 11894 Truro Ave, a true hidden gem nestled in one of Hawthorne's most sought-after neighborhoods! This stunningly remodeled home offers both modern comfort and investment potential, all while being conveniently located near Northrop Grumman, SoFi Stadium, Intuit Dome, Air Force Base, and more. Inside the Main House, you’ll find 3 spacious bedrooms and 2 bathrooms, featuring beautiful hardwood floors, an open-concept layout, and a designer kitchen with white quartz countertops, shaker cabinets, and stainless steel appliances. The bathrooms are elegantly upgraded with designer tiles and sleek modern vanities for a luxurious touch. BONUS: Detached ADU & Income Opportunity A detached ADU (not fully permitted) offers 1 bedroom, an upstairs loft, 1 bathroom, a modern kitchen, private laundry area, and flexible living space perfect for extended family, a guest suite, or rental income. The backyard has been designed into a beautiful oasis. Step outside to your brand-new backyard retreat, designed for relaxation and entertainment. Sitting on a 6,090 sq. ft. R3 lot, this property offers ample space to expand further with an additional ADU for even more income potential. This home is currently tenant-occupied and professionally managed through 03/31/2025. This is a turnkey investment for buyers looking for immediate rental income. Your dream home & investment opportunity awaits! Don’t miss this chance to own a beautifully updated home with rental income potential in a prime location. Schedule your private showing today!
Source: CRMLS #CV25057028
Financials
Source: CRMLS #CV25057028
Source: Public records
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Other resourcesWhat is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.