4504 Menlo Ave, Los Angeles, CA 90037
4 beds · 2 baths · 1,560 sqft
Located in the heart of Los Angeles, just minutes from USC and the upcoming World Cup (2026) and Olympic Games (2028) venues, this fully remodeled duplex zoned LARD3 presents an unparalleled opportunity for investors and owner-occupants alike. Whether you're looking to generate strong rental income or establish a beautiful primary residence with additional revenue potential, this property offers endless possibilities. Featuring two vacant and move-in-ready units, each offering 2 spacious bedrooms and 1 stylishly updated bathroom, this duplex has been meticulously renovated to combine modern elegance with practical functionality. A detached garage offers the perfect ADU opportunity, allowing you to further maximize rental potential in this high-demand location. No detail has been overlooked in this top-to-bottom transformation, ensuring turnkey ownership with peace of mind: Brand-new plumbing & electrical systems for worry-free maintenance. New roof for long-term durability. Sleek laminate flooring throughout for a modern touch. Energy-efficient windows for enhanced comfort & cost savings. Fresh interior & exterior paint creating a bright, inviting atmosphere. Beyond the impeccable interiors, the private backyard offers a serene space for relaxation and entertaining. Situated in a growing neighborhood with easy access to public transit, shopping, dining, and entertainment, this duplex is positioned for long-term value appreciation. Whether you choose to live in one unit and rent the other or lease both for maximum cash flow, this property is a rare find in an area primed for growth. With major international events coming to Los Angeles, rental demand is set to skyrocket. Don't miss your chance to invest in a city on the rise! Priced to sell - Act now before it's gone!
Source: CLAW #25508477
All values shown are estimated costs / mo.
Source: Public records
Source: CLAW #25508477
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.