6010 5th Ave, Los Angeles, CA 90043
3 beds · 2 baths · 1,066 sqft
Discover this beautifully reimagined Spanish-style home in the rapidly expanding Park Mesa Heights neighborhood in the heart of Los Angeles. This stunning 3-bedroom, 2-bathroom home was completely renovated just five years ago from top to bottom, offering incredible flow throughout and an abundance of natural light that bathes the space all day long.Every detail of this home has been thoughtfully updated, including new electrical wiring, new plumbing, fresh insulation, a new roof, central AC, and a Nest smart home system. The two beautifully designed bathrooms and brand-new kitchen feature custom tile flooring and quartz countertops, while the ensuite primary bedroom provides a private retreat within the home.More recently, the property has seen additional upgrades, including brand-new flooring, a new oven, a fully fenced-in yard and driveway, and security cameras throughout. The backyard has been transformed into a stunning outdoor oasis, designed by YardZen, perfect for the best of California living. Sunbathe on your expansive back deck, host unforgettable BBQs and gatherings, or watch movies under the stars, all while enjoying the privacy of mature trees.The detached garage offers endless possibilitiesit's ideal for a home office, creative studio, or a future ADU conversion for rental income or multi-generational living. Most recently, it has been used as a fabulous at-home gym.This charming home is centrally positioned with easy access to all major South LA attractions. You're just minutes from SoFi Stadium, YouTube Theater, Kia Forum, BMO Stadium, Exposition Park, and the upcoming Intuit Dome. With the World Cup, Olympics, and Super Bowl on the horizon, this location is unbeatable. A short drive takes you to Culver City, Venice Beach, LAX, Inglewood, West LA, and DTLA, making this an exceptionally well-connected home in one of LA's most exciting and rapidly growing areas.
Source: CLAW #25516195
Financials
Source: CLAW #25516195
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.