826 W 85th St, Los Angeles, CA 90044
- beds · - baths · 4,592 sqft
Prime Investment Opportunity in Los Angeles – Renovated Quadplex with Strong Rental Income Potential Presenting an exceptional opportunity for investors and developers in one of Los Angeles' most sought-after neighborhoods. This meticulously renovated quadplex offers a solid income stream with modernized units, enhanced by a prime location that provides significant upside potential for future growth. Maximum Rental Income Potential, with its modern finishes, spacious layouts, and high demand for quality rental units in the area, this quadplex is poised to deliver excellent rental returns. The property is positioned to attract a wide range of tenants, from professionals to families, all seeking the vibrant lifestyle that Los Angeles has to offer. The property is zoned for up to 10 additional units, offering an incredible opportunity for expansion and future development. Whether you’re looking to maximize your investment by adding more rental units or looking for a long-term play in a growing market, this zoning provides the flexibility to increase density and capitalize on the property’s prime location. With ample parking for tenants, this property caters to the needs of today’s renters, many of whom rely on vehicles. The parking area ensures Nestled in a vibrant neighborhood of Los Angeles, the property offers easy access to major freeways, public transportation, shopping centers, dining, and entertainment venues. This prime location ensures high demand for rental properties, making it a perfect addition to your real estate portfolio. Additional Features: Large Lot with Expansion Potential Newer Roof and Systems Well-Maintained Common Areas Minutes from Downtown LA, Hollywood, and Westside Whether you're an investor seeking immediate cash flow or a developer looking to capitalize on future growth, this renovated quadplex offers the ideal combination of stability, upside potential, and location. Don’t miss out on this unique opportunity to own a piece of Los Angeles real estate with enormous potential! For more information or to schedule a private showing, contact us today!
Source: CRMLS #DW24235248
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #DW24235248
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.