Cheryl Riley

Cheryl Riley

Property SearchContact
primary-1
primary-2primary-3
Active

$1,050,000

($674,052 down)
FHA

1523 E 85th Street, Los Angeles, CA 90001

N/A
N/A
sqft
PITI Monthly
$4,076.11 /mo

Listing courtesy of: Mireya Lazaro, 3D Realty

Assumed Rate

4.16%
7.15%

Principal & Interest

$2,342 /mo
$3,250 /mo

What's Special

INVESTORS
SPACIOUS
RENTAL INCOME
INVESTMENT OPPORTUNITY

Prime 4-Unit Income Property – Great Potential! Seize this incredible investment opportunity with this 4-unit multifamily property, offering immediate rental income and strong future upside! Situated in a desirable neighborhood, this well-maintained property features four spacious units, each with consistent tenants, ensuring steady cash flow from day one. This property presents a great opportunity for investors looking to expand their portfolio with an asset that has both immediate returns and long-term appreciation potential. Whether you're seeking a buy-and-hold investment or a value-add renovation project, this income-generating property is a must-see! Don’t miss out!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.16
Remaining Loan Term
19 years, 8 months
Monthly PITI
$4,076.11/mo
Estimated Loan Balance
$378,014
Cash to close
$674,052
Interest Paid
$186,212

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: WallWindowUnits
  • Heating: WallFurnace
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Laminate, Tile, Vinyl

Exterior

Fencing
  • Fencing: AverageCondition, ChainLink, FairCondition
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: Yes
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Quadruplex
  • Architectural Style: Traditional
Materials
  • Unknown
  • Roof: Shingle
Condition
  • Year Built: 1988
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Los Angeles

Financial Details

  • Price per Sqft: $1,050,000
  • Tax Annual Amount: $13125
  • On Market Date: 2025-04-09T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $674,052 (64%)
You can enter any amount below - secondary financing will cover the difference if needed.
64%
$

You cover the entire equity of $674,052!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.16% Sellers Rate
$375,948
Your Cash:$674,052
Total Purchase Price:$1,050,000

Assumed vs Traditional Mortgage

Assumed @ 4.16%
$2,342/mo
Traditional @ 7.15%
$3,371/mo
You save $1,029/month ($12,349/year)

*Secondary financing rates are an estimated value based on input

MLS ID: FR25070225

Listing From:

Last updated: 2025-04-11T13:36:58.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

4.16%
7.15%

Principal & Interest

$2,342 /mo
$3,250 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $674,052 (64%)
You can enter any amount below - secondary financing will cover the difference if needed.
64%
$

You cover the entire equity of $674,052!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.16% Sellers Rate
$375,948
Your Cash:$674,052
Total Purchase Price:$1,050,000

Assumed vs Traditional Mortgage

Assumed @ 4.16%
$2,342/mo
Traditional @ 7.15%
$3,371/mo
You save $1,029/month ($12,349/year)

*Secondary financing rates are an estimated value based on input

Follow Us
American Allstar Realty
Agent/Broker
Cheryl RileyAmerican Allstar Realty(602) 353-7375cheryl.m.riley@gmail.comMLS BR655878000

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than American Allstar Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

equal-housing

American Allstar Realty © is committed to and abides by the Fair Housing Act of Equal Opportunity.