Cheryl Riley

Cheryl Riley

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Active

$749,900

($191,395 down)
FHA

24242 Pine Street, Newhall, CA 91321

3
2
1,346 sqft
PITI Monthly
$3,987.91 /mo

Listing courtesy of: Nathan Paterson, Beverly and Company, Inc.

Assumed Rate

2.94%
7.15%

Principal & Interest

$2,557 /mo
$4,128 /mo

What's Special

SHOPPING
MODERN
STAINLESS STEEL APPLIANCES
PUBLIC TRANSPORTATION
INVESTMENT OPPORTUNITY

Excellent investment opportunity with the flexibility to live in one unit while renting out the other. Minutes from the center of downtown Newhall and close to public transportation. The upper unit features 2 bedrooms and 1 bathroom, while the lower unit offers 1 bedroom and 1 bathroom. The lower unit can be delivered vacant, offering the flexibility for either long-term rental or short-term use such as Airbnb. Both units have been upgraded with two ductless heating and air-conditioning systems, stainless steel appliances, wide-plank laminate flooring, elegant white cabinetry, and modern finishes. Each unit also includes two dedicated parking spaces. This duplex offers a 7% cap rate with long-term rentals or the potential for immediate cash flow through short-term rentals. This property presents strong value-add potential with the ability to add two more units, converting it into a fourplex and boosting the cap rate to 12% (building plans available upon request). Conveniently located near shopping, schools, restaurants, and the redeveloping downtown Newhall, this property is packed with potential. Whether you're an investor looking to lease or a homeowners interested in reducing their mortgage by renting out one unit, this duplex is a must-see!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.94
Remaining Loan Term
26 years, 1 months
Monthly PITI
$3,987.91/mo
Estimated Loan Balance
$610,145
Cash to close
$191,395
Interest Paid
$67,470

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Unknown
  • Heating: Unknown
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: 0
  • Home type:
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1958
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Newhall

Financial Details

  • Price per Sqft: $557.13
  • Tax Annual Amount: $9373.75
  • On Market Date: 2025-04-06T00:00:00.000Z
Inquire about this property

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Apply to Assume

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

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Savings Calculator

Current cash to close is $191,395 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $191,395!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$558,505
Your Cash$191,395
Total Purchase Price:$749,900

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$2,557/mo
Traditional @ 7.15%
$4,282/mo
You save $1,725/month ($20,699/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 25521501

Listing From:

Last updated: 2025-04-14T12:24:22.000Z

© , 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

2.94%
7.15%

Principal & Interest

$2,557 /mo
$4,128 /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 $191,395 (26%)
You can enter any amount below - secondary financing will cover the difference if needed.
26%
$

You cover the entire equity of $191,395!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$558,505
Your Cash$191,395
Total Purchase Price:$749,900

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$2,557/mo
Traditional @ 7.15%
$4,282/mo
You save $1,725/month ($20,699/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.

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