Cheryl Riley

Cheryl Riley

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$1,100,000

($628,143 down)
FHA

306 E 36th Street, Los Angeles, CA 90011

5
5
2,380 sqft
PITI Monthly
$4,284.26 /mo

Listing courtesy of: Kyung Li Kim, Dream Realty & Investments Inc

Assumed Rate

3.73%
7.15%

Principal & Interest

$2,461 /mo
$3,598 /mo

What's Special

INVESTORS
LOCATION
SPACIOUS
MODERN
RENOVATED
STAINLESS STEEL APPLIANCES
EFFICIENT
INCOME POTENTIAL
RENTAL INCOME

This beautifully upgraded two-story 3 units+ADU offers both modern living and exceptional income potential! After purchasing the home, the owner made extensive upgrades, including all-new wall unit AC/heat with remote control in each room, new copper plumbing and electrical system, a brand-new kitchen and bathroom, and new hardwood flooring. Additional improvements include new LED lighting, windows, and stainless steel appliances, as well as fresh interior and exterior paint. The home also features a tankless water heater, two separate electric meters, and two newly built detached garages. The backyard and entire property have been fully renovated, creating a modern and efficient living space. The upstairs unit features 3 bedrooms and 2 bathrooms, while the first-floor units offer two 1-bedroom, 1-bathroom units, providing a total living space of 2,380 sq. ft. With the addition of an approximately 350 sq. ft. ADU, the total livable area expands to 2,730 sq. ft., providing excellent versatility and investment potential. The spacious lot includes parking for up to 7 vehicles and a low-maintenance front and backyard, making it perfect for both investors and homeowners alike. The location couldn't be better! With its proximity to USC, this property is ideal for student rentals or for an owner who wants to reside in one unit while earning rental income from the others. The owner currently occupies a private 1-bed/1-bath unit, which will be delivered vacant, presenting an excellent opportunity to maximize rental income and increase the CAP rate

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.73
Remaining Loan Term
24 years, 5 months
Monthly PITI
$4,284.26/mo
Estimated Loan Balance
$534,290
Cash to close
$628,143
Interest Paid
$105,018

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 5
Cooling & Heating
  • Cooling: Unknown
  • Heating: WallFurnace
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Laminate

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories: 2
  • Home type:
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1906
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $462.18
  • Tax Annual Amount: $13750
  • On Market Date: 2025-03-19T00:00:00.000Z
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 $628,143 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$

You cover the entire equity of $628,143!

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

Loan Breakdown

Assumed Mortgage3.73% Sellers Rate
$471,857
Your Cash:$628,143
Total Purchase Price:$1,100,000

Assumed vs Traditional Mortgage

Assumed @ 3.73%
$2,461/mo
Traditional @ 7.15%
$3,732/mo
You save $1,271/month ($15,253/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 25513313

Listing From:

Last updated: 2025-04-09T22:48:13.000Z

© , 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

3.73%
7.15%

Principal & Interest

$2,461 /mo
$3,598 /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 $628,143 (57%)
You can enter any amount below - secondary financing will cover the difference if needed.
57%
$

You cover the entire equity of $628,143!

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

Loan Breakdown

Assumed Mortgage3.73% Sellers Rate
$471,857
Your Cash:$628,143
Total Purchase Price:$1,100,000

Assumed vs Traditional Mortgage

Assumed @ 3.73%
$2,461/mo
Traditional @ 7.15%
$3,732/mo
You save $1,271/month ($15,253/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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