Cheryl Riley

Cheryl Riley

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$1,299,000

($297,670 down)
FHA

3417 Merced Street, Los Angeles, CA 90065

5
3
2,185 sqft
PITI Monthly
$7,193.34 /mo

Listing courtesy of: PEGGY LIM, Real Brokerage Technologies

Assumed Rate

3.45%
7.15%

Principal & Interest

$4,781 /mo
$7,237 /mo

What's Special

REMODELED
SERENE
DINING
SPACIOUS
STAINLESS STEEL APPLIANCES
CHARMING
EFFICIENT
RENTAL INCOME

Tucked behind a private wooden gate lies a fully remodeled and charming duplex—an exceptional gem nestled at the base of Mt. Washington in the vibrant neighborhood of Cypress Park. The welcoming front porch invites you to sit back, relax, and soak in the beautiful Los Angeles weather and charm. The front yard is thoughtfully designed with low-maintenance turf and lush privacy hedges, creating a serene outdoor space. The main house features a beautifully reimagined 3-bedroom, 2-bath layout that blends warmth with a crisp, contemporary aesthetic. Every detail has been carefully curated and updated—from the windows and floors to the kitchen, bathrooms, fixtures, roof, foundation, and major systems. The open-concept living and dining area flows seamlessly into a sleek kitchen equipped with stainless steel appliances. A spacious walk-in pantry with a wine fridge and a dedicated laundry room offer ample storage and everyday convenience. The bright and airy primary bedroom boasts a luxurious ensuite bathroom complete with a stunning freestanding tub and a large walk-in shower. Two additional bedrooms are generously sized and filled with abundant natural light. The back house is a delightful 2-bedroom, 1-bath home with its own address and separate utilities except for water. Equally charming and updated, it includes a full kitchen, efficient split unit, and in-unit washer/dryer—perfect for guests, extended family, or rental income. Adjacent to the back house is a private and secured carport for 2 cars with an automated gate. Located within walking distance to local favorites like Loquat Coffee, Golden Poppy Market, and Barra Santos, this home offers the best of city living with easy freeway access and close proximity to Mount Washington, Highland Park, Eagle Rock, and Downtown LA. This property is truly special—a stylish sanctuary waiting to welcome its next owners.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.45
Remaining Loan Term
26 years, 9 months
Monthly PITI
$7,193.34/mo
Estimated Loan Balance
$1,003,230
Cash to close
$297,670
Interest Paid
$116,379

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 3
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Duplex
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1908
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $594.51
  • Tax Annual Amount: $16237.5
  • On Market Date: 2025-04-12T00:00:00.000Z
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.

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Savings Calculator

Current cash to close is $297,670 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $297,670!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$1,001,330
Your Cash$297,670
Total Purchase Price:$1,299,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$4,781/mo
Traditional @ 7.15%
$7,506/mo
You save $2,725/month ($32,699/year)

*Secondary financing rates are an estimated value based on input

MLS ID: WS25080758

Listing From:

Last updated: 2025-04-14T03:30:58.000Z

© , 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

3.45%
7.15%

Principal & Interest

$4,781 /mo
$7,237 /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 $297,670 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $297,670!

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

Loan Breakdown

Assumed Mortgage3.45% Sellers Rate
$1,001,330
Your Cash$297,670
Total Purchase Price:$1,299,000

Assumed vs Traditional Mortgage

Assumed @ 3.45%
$4,781/mo
Traditional @ 7.15%
$7,506/mo
You save $2,725/month ($32,699/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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