1017 W 99th St Los Angeles, CA 90044
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About this home
This is the one! Whether you're looking for a fantastic starter home or a smart investment to expand your rental portfolio, this versatile property fits the bill. Live in one unit and rent out the other! Located in the Westmont neighborhood of Los Angeles, this updated property features a main home with 5 bedrooms and 2 bathrooms, plus a permitted bonus guest unit offering 2 bedrooms and 1 bathroom with separate gas and electric meters—ideal for multigenerational living or additional rental income. The main residence is equipped with triple-pane windows and central air and heat for year-round comfort. Alley access adds convenience and flexibility. Location, location, location! Just 2.8 miles from the highly anticipated new home of the LA Rams and Chargers NFL stadium, this home is a short bus ride away from live game action. Enjoy easy access to public transportation, with multiple bus lines nearby, including the 204, 117, 754, and 206. You're also just 1.4 miles from the Metro Green Line Harbor Freeway Station, offering convenient routes along the 105 freeway to destinations like Redondo Beach and Norwalk. Per title, property reflects 5 beds/2 baths. Guest house is permitted, but square footage is not included in the listed total. Buyers are advised to independently verify the condition, permit status, bedroom/bath count, and rental potential of both units, and to satisfy themselves with all aspects of the property. All information is deemed reliable but not guaranteed.
Source: CRMLS #PF25107797
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FAQs
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.
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 580, 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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.