1023 W 51st Pl Los Angeles, CA 90037
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About this home
Welcome to 1023 West 51st Place, a beautifully reimagined smart home that combines luxury design, modern technology, and versatile living. Nestled in one of Los Angeles’s most dynamic neighborhoods, this property offers three distinct living spaces — a completely renovated primary residence and two brand-new Accessory Dwelling Units (ADUs) — making it ideal for multigenerational families, investors, or homeowners seeking additional rental income. Main home: Experience modern luxury and versatility at this fully renovated smart home located in the heart of Los Angeles. The primary residence offers three bedrooms and two bathrooms, showcasing an open-concept design with elegant flooring, recessed lighting, and a chef-inspired kitchen featuring beautiful countertops, custom cabinetry, and stainless-steel appliances. Enjoy the convenience of smart home technology, allowing you to control lighting and ceiling fans directly from your phone. The home is also equipped with an innovative security door system, solar panels, and a Tesla charging station, combining innovation with eco-friendly efficiency. Adding to its exceptional appeal are two recently built Accessory Dwelling Units (ADUs) — ideal for income-producing rentals or multigenerational living. ADU 1: 2 bedrooms, one bath, open layout, and modern finishes. ADU 2: 1 bedroom, one bath, private and efficient — perfect for extended family or guests seeking independent space. Every detail has been thoughtfully updated for comfort and style, from designer fixtures to contemporary tilework and energy-efficient systems. The gated property offers parking and low-maintenance outdoor areas, ideal for relaxing or entertaining. Ideally situated minutes from Downtown LA, USC, and Exposition Park, this residence offers convenience, elegance, and financial opportunity all in one. Whether you’re looking for your dream home, a multi-family setup, or a high-return investment, 1023 West 51st Place delivers it all — luxury living, innovative technology, and income potential in one stunning package.
Source: CRMLS #SR25243834
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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.