14360 Merced Ave Baldwin Park, CA 91706
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About this home
TWO HOUSES ON A LOT - Duplex in the Heart of Baldwin Park – Ideal Multigenerational Living or Investment! - TWO HOUSES ON A LOT Welcome to 14360 & 14360 ½ Merced Avenue, a rare opportunity to own a spacious duplex in a prime Baldwin Park location. This versatile property offers two well-maintained homes on one lot, perfect for savvy investors, 1031 exchange buyers, or multigenerational households. The front unit features classic Craftsman-style curb appeal, complete with a welcoming front porch and charming details throughout. With approximately 1,150 sq ft, this 2-bedroom, 1-bath home includes beautiful hardwood floors, a light-filled living space, and an attached two-car garage for added convenience. This has its on separate yard. Around the corner on the same lot, is the larger and newer of the two units boasting approximately 1,920 sq ft of modern living. This 3-bedroom, 2-bath home offers an open-concept layout, large kitchen with gleaming hardwood floors, and generous space throughout. The attached two-car garage makes daily life simple and seamless. This unit was built in 2004-2005. Live in one unit and rent the other, or accommodate extended family —this property offers flexible living arrangements that fit a variety of needs. Located in vibrant Baldwin Park, you’ll enjoy quick access to freeways, shopping centers, parks, and local eateries. The area is served by the Baldwin Park Unified School District, known for its commitment to student success and community engagement. Nearby schools offer a range of academic and extracurricular opportunities for growing families. Don’t miss this unique opportunity to own two homes on one lot in a well-connected and fast-growing community.
Source: CRMLS #CV25091474
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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.
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