230 W 15th St San Pedro, CA 90731
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About this home
STOP, STOP, STOP, STOP....Do not miss this Exceptional Investment Opportunity just 15 minutes from Downtown Long Beach!!! Welcome to 230-232 W 15th Street, a well-maintained two units multifamily property ideally located just minutes from Downtown Long Beach. Each unit offers a spacious 3-bedroom, 2-bathroom floor plan, perfect for consistent rental income or Multi Generational living. Features include in bottom unit laundry hookups, two separate Electric and water meters , Garage is not attached to the property, Garage is in the back of the Property next to the ally with pleanty of space to Park up to 4 cars next to to the Garage and antoher 2 cars inside the Garage the space next to Garage is also perfect for having Family Gatherings ,BBQing ,B-Days...Etc. Making this an attractive option for investors and owner-occupants. This Property is Situated in a very high-demand Rental Market, the property is conveniently close to The Aqurium of the Pacific, The Queen Mary , Shoreline Village , Shopping Centers , dining, public transportation, major freeways, and of course ...''The Beach'' Amazing and uncomparable combination for tenant appeal and for a long-term value. Whether you're an experienced investor Seeking strong cash flow or a buyer interested in living in one unit while Generating income from the other. Come see This Investment Property 230-232 W 15th Street offers you both versatility and major opportunity. Submit your Offer with PreQual, POF and DU Approval to: solytierrainvcorp@yahoo.com any question reach Listing Agent Marcos 310-403-7061 Cell/Text.
Source: CRMLS #219128326DA
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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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