6567 5th Ave Los Angeles, CA 90043
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About this home
Welcome to 6567 5th Avenue, where contemporary comfort meets timeless charm in the heart of Los Angeles. This beautifully remodeled single-level Craftsman blends style, function, and flexibility with 3 bedrooms, 2 baths in the main house, plus a detached guest unit and a converted sound studio a $20,000 upgrade perfect for creatives, musicians, or anyone seeking a private workspace. Step inside to a bright, open layout designed for effortless everyday living. The inviting dining area flows seamlessly into the cozy living room and a modern kitchen with stainless-steel appliances and sleek finishes ideal for entertaining or relaxed family dinners. The front bedroom with an en-suite bath serves as the primary suite, while the secondary en-suite bedroom offers a dual-primary option or private guest space. The third bedroom is perfect for a home office, gym, or hobby room. Extensive renovations completed in 2020 include a new roof, central HVAC, updated plumbing and electrical, tankless water heater, motorized gate, astro turf, rain barrels, storage shed, and door camera system. Additional perks include a hot tub and newer kitchen appliances, making this home truly move-in ready. The detached guest unit features its own bathroom and space for a kitchenette ideal for extended family, visitors, or potential rental income. Outdoors, enjoy a fully fenced yard with a motorized gate and low-maintenance landscaping perfect for entertaining.Located on a peaceful tree-lined street, this home is minutes from SoFi Stadium, the Kia Forum, the Metro K Line, and the cultural and dining hubs of West Adams, Downtown Inglewood, and Leimert Park Village. Note: The half bath has been converted into a pantry (plumbing still in place). The current loan is assumable at approximately 3% inquire with the seller's lender. Per plan: Main House is 1153 sq ft and 354 sq ft
Source: CLAW #25609745
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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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