Jeremy Fierstein

Jeremy Fierstein

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Active

$850,000

($559,901 down)
FHA

242 E 116th Street, Los Angeles, CA 90061

N/A
N/A
sqft
PITI Monthly
$2,624.13 /mo

Listing courtesy of: Denise Waters, Realty Executives All Cities

Assumed Rate

2.84%
7.15%

Principal & Interest

$1,299 /mo
$2,125 /mo

What's Special

SPACIOUS
HOME OFFICE
PATIO
COZY

Perfect for Entertaining and Investment! Discover the charm of this well-maintained duplex, ideally situated in a sought-after rental area. The front unit welcomes you with a cozy living room—perfect for relaxing after a long day. Need a dedicated workspace? The bonus room can easily serve as your home office or creative studio. Head to the kitchen for a quick bite, then step outside to your spacious backyard oasis. With a covered patio and ample room for guests, it’s the ultimate space for outdoor gatherings and weekend BBQs. The kitchen features a convenient layout and is connected to an in-home laundry area—no more trips to the laundromat! Live comfortably in the front unit while generating income from the back. The rear unit is a 2-bedroom, 1-bath and currently tenant-occupied. (Photos coming soon!) The property sits on a generous lot with plenty of parking and includes thoughtful upgrades such as newer paint, copper plumbing, a west-facing block wall, and brand-new carpeting throughout. This is a smart investment with style, comfort, and flexibility built right in!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.84
Remaining Loan Term
26 years, 6 months
Monthly PITI
$2,624.13/mo
Estimated Loan Balance
$290,710
Cash to close
$559,901
Interest Paid
$30,101

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: None
  • Heating: WallFurnace
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom, WoodBurning
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block, ChainLink, Vinyl
Roof
  • Roof: Asphalt
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Duplex
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Asphalt
Condition
  • Year Built: 1949
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Urban
HOA
  • Has HOA: No
Location
  • Region: Los Angeles

Financial Details

  • Price per Sqft: $850,000
  • Tax Annual Amount: $10625
  • On Market Date: 2025-04-10T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $559,901 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $559,901!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$290,099
Your Cash:$559,901
Total Purchase Price:$850,000

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$1,299/mo
Traditional @ 7.5%
$2,204/mo
You save $905/month ($10,855/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RS25075322

Listing From:

Last updated: 2025-04-11T04:28:54.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

2.84%
7.15%

Principal & Interest

$1,299 /mo
$2,125 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $559,901 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $559,901!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.84% Sellers Rate
$290,099
Your Cash:$559,901
Total Purchase Price:$850,000

Assumed vs Traditional Mortgage

Assumed @ 2.84%
$1,299/mo
Traditional @ 7.5%
$2,204/mo
You save $905/month ($10,855/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Realty One Group
Agent/Broker
Jeremy FiersteinRealty One Group(480) 620-7363jeremy@elevate48.comMLS SA652937000

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