7656 Mckinley Avenue

    Los Angeles (City), CA 90001
    • $369,000
    • STATUS: Active Under Contract
    • ON SITE: 162 days
    • ID#: 19509484
    Under Contract
    UPDATED: 60 min ago
    $369,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    FHA OK. ONE UNIT VACANT FOR THE OWNER OR NEW TENANT. 3 Car Garage plus 2 Parking Spaces Next to It. Great for first time homeowner or investor. Enjoy low maintenance and well maintained duplex with government subsidized tenants. Both units have 1 bed 1 bath. 1 Unit has 1 car garage and 2nd unit has 2 car garage. $12,915 FHA 3.5% DOWN PAYMENT ALLOWS YOU TO GET MORTGAGE PAYMENT AT $2,300 PER MONTH INCLUDING MORTGAGE INSURANCE, PROPERTY TAX AND HOI. $2300 - $1040 (PAID BY TENANT IN THE 2ND UNIT) LEAVES YOU WITH NET $1,260 PAYMENT THAT IS LOWER THAN RENT. ALSO, $400 OF THAT MONTHLY MORTGAGE PAYMENT IS PRINCIPAL BALANCE REDUCTION EVERY MONTH SO YOUR ACTUAL COST IS $860 PER MONTH AND IF YOU TAKE TAX DEDUCTION AND YOU ARE IN TYPICAL 27% BRACKET YOU GET $3000 IN ANNUAL TAX SAVINGS THATS ANOTHER $250 PER MONTH SO YOUR ACTUAL COST TO LIVE IN THIS PROPERTY IS $610 PER MONTH PLUS UTILITIES.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-21T00:29:02.713. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/98873250

    7656 Mckinley Avenue Los Angeles (City), CA 90001

    • Price: $369,000
    • Status: Active Under Contract
    • Updated: 60 min ago
    • ID#: 19509484
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1924
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    FHA OK. ONE UNIT VACANT FOR THE OWNER OR NEW TENANT. 3 Car Garage plus 2 Parking Spaces Next to It. Great for first time homeowner or investor. Enjoy low maintenance and well maintained duplex with government subsidized tenants. Both units have 1 bed 1 bath. 1 Unit has 1 car garage and 2nd unit has 2 car garage. $12,915 FHA 3.5% DOWN PAYMENT ALLOWS YOU TO GET MORTGAGE PAYMENT AT $2,300 PER MONTH INCLUDING MORTGAGE INSURANCE, PROPERTY TAX AND HOI. $2300 - $1040 (PAID BY TENANT IN THE 2ND UNIT) LEAVES YOU WITH NET $1,260 PAYMENT THAT IS LOWER THAN RENT. ALSO, $400 OF THAT MONTHLY MORTGAGE PAYMENT IS PRINCIPAL BALANCE REDUCTION EVERY MONTH SO YOUR ACTUAL COST IS $860 PER MONTH AND IF YOU TAKE TAX DEDUCTION AND YOU ARE IN TYPICAL 27% BRACKET YOU GET $3000 IN ANNUAL TAX SAVINGS THATS ANOTHER $250 PER MONTH SO YOUR ACTUAL COST TO LIVE IN THIS PROPERTY IS $610 PER MONTH PLUS UTILITIES.
    Exterior Features

    Parking Features GravelGarage - Three Door Parking YN Yes

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 0.00 Gross Multiplier 0.00 Gross Operating Income 0.00 Net Operating Income 0.00 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0.00 Zoning Lar2

    Listing provided courtesy of Vladimir Rozumny of Vladimir Rozumny


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-21T00:29:02.713. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
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    Covina CA, 91723