Listing courtesy of: Frank Karako, LPT Realty, Inc.
Assumed Rate
Principal & Interest
4.625% ASSUMABLE VA LOAN & Low Gap on this 4-UNIT MULTIFAMILY featuring highly desirable location, unit mix, and low maintenance building offer potential to acquire this impressive asset with unique upside. Unit mix includes 2 units @ 3BR/1BA & 2units @ 1BR/1BA. Multiple opportunities to increase rents with minor value-add improvements AND potential to add up to 4additional ADU units on this lot (ADU feasibility study completed & available). Onsite community laundry room provides additional income opportunity. Recently renovated units feature highly desirable quartz countertops, stainless appliances, and premium flooring. Convenient to tons of shopping, multiple light rail stations (green and orange lines), bus stops, and I-8 freeway. Close toSan Diego State, Grossmont College, and Grossmont Hospital. Minutes from popular Cowles Mountain and Lake Murray and less than 15 miles to the beach! Downtown San Diego is only 10 miles and University City’s “Golden Triangle” major employment hub is only 15 miles—both of which are conveniently accessed by light rail in addition to multiple freeway commuting options. Enjoy reduced maintenance and operational expenses. Loan assumptions are easier than ever before and closing in near record times! Inquire for more details on how loan assumptions are dominating this market. Effectively go back in time by assuming the current loan at the historically low interest rate with low gap and profit from substantially expedited principal pay down and lower interest expenses and enjoy a heavily discounted VA funding fee, NO loan origination fees, and NO lender discount points when assuming.
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
You cover the entire equity of $103,506!
Enter a smaller amount if you prefer to use secondary financing.
*Secondary financing rates are an estimated value based on input
MLS ID: PTP2502672
Listing From:
Last updated: 2025-04-15T23:16:26.000Z
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Assumed Rate
Principal & Interest
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
You cover the entire equity of $103,506!
Enter a smaller amount if you prefer to use secondary financing.
*Secondary financing rates are an estimated value based on input
© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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