Owner Finance Available
5881 S Broadway
Los Angeles, CA 90003
🛏️
5
Bedrooms
🚿
4
Bathrooms
📏
2,200
Sq Ft
📅
1927
Year Built
Los Angeles, CA 90003
5
Bedrooms
4
Bathrooms
2,200
Sq Ft
1927
Year Built
SELLER WILL CARRY THE LOAN FOR 1 YEAR... Versatile Multi-Use Zoned Property Ideal for Residential or Commercial Use This unique multi-use zoned property offers exceptional flexibility, currently configured and leased as residential units, but also suitable for commercial use. Both detached units were fully remodeled four years ago and feature modern updates, including: New flooring throughout Updated appliances Modern HVAC systems Washer/dryer hookups in the rear unit Unit Details: Front Unit: 1 bed / 1 bath Approx. 500 sq ft Month-to-month tenants Rear Unit: 4 bed / 2.5 bath (two-story) Approx. 1,700 sq ft Will be delivered vacant at the close of escrow. Property Highlights: Detached units with no shared walls. Gated alley access with parking for up to 4 vehicles. Separate electric meters for each unit. Whether you're an investor looking for strong rental income or an owner-user exploring commercial possibilities, this property offers rare versatility in a desirable location. Seller will carry the loan for 1 year. 25% Down at 7% interest only. With a balloon payment at the end of the 1 year term. Buyer must be qualified with sellers loan officer.
Property Type
Multi_family
Year Built
1927
HOA
None
Listed Price
$699,999
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Owner financing means the seller of 5881 S Broadway acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Los Angeles, CA is available with owner financing terms.
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Los Angeles property.