Listing photoLos Angeles, CA 90033 · MLS 26855209
"The existing structure is a total fixer bring your contractor, your architect, and your imagination."
2734 Lanfranco St is a 3-bedroom, 1-bath home in Los Angeles, California listed at $998,000 with 816 square feet, built in 1915. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($99,800), we fund the $89,760 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. Probate property targeting developers, builders & visionary investors. 11,104 SF lot zoned LARD1.5 in Boyle Heights. The 1915 single-family residence (816 sq ft, 3 bed/1 bath) is a total fixer requiring significant renovation. Tenant occupied with tenants remaining post-sale, providing immediate rental income during development planning.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | Yes |
| Buyer down payment | $99,800 (10%) | $349,300 (35%) |
| Loan at closing | $898,200 | $648,700 |
| Full renovation, rough estimate* | We fund $89,760 | Buyer pays $89,760 |
| Total loan | $987,960 | $648,700 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($14,819) | 1.5 ($9,731) |
| Appraisal | Required | None |
| Estimated monthly interest | $7,616 at full draw | $5,676 |
| Cash to close, rough estimate | $119,009 | $359,031 |
Rough estimates at the list price of $998,000 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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