Investment Opportunity · Los Angeles, CA

2016 Thurman Ave

Los Angeles, CA 90016 · MLS PW26198950

List price
$850,000
2 bd / 2 ba
Bedrooms / baths
1,077 sq ft
Living area
1928
Year built
5,419 sq ft
Lot

"The residence needs TLC and is being offered in its present, as-is condition, providing an opportunity to renovate, restore, and enhance its existing character."

Listed by David Palmer Circle Real Estate DRE #01410233 · (562) 833-8133

From the listing. Discover the potential of this 1928 Spanish-style single-family residence, ideally situated in the vibrant Mid-City area of Los Angeles. The residence needs TLC and is being offered in its present, as-is condition. The spacious backyard affords an opportunity for an ADU.

01 - Price This Property

What you qualify for on 2016 Thurman Ave.

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.

List price $850,000
State CA

A ballpark is fine. Nothing is pulled.

Flips, rentals bought and sold, or builds. Decides the down payment.

Our super rough estimate at $45 per sq ft. Put in your contractor's number if you have one.

The loan stays under 75% of it. Leave blank to size on the price alone.

    02 - The Numbers at Closing

    Priced at the list price.

    ItemOption 1Option 2

    *Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $45 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.

    We are the lender, not the listing agent. This property is listed by David Palmer, Circle Real Estate ((562) 833-8133). To see it or make an offer, contact David directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.

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