Listing photoLos Angeles, CA 90031 · MLS 26644821
"This property will need to be purchased with Cash, a 203(k) Loan, Construction Financing, or a hard money loan."
281 E Avenue 33 is a 3-bedroom, 3-bath home in Los Angeles, California listed at $959,000 with 1,809 square feet, built in 1895. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 10% down ($95,900), we fund the $198,990 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. 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. Step into 1895 and discover a rare Victorian treasure. Only the second time on the market for more than 70 years. This property is set up as a house, and yet it was functioning as a Duplex for decades. Perfect opportunity for developers and flippers, prime location, endless potential, and ready to be reimagined for maximum return. This 3-bedroom, 3-bath home overflows with original character, hardwood floors, vintage windows, and timeless architectural charm. Tucked away on a quiet cul-de-sac, it backs up to a road and offers mountain and downtown skyline views in a peaceful, park-like setting. The garden, patios, and outdoor entertaining areas invite you to enjoy nature right at your doorstep, bordering Montecito Heights Open Space and hiking trails. Just minutes from Highland Park, Debs Park, and Heritage Square Museum. Parking for two cars. A one-of-a-kind opportunity to own a true piece of Los Angeles history. * * * This property will need to be purchased with Cash, a 203(k) Loan, Construction Financing, or a hard money loan. * * *
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 | $95,900 (10%) | $335,650 (35%) |
| Loan at closing | $863,100 | $623,350 |
| Full renovation, rough estimate* | We fund $198,990 | Buyer pays $198,990 |
| Total loan | $1,062,090 | $623,350 |
| Rate, interest only | from 9.99% | 10.5% |
| Points | 1.5 ($15,931) | 1.5 ($9,350) |
| Appraisal | Required | None |
| Estimated monthly interest | $8,842 at full draw | $5,454 |
| Cash to close, rough estimate | $116,221 | $345,000 |
Rough estimates at the list price of $959,000 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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Cash or hard money only"Property will not qualify for financing, Cash Offers only!"
Cash or hard money only"Property will not qualify for financing, Cash Offers only!"
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