The seller is willing to offer a 2-1 buydown rate to lower the buyer’s interest rate for the first two years of the loan. Here’s how it works:
Example:
Let’s say the buyer qualifies for a 30-year fixed mortgage at 6% interest.
With a 2-1 buydown:
• Year 1: Interest rate is reduced by 2% (buyer pays 4%)
• Year 2: Interest rate is reduced by 1% (buyer pays 5%)
• Year 3–30: Full rate kicks in (buyer pays 6%)
Fully renovated 4 apartments building in a great location of the University City!!!
Zoning- RM1 !!!
Fully Sprinkled, Fire Alarm certified!
Partial Tax Abatement approved!!!
1FL- 2 Beds/ 1 Bath with his own laundry, water heater and HVAC.
Rent- 1,750$
2FL- 2 Beds/ 1 Bath with his own laundry , water heater and HVAC.
Rent- 1,750$
3FL- 2 Beds/ 1 Bath with his own laundry , water heater and HVAC.
Rent - 1,750$
Basement Unit- 1 Bed/ 1 Bath with his own laundry , water heater and HVAC.
Rent- 1,500$
Total monthly gross income- 6,750$
Do you own or manage this property?
This is My PropertyThe income description goes here to explain
| List Price | $799,990 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 3,200 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | July 13, 2025 |
| Sold Price | 720,000 |
| APN # | 462088300 |
| MLS # | PAPH2460072 |
| Property ID | 321374941 |
| Lot Sqft | 1,760 |
| Zoning | RM1 |
| Total Units | 4 |
| Date Updated | July 15, 2025 |
| Date Created | April 06, 2025 |
Vardgas Oganisean an agent of Market Force Realty. Lic #RS348567
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT