Home for Sale at 2060 64th Street, Los Angeles, CA 90047

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2060 64th Street
Los Angeles, CA 90047

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Property Details

List Price:	$3,395
Beds:	2
Baths:	1
Status:	Active
SqFt:	1100
Agency:	eXp Realty of California, Inc.

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Description/Comments

Lot Size:	4,772 sqft
Property Type:	Rental
Year Built:	1925
Notes:	Welcome to this wonderful Home! This home sits on a beautiful TREE line street. It offers absolutely everything you may find essential for an above average home rental. This wonderful home features 2 bedroom 1 bath with forced air heating unit control. This amazing home has an open space concept for those family that loves to host gatherings and events. The combination of the open space and the kitchen island is ideal for entertaining and cooking at the same time! The updated kitchen offers new cabinets, new quartz countertop, new fixtures, new laminate flooring, fresh paint, new recess lighting and stackable laundry hook up. The bathroom has been updated and renovated with newer tile, vanity, tub, toilet, and fixtures which allows for pride of tenancy towards this great home. The rest of the house has new floors and has been freshly painted in its entirety. The new dual pane windows offers proper energy efficiency along with its tankless water heater and LED recess lights throughout. Long driveway leads to plenty of parking and takes you to your own one car garage at the rear for additional storage/parking. This is a rare find on this unique desirable tree line street. This home is move in ready and minutes away from major shops, restaurants, markets, and stores. The metro Expo line is 5 minutes away allowing transportation to be more accessible in this fast growing LA. Welcome to your Los Angeles Home!<br /> Note: Home has a 3rd bedroom that has been subdivided privately from the main home for ownerâ€™s purposes.
MlsNumber:	SB24088449

Listing Provided By:	eXp Realty of California, Inc., original listing
Name:	eXp Realty of California, Inc.
Phone:	(888) 584-9427
Office Name:	eXp Realty of California Inc
Office Phone:	(888) 584-9427
Agent Name:	Orlando Medina
Disclaimer:	Copyright Â© 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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