Historic West Adams HPOZ | Timeless Character | Exceptional Opportunity Nestled on a picturesque, tree-lined street within the highly desirable **Historic West Adams Historic Preservation Overlay Zone (HPOZ), this classic 1922 residence offers a rare opportunity to restore and personalize a home rich in character, architectural charm, and history. A brick-lined walkway leads to an inviting arched entry framed by mature landscaping and undeniable curb appeal. Inside, the home offers approximately 1,713 square feet with 4 bedrooms and 2 bathrooms (buyer to verify second bathroom), providing a versatile floor plan ready for its next chapter. The spacious living room with fireplace and dining area flows seamlessly into the kitchen, which features quartz countertops, stainless steel appliances, garden windows overlooking the backyard, and a dedicated laundry room with direct outdoor access. A convenient main-level bedroom offers flexibility as a home office, guest room, or multigenerational living space. One of the property's most exciting features is the basement with a separate exterior entrance, offering outstanding potential for conversion to an Accessory Dwelling Unit, home office, creative studio, or additional living space, subject to buyer verification and applicable approvals. The long driveway provides abundant off-street parking, while the backyard offers space to create a private outdoor retreat. This home presents an exceptional opportunity to preserve its historic character while creating a residence tailored to your own style and vision. Properties within the West Adams HPOZ are cherished for their distinctive architecture, beautiful streetscapes, and enduring sense of community, making this an opportunity not often available. Ideally situated just minutes from Downtown Los Angeles, Leimert Park Village, Culver City, Exposition Park, SoFi Stadium, the Metro E Line, and major freeway access, this home offers the perfect blend of historic charm and urban convenience. Bring your imagination and unlock the extraordinary potential of this Historic West Adams treasure. Information deemed reliable but not guaranteed. Buyer to independently investigate and verify all information concerning the property, including but not limited to square footage, lot size, permits, zoning, land use, property condition, room count, HPOZ requirements, ADU potential, basement use, development potential, and all other material facts.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
