Tucked along one of Crenshaw Manor's most desirable residential streets, this thoughtfully transformed modern compound pairs sophisticated design with exceptional versatility in one of central Los Angeles' most desirable neighborhoods. The light-filled living area of the main house wraps around a gorgeously designed courtyard with a wall of windows, perfect for indoor-outdoor entertaining. It also has the very cool signature built-in indoor planter, a unique feature in several of the homes in this neighborhood. The spacious main residence offers over 1730 square feet with 3 generously proportioned bedrooms, each with its own en-suite bath, plus a stylish powder room for guests. The open main living space is anchored by a striking fireplace and flows seamlessly into a beautifully appointed chef's kitchen featuring quartz surfaces, custom cabinetry, designer tile work, premium stainless steel appliances, a statement vent hood, and an oversized 9-foot island designed for gathering. The primary suite offers a true retreat with a spacious walk-in closet and a spa-inspired bath featuring a freestanding soaking tub and oversized glass-enclosed shower, plus French doors that open to the beautifully landscaped backyard. Extensively upgraded throughout, the property offers updated electrical and plumbing, newer HVAC systems, energy-efficient windows, a newer roof, dual tankless water heaters, and elegant natural oak hardwood flooring. A standout feature of the property is the fully detached permitted nearly 400 sq ft ADU, offering true independence from the main home. Thoughtfully designed with its own private entrance, separate yard, full kitchen, full bath, laundry, and air conditioning, this beautifully finished space feels like a private second residence rather than a typical guest unit. Ideal for generating rental income, hosting extended family, accommodating long-term guests, or creating a dedicated work-from-home studio. Perfectly positioned just minutes from Culver City, Downtown Los Angeles, Metro access, Kenneth Hahn State Recreation Area, and neighborhood favorites including Highly Likely, Johnny's Pastrami and Maydan Market, this rare turnkey property delivers the ideal combination of design, flexibility, and long-term value in one of Los Angeles's most exciting neighborhoods. Listed as SFR with ADU as well! Offers will be reviewed Wednesday 5/27 at 12PM.
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.
