INVESTOR ALERT!!!! Rentals are 7-day minimum! Are you looking for a spot to call home, vacation in, or rent that's less than 1 block to the Venice Beach? This is the property for you. Beautifully renovated 2 bedroom/1 bath condo walking distance to the beach, South Jetty, and Venice's downtown Mainstreet. Stay a couple of nights, months, or year-round, Coco Palms is the perfect setting. Enjoy a beautiful morning evening downstairs in the courtyard with the warm breezes coming from the Gulf just up the road. This unit is tastefully decorated an comes turnkey furnished. The kitchen has soft-close cabinets and full-sized new appliances. The bathroom is lovely with a walk-in shower with glass doors and floor to ceiling tiles. The bedrooms are generous in size, both with large closets. This spacious end unit has a fantastic layout with a living room/dining room combo. Entire unit has gorgeous vinyl plank flooring which just adds to the light and bright unit. This truly is a great location to the Venice Public Beach, Centennial Park, Venice Little Theatre, Venice Art Center, and historic downtown where you will find plenty of shopping, restaurants, and entertainment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$429,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $343,920 | $343,920 | $343,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $285 | $285 | $285 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,288 | $2,286 | $2,900 |
Total Monthly Payment | $2,648 | $2,646 | $3,260 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.