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Property Review For 10539 Ilona Ave., LA CA 90064

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This property review is for the Westwood traditional home at 10539 Ilona Ave., LA CA 90064. The home sits on the north side of the street in nice tree lined block location. From the outside, the home has a very sweet cozy traditional feel that is landscaped neat and trim. When you step into the house, you land right into the formal living room. The living room features a big picture window looking out to the front yard, clean trim work, hardwood floors and a wood burning fireplace. A formal dining room separates the living room from the kitchen. The galley style kitchen is very clean. White tile counter tops and backsplash, white appliances and newer looking cabinetry highlight the kitchen. The bathroom in the house looks to be in immaculate condition even though it appears to be original. There are two bedrooms in the house with the rear bedroom having access out to the backyard. The backyard has some patio space just off the house and then a large grassy yard. Additionally, the detached 2 car garage is in the rear. Overall, the house is very charming and in good condition. According to the MLS, the home is a 2 bedroom / 1 bath, 1,225 sq ft on a 5,850 sq ft lot. The asking price is $849,000.

The following loan information is provided courtesy of Jeff Bowman from The Great Loan.Com. Also, for more up to date mortgage market and macro based info, see The Great Loan Blog.

Minimum Income Requirement (using 30Y Fixed): $180,000 , assumes no other debt/obligations.
Down payment needed: $120,000
Monthly Payment on 30Y Fixed at 5.75% with property taxes and mortgage insurance estimated:$5304.25
Minimum Income Requirement (using 5Y fixed): Client likely wouldn’t do a 5Y fixed here as the 30Y reflects the government loan programs.
A traditional Jumbo 5Y would require a 20% down payment and would be 5.25%.







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