Real estate investor and 775 fico score borrower was seeking a cash-out 2nd TD on this LA investment property to make cosmetic upgrades to this property and another 4-plex owned by the borrower.

The subject property is a single-story, bungalow style SFR sitting on a sizable 6,171 sqft lot in the Glassel Park neighborhood of Los Angeles.  Subject is a 714 sqft home with 2 bedrooms, 1 bath a kitchen and living room.  The property is conveniently located near the Glendale FWY as well as parks, recreation, shopping, schools, restaurants and medical facilities.  Subject rents for $2,500/month.

Recent Transaction – $77,500 Business Purpose Cash Out Re-Fi, LA, CA 90065