Real estate investor and 18-year employee of the same company was seeking a business purpose cash-out refinance for this non-owner occupied rental property to remodel the kitchen and bathroom.
Subject property is a two-level condominium located in the gated complex of Dronfield Villas in Sylmar, a neighborhood located in the San Fernando Valley area of LA County. The home is a 3 BR / 2 BA condominium that features a patio, central air conditioning and a 1 car garage – built in 1972. The Dronfield Villas community features a community pool and spa as well as greenbelt areas, and, is conveniently located near the 210 and 405 FWY’s. Shopping, dining and schools are all located within a few short blocks.
Recent Transaction – $53,000 Business Purpose, Sylmar, CA
