Listing photoRosemead, CA 91770 · MLS 25623139
"Set on a large lot, the property is a fixer featuring three bedrooms and two baths."
2058 Redding Ave is a 2-bedroom, 1-bath home in Rosemead, California listed at $625,000 with 915 square feet, built in 1943. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 10% down ($62,500), we fund the $41,175 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. On a quiet street in Rosemead, this 1943 Traditional is your canvas for future ideas at a rarely seen price. Set on a large lot, the property is a fixer featuring three bedrooms and two baths. The large, flat backyard is ready for a garden or ADU; the detached garage can serve as a workshop.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | Yes |
| Buyer down payment | $62,500 (10%) | $218,750 (35%) |
| Loan at closing | $562,500 | $406,250 |
| Cosmetic renovation, rough estimate* | We fund $41,175 | Buyer pays $41,175 |
| Total loan | $603,675 | $406,250 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($9,055) | 1.5 ($6,094) |
| Appraisal | Required | None |
| Estimated monthly interest | $4,653 at full draw | $3,555 |
| Cash to close, rough estimate | $75,945 | $224,844 |
Rough estimates at the list price of $625,000 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $45 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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