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LTV 71%

848 Melham, La Puente

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Investment Summary

This La Puente home is located conveniently between the 10, the 60, and the 605 FREEWAY'S and has been completely redone. Featuring 3 generously-sized bedrooms and 1 full bathroom, along with a POOL, and a HUGE GARAGE. 

This home has NEW paint inside and out, NEW granite counter tops accompanied by NEW cabinets and NEW tile in the kitchen. NEW Carpet and NEW padding has just replaced the old and the bathroom has been NEWLY remodeled. NEW Artistic doors and NEW windows have replaced the old ones throughout the property. Newly seeded grass and other upgrades to the landscaping have been done. Replacement on some of the pluming and electrical was also done. 

$280,000 funded of $280,000

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Q&A Click the question for an answer!

  • Question:

    Please explain the difference in the purchase price cited in the appraisal and what is listed on the offering page.

    Answer by Patch of Land

    The borrower purchased a 50% ownership stake in the subject property for $945,600. On 09/21/2015, the borrower purchased an additional $650,000 of equity, increasing their total ownership stake to 82.5%, in the subject property. This change increased the purchase price to $1,560,240.

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