Palmdale, CA

This loan is a first deed of trust on a single-family residence in Palmdale, CA. Located in northern Los Angeles County within the Antelope Valley, Palmdale is a growing community known for its established residential neighborhoods, aerospace and defense industries, and expansive desert surroundings. Situated approximately 60 miles north of Downtown Los Angeles, the city offers a mix of suburban living, commercial amenities, and convenient access to regional employment centers. Its transportation connections, including State Route 14 and Metrolink's Antelope Valley Line, provide access to neighboring communities and the greater Los Angeles area. The subject property, located at 4910 Pacifica Avenue, is a single-story, traditional-style residence situated in the established Pearland neighborhood. Originally constructed in 1986, the property contains approximately 1,529 square feet of living area on a 6,630-square-foot lot. The home features three bedrooms, two bathrooms, and an attached two-car garage. Interior amenities include stone countertops, stainless-steel appliances, tile flooring, updated bathrooms with custom stone finishes, and dual-pane windows. Additional features include central air conditioning, a tile roof, patio area, and block-wall fencing. The property is described as being in good overall condition, with kitchen and bathroom improvements completed within the past several years. The Borrower purchased the residence in 2006 and converted it to a rental property in 2018. The home is currently rented by the room, generating approximately $4,000 in monthly rental income, compared with an estimated market rent of $3,075 per month if leased to a single tenant. The purpose of the loan is to refinance the existing lien and provide additional cash out for property renovations and reserves. The Borrower intends to improve her credit profile and refinance into a debt service coverage ratio (DSCR) loan before maturity. The loan will have a maturity of 24 months.