3630 Chesapeake Ave: Build Wealth and Live Your Best Life in Crenshaw Manor

Buying a home is more than just a place to live—it’s an opportunity to build wealth and secure your financial future. Let’s break down what buying this charming home in Crenshaw Manor could mean for your long-term wealth versus continuing to rent.

If You Buy This Home Now, in 30 Years:

• Paid in Interest: $870K

• Built in Equity & Wealth: $2.1M

• Equity Growth: Start building equity immediately—typically 5-10% of your home’s value within the first 5 years, even as most early payments go toward interest.

If You Rent for 30 Years:

• Paid in Rent: $1.6M

• Built in Wealth: $0

When you buy, every payment moves you closer to owning an asset that grows in value. Renting, on the other hand, leaves you with nothing but receipts.

Why You’ll Love Living at 3630 Chesapeake Ave

Located in the highly sought-after Crenshaw Manor neighborhood, this home offers the perfect combination of financial opportunity and lifestyle perks.

Location Highlights:
Enjoy being within a mile of:

• Culver City Stairs: A local favorite for fitness and panoramic city views.

• Kenneth Hahn State Park: A green oasis with hiking trails and picnic areas.

• Expo Line Metro Station: Easy access to Santa Monica, Downtown LA, and beyond.

Nearby Dining Hotspots:
Savor local culinary delights just minutes away:

• Highly Likely Café (1.5 miles)

• Mizlala (1.6 miles)

• Johnny’s West Adams (1.6 miles)

How We Calculated the Costs

Here’s the math behind these numbers:

• Rent Estimate: $2,800/month, based on Zillow’s LA average.

• Interest Rate: 5.8%, based on MidFirst Bank’s Dream Home Loan program (5.87% APR) with 10% down and no mortgage insurance.

• Home Value Appreciation: Assumed at 3% per year, though this can vary depending on location and market trends.

• Rent Increases: Estimated at 3% per year.

House Hacking Opportunity

We can help you house hack this purchase, making homeownership even more accessible. This home qualifies for a $50K grant, which can cover your down payment and closing costs. Imagine owning this property with $0 out of pocket!

Why Crenshaw Manor is the Place to Be

Crenshaw Manor is renowned for its tree-lined streets, charming character, and proximity to some of LA’s best parks, restaurants, and transit. This home offers more than a roof over your head—it’s a lifestyle upgrade and a path to financial freedom.

Ready to turn rent into wealth? Let’s make it happen! Contact us today to learn more about this incredible opportunity and start building your future at 3630 Chesapeake Ave.