5847 Silva Street
Lakewood, CA, 90713
$898,000
MLS: PW26060259
Beds
2
Baths
2
Sq Ft
1,092
Lot
0.13 ac
Year Built
1950
MLS #
PW26060259
Days on Market
12
Listed
Apr 9, 2026
Description
ASSUMABLE VA LOAN! Welcome to this beautifully maintained, turnkey single-family home in the highly sought-after Lakewood Park neighborhood, known for its tree-lined streets and strong sense of community. Built in 1950 and situated on a 5,478 sq ft lot, this charming residence seamlessly blends classic character with thoughtful modern upgrades. A welcoming brick walkway and inviting curb appeal lead you into a bright, open-concept floor plan designed for comfortable everyday living and effortless entertaining. The spacious living room is filled with natural light and features a raised hearth brick fireplace, crown molding, recessed lighting, and a cozy window seat with plantation shutters. The updated kitchen has been thoughtfully modernized and opens directly to the living area, creating a seamless flow. It showcases a large granite island, ample cabinetry, granite countertops, a stylish tile backsplash, and stainless steel appliances—perfect for both hosting and daily use. Adjacent to the kitchen is a dedicated laundry room and convenient guest bath. A versatile rear bonus room with open beam ceilings and expansive windows offers the perfect space for a family room, game room, or indoor-outdoor entertaining area, with direct access to multiple patio spaces. Step outside to your private backyard retreat featuring a completely refinished pool, new pool pump, and updated return plumbing—providing both peace of mind and the ideal setting for relaxing or entertaining. The yard also includes a built-in BBQ area and two distinct patio spaces, with additional room to customize or expand your outdoor living. The home offers 2 bedrooms and 1¾ bathrooms, including a recently added three-quarter bath with a shower and toilet, as well as a fully remodeled primary bathroom featuring a walk-in shower with a built-in bench. Additional highlights include hardwood flooring, dual-pane windows, central heating and air conditioning, and a detached 2-car garage equipped with Level 2 EV charging readiness (240V), along with ample parking. Ideally located near shopping, dining, parks, and major freeways, this home offers the perfect combination of comfort, convenience, and lifestyle—an excellent opportunity for both homeowners and investors alike.
Location
Lakewood, Los Angeles County, CA 90713
Open on Google Maps ↗Listed by: Frank Abbadessa · RE/MAX College Park Realty
Payment estimate
$6,538
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $89,800 · Loan: $808,200
- Principal & Interest
- $4,966
- Property tax (1.25%)
- $935
- Homeowners insurance
- $300
- Mortgage insurance
- $337
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Lakewood home with as little as 3.5% down using an FHA loan — roughly $31,430 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Assumable Loan — Lock In a Below-Market Rate＋
This Lakewood property has an assumable mortgage, meaning a qualified buyer can take over the existing loan at its current interest rate — potentially far below today's market rates. Assumable financing can dramatically reduce your monthly payment and total interest cost over the life of the loan compared to qualifying for a new mortgage at prevailing rates. This is a rare and significant financial advantage; ask your agent for the current loan details.
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