Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

1017 S Alfred Street

Los Angeles, CA, 90035

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$1,990,000

MLS: 23231619

Beds

4

Baths

3

Sq Ft

3,100

Lot

0.17 ac

Year Built

1936

MLS #

23231619

Days on Market

579

Listed

Jan 12, 2023

Description

EXCEPTIONAL INVESTMENT OPPORTUNITY. Location, location, location. Beautiful French Normandy duplex located in the Beverly Hills adjacent area.Walking distance to shopping and restaurants. The expansive 7,400 square foot lot provides a luscious backyard with a mature citrus tree, a perfect space for quiet nights or outdoor entertaining. Rare semi-private alley access, and 2 garages that can fit up to 3 cars plus a carport that can fit an RV. The lower unit has 2 bedrooms and 1 bath and the upper unit has 2 bedrooms and 2 bathrooms. The property is well-suited to add up to two ADUs (buyer to verify). Seller has invested in substantial building upgrades in the past few years while retaining the original charm of the house. Each room has been meticulously decorated. Large windows, easy-maintenance vinyl flooring, and plenty of storage throughout the unit. The kitchen is equipped with stainless steel appliances. This is a turn-key property ready for it's next owner. This property is part of the South Cathay HPOZ.

Location

Los Angeles, Los Angeles County, CA 90035

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Listed by: Vito Teruna · Kape Property Management, Inc.

Payment estimate

$14,123

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $199,000 · Loan: $1,791,000

%
Principal & Interest
$11,004
Property tax (1.25%)
$2,073
Homeowners insurance
$300
Mortgage insurance
$746
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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 Los Angeles home with as little as 3.5% down using an FHA loan — roughly $69,650 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.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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