Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
Under ContractCondominium

1115 S Elm Drive 417

Los Angeles, CA, 90035

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$499,900

MLS: 26639691

Beds

1

Baths

2

Sq Ft

768

Lot

0.92 ac

Year Built

1972

MLS #

26639691

Days on Market

35

Listed

Jan 16, 2026

Description

****New price!!! $75,000 under the last sale in the building. ****Prime Beverly Hills adjacent location in the desirable Beverly Towers. Wait until you see this beautifully reimagined modern one bedroom and one and three quarter baths unit completed in 2022. This corner unit (only shares 1 wall) has a flowing open floor plan with great natural light. The newly remodeled kitchen features abundant storage, new cabinets, quartz counters, smart stainless steel appliances and bar for seating. Separate dining area that opens to the spacious living room with a dry bar and wine fridge. Large bedroom with excellent closet space. Spacious balcony. Oversized windows and sliders. Double drywalled for additional sound proofing, Hardwood style floors (waterproof vinyl), recessed lighting, newer paint. Unit looks out over the spacious courtyard. 2 car parking, central heat and a/c. Solid HOA with monthly dues of only $480 which include water, earthquake insurance and great amenities including pool, spa, fitness suite, rec room, and bike storage room and additional storage. Walk to Houses of Worship, great shopping, dining, and other well known destination points.

Location

Los Angeles, Los Angeles County, CA 90035

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Listed by: Sara Deskins · Compass

Payment estimate

$3,773

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $49,990 · Loan: $449,910

%
Principal & Interest
$2,764
Property tax (1.25%)
$521
Homeowners insurance
$300
Mortgage insurance
$187
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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 $17,497 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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