11250 Mississippi Avenue
Los Angeles, CA, 90025
$1,385,000
MLS: 26637963
Beds
3
Baths
1
Sq Ft
1,178
Lot
0.10 ac
Year Built
1947
MLS #
26637963
Days on Market
49
Listed
Jan 15, 2026
Description
11250 Mississippi presents an exceptional development opportunity in prime West Los Angeles featuring a nearly Ready-to-Issue (RTI) project. The offering includes a teardown property with three bedrooms and two bathrooms. The included plans are for a modern four-unit apartment building designed for luxury townhouse-style living. Each unit is approximately 1,400 square feet with 2 bedrooms and 2.5 bathrooms, complemented by approximately 600 square feet of private rooftop space ideal for indoor-outdoor entertaining. The project also includes two on-site parking spaces per unit, a highly sought-after amenity in this submarket. Ideally located in the heart of Sawtelle, just moments from Sawtelle Boulevard's renowned dining and shopping, and minutes from UCLA, Westwood, Brentwood, Santa Monica, and Century City, this nearly RTI project offers a rare opportunity for developers to deliver high-demand new construction in one of West LA's most desirable and supply-constrained neighborhoods.
Location
Los Angeles, Los Angeles County, CA 90025
Open on Google Maps ↗Listed by: Heather Altman · Douglas Elliman of California, Inc.
Payment estimate
$9,921
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $138,500 · Loan: $1,246,500
- Principal & Interest
- $7,659
- Property tax (1.25%)
- $1,443
- Homeowners insurance
- $300
- Mortgage insurance
- $519
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 Los Angeles home with as little as 3.5% down using an FHA loan — roughly $48,475 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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