1172 Mirasol Street
Los Angeles, CA, 90023
$550,000
Original list price: $599,900
MLS: RS26138731
Beds
3
Baths
2
Sq Ft
896
Lot
0.11 ac
Year Built
1923
MLS #
RS26138731
Days on Market
74
Listed
Jun 25, 2026
Description
Investor & Entrepreneurial Opportunity in Boyle Heights! Bring your vision, creativity, and entrepreneurial spirit to this value-add single-family residence featuring 3 bedrooms, 2 bathrooms, approximately 896 square feet of living space, situated on a 5,000-square-foot LAR2-zoned lot. Built in 1923, this property offers an exciting opportunity for investors, contractors, cash buyers, and anyone with the business acumen to recognize the potential of buying at an attractive price and creating value through thoughtful improvements. Whether your goal is to renovate and resell, hold as an investment, or transform the property into the perfect family home customized to your own taste and style, this is an opportunity to start with a property that offers tremendous potential and make it your own. The property is being sold strictly As-Is, with no repairs or credits to be provided by the seller. Cash offers are preferred with a 30-day escrow. Proof of funds is required, and offers with no contingencies are strongly preferred. Buyers are advised to conduct their own investigations regarding the property's condition, zoning, permits, occupancy, and any future development potential. Conveniently located in the heart of Boyle Heights with easy access to Downtown Los Angeles, the 5, 10, and 60 Freeways, shopping, schools, parks, and public transportation, this property represents a compelling opportunity for a resourceful buyer with vision—someone prepared to look beyond its current condition, recognize its potential, and create a home or investment that reflects their own goals and style.
Location
Los Angeles, Los Angeles County, CA 90023
Open on Google Maps ↗Listed by: Tony Lopez · Coldwell Banker Envision
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$4,277
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $55,000 · Loan: $495,000
Average 30-yr fixed rate 6.71% as of Sep 3, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,197
- Property tax (1.25%)
- $573
- Homeowners insurance
- $300
- Mortgage insurance
- $206
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 Sep 3, 2026
- 30-year fixed
- 6.71%
- 15-year fixed
- 6.04%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $19,250 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
See Los Angeles, CA 90023 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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