$399,000
MLS: 26846769
Beds
3
Baths
2
Sq Ft
1,014
Lot
0.34 ac
Year Built
1947
MLS #
26846769
Days on Market
0
Listed
Jun 12, 2026
Description
Calling all visionaries and savvy investors! Perched in the City Terrace area of unincorporated Los Angeles County, this property serves up incredible mountain views and a massive lot bursting with potential. If you've been looking for a project with serious upside, this is the one. The main residence is recorded as a 4-bedroom, 2-bathroom home, though it is currently configured as two separate 1-bedroom units (unpermitted). Additionally, the property features two separate accessory buildings with bathrooms (unpermitted), offering a unique footprint for those ready to roll up their sleeves. Whether you're dreaming of a sleek modern renovation, exploring ADU possibilities (buyer to verify), or creating an expansive outdoor retreat, the large lot provides the perfect canvas. The location is a major draw, offering quick access to major freeways, Cal State L.A., and the vibrant dining and shopping scenes of Downtown Los Angeles and its surrounding neighborhoods. Bring your contractor and your imagination to unlock the full potential of this hillside gem. Don't miss out on this opportunity to build equity and craft something truly special. Being sold in its current as-is condition via probate (no court confirmation required). This is an all-cash sale, and the seller will not be making any repairs or offering any credits. The property currently generates $1,300 in monthly income.
Location
Los Angeles, Los Angeles County, CA 90063
Open on Google Maps ↗Listed by: Edith Reyna · Compass
Payment estimate
$3,140
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $39,900 · Loan: $359,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $2,274
- Property tax (1.25%)
- $416
- Homeowners insurance
- $300
- Mortgage insurance
- $150
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
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 $13,965 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 90063 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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