12020 Ocean Park
Los Angeles, CA, 90064
$1,699,000
MLS: CV26206872
Beds
2
Baths
1
Sq Ft
1,018
Lot
0.13 ac
Year Built
1951
MLS #
CV26206872
Days on Market
26
Listed
Sep 22, 2026
Description
Exceptional West Los Angeles development opportunity with RTI plans for three beautiful new residential units. Located at 12020 Ocean Park Blvd in a highly desirable West L.A. location, this property offers an excellent opportunity for developers, investors, or owner-users looking to build in one of Los Angeles’ sought-after Westside communities. RTI plans call for approximately 5,028 SF of new construction, featuring a duplex with two spacious 4-bedroom, 4-bathroom units, plus a 2-bedroom ADU, along with a 3-car garage. The existing residence is a tear-down, allowing the next owner to move forward with the approved development plans. The property is ideally situated near Santa Monica, Culver City, Mar Vista, Venice, and the Westside’s restaurants, shopping, parks, entertainment, and major transportation corridors. Enjoy convenient access to the beach, Westside amenities, and some of Los Angeles’ most desirable neighborhoods. RTI plans. Prime Westside location. Excellent development potential. Ready for the next owner to bring this exciting project to life. Buyer to independently verify all plans, permits, square footage, zoning, and development information with the appropriate City departments
Location
Los Angeles, Los Angeles County, CA 90064
Open on Google Maps ↗Listed by: Oscar Isidro Morales Limon · OPTION ONE REALTY & INVESTMENT
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
$13,294
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $169,900 · Loan: $1,529,100
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $10,587
- Property tax (1.25%)
- $1,770
- Homeowners insurance
- $300
- Mortgage insurance
- $637
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 Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
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 $59,465 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.
★#1 Producing Individual Realtor, Antelope Valley
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