121 N Avenue 59
Los Angeles, CA, 90042
$1,375,000
MLS: 26666549
Beds
4
Baths
2
Sq Ft
1,577
Lot
0.10 ac
Year Built
1933
MLS #
26666549
Days on Market
28
Listed
Mar 18, 2026
Description
Be part of the North Avenue 59's renaissance just off Figueroa! Updated pricing to reflect $695 per square foot if including the oversized 400 SF garage! Located next door to Comet Over Delphi, Made by Pilates, and Planned Parenthood, this owner-user opportunity offers flexibility for a wide range of uses under C4 zoning. Currently leased to a non-profit, the property provides immediate income with future upside. Just up the block from the Metro Gold Line, the location offers convenient access from across Los Angeles, along with 36 public parking spaces across the street. Figueroa has established itself as one of LA's premier corridors for coffee, dining, retail, and nightlife, making this an ideal setting for a home or business looking to tap into Highland Park's continued growth.The property is a charming 1930s Spanish bungalow, built during the early days of Highland Park. With a bit of TLC, this 4bd + 2bth it can be transformed into a variety of uses with by right city approvals required. The oversized ~400 SF attached garage includes its own HVAC system and can be leased separately or seamlessly integrated into the main structure.Tours are by appointment only. Please do not disturb tenants.
Location
Los Angeles, Los Angeles County, CA 90042
Open on Google Maps ↗Listed by: Myles Rogg · Paloma Realty Partners, Inc.
Payment estimate
$9,851
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $137,500 · Loan: $1,237,500
- Principal & Interest
- $7,603
- Property tax (1.25%)
- $1,432
- Homeowners insurance
- $300
- Mortgage insurance
- $516
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 $48,125 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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