123 E 85th St
Los Angeles, CA, 90003
$600,000
MLS: 260002997SD
Beds
2
Baths
2
Sq Ft
1,225
Lot
—
Year Built
1925
MLS #
260002997SD
Days on Market
41
Listed
Feb 10, 2026
Description
Welcome to this 2-bedroom, 2-bath home offering approximately 1,225 sq ft of living space, nestled mid-block in a long-established South Los Angeles neighborhood. Zoned LAR3( Multi unit) The property is fully fenced and includes a detached one-car garage plus a storage shed for added convenience. Owned by the same family for over 40 years, this home reflects pride of ownership while offering the perfect opportunity for updates and personalization. Ideal for buyers seeking a value-add opportunity in a stable community.
Location
Los Angeles, Los Angeles County, CA 90003
Open on Google Maps ↗Listed by: Robert Davis · Robert Davis Realty
Payment estimate
$4,468
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $60,000 · Loan: $540,000
- Principal & Interest
- $3,318
- Property tax (1.25%)
- $625
- Homeowners insurance
- $300
- Mortgage insurance
- $225
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 $21,000 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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