1232 N El Centro Avenue
Los Angeles, CA, 90038
$1,295,000
MLS: P1-27660
Beds
3
Baths
2
Sq Ft
2,195
Lot
0.16 ac
Year Built
1920
MLS #
P1-27660
Days on Market
3
Listed
Jun 18, 2026
Description
This quintessential private, gated compound in the heart of Hollywood is available for the first time in 43 years. The captivating Spanish style home offers a blend of classic Hollywood architecture with newer modern updates. The main residence spans a generous 1680 square feet, offering three spacious bedrooms and two beautifully appointed tile baths. The open floorplan includes rich exposed wood floors, recessed lighting, and an elegant fireplace. The updated gourmet kitchen features premium finishes, custom cabinetry, and quartz countertops. Large windows flood the open living spaces with natural light throughout the home. At the end of the long private driveway is a permitted and independent 515 square foot ADU. Also completely updated, the unit features its own distinct charm including one bedroom, one bath, a cozy living room, and a full kitchen. The ADU offers full privacy and comfort for guests or tenants. New terracotta front patio and steps invite you into the house. The private grounds feature a detached garage and ample parking for multiple vehicles. The 6888 square foot lot is zoned LARD 1.5, allowing for a developer to build multiple units on the lot (must be verified with city). Located just moments from Paramount Studios, Melrose Avenue shopping, and world renowned Hollywood Walk of Fame, this gated property is centrally located for the most discerning buyer.
Location
Los Angeles, Los Angeles County, CA 90038
Open on Google Maps ↗Listed by: Bill Podley · COMPASS
Payment estimate
$9,478
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $129,500 · Loan: $1,165,500
Average 30-yr fixed rate 6.47% as of Jun 18, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $7,344
- Property tax (1.25%)
- $1,349
- Homeowners insurance
- $300
- Mortgage insurance
- $486
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 18, 2026
- 30-year fixed
- 6.47%
- 15-year fixed
- 5.81%
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 $45,325 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 90038 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
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