Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
Pending

1242 N Virgil Avenue

Los Angeles, CA, 90029

1 / 5View all 5 photos

$875,000

MLS: 225005983

Beds

5

Baths

4

Sq Ft

2,751

Lot

0.13 ac

Year Built

1908

MLS #

225005983

Days on Market

80

Listed

Dec 20, 2025

Description

HUGE SHORT SALE PRICE REDUCTION: Attention Builders & Developers!SEEKING ALL CASH BUYER.FAST CLOSING.IN EXCELLENT RENTAL MARKET !New on the market is this great future 3 or 4 unit construction project . Garage was used as unpermitted 4th unit . Project is 20 % complete. SEEKING IMMEDIATE BUYER !Needed to complete around $600K.Will Not Last. MUST SHOW CASH PROOF OF FUNDS FOR IMMEDIATE ATTENTION. WE CAN HELP WITH CONSTRUCTION FINANCING ! GREAT TERMS !

Location

Los Angeles, Los Angeles County, CA 90029

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Listed by: Marjorie Noble · Noble Real Estate

Payment estimate

$6,378

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $87,500 · Loan: $787,500

%
Principal & Interest
$4,839
Property tax (1.25%)
$911
Homeowners insurance
$300
Mortgage insurance
$328
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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 $30,625 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.

Local Market Stats

See Los Angeles, CA 90029 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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