1259 S Alma
Los Angeles, CA, 90023
$499,000
MLS: CV26025271
Beds
2
Baths
1
Sq Ft
620
Lot
0.12 ac
Year Built
1924
MLS #
CV26025271
Days on Market
70
Listed
Feb 5, 2026
Description
An Investors delight, come remodel and add 1-2 ADUs or apartment building (check with city for possible permits). Smaller Home built in 1924, situated on a great lot. The home appears livable but must be updated and extensive systems work needed. There are fruit trees and lovely manicured garden that surround this home. Long driveway in a gated yard. Street is all residential with businesses and transportation nearby.
Location
Los Angeles, Los Angeles County, CA 90023
Open on Google Maps ↗Listed by: Norma Perez-Morin · LA CASA BELLA
Payment estimate
$3,766
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $49,900 · Loan: $449,100
- Principal & Interest
- $2,759
- Property tax (1.25%)
- $520
- Homeowners insurance
- $300
- Mortgage insurance
- $187
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 $17,465 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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