1316 Allesandro
Los Angeles, CA, 90026
$1,150,000
MLS: DW26072000
Beds
2
Baths
2
Sq Ft
1,241
Lot
0.19 ac
Year Built
1903
MLS #
DW26072000
Days on Market
3
Listed
Apr 13, 2026
Description
Welcome to 1316 Allesandro St, a beautifully updated property offering exceptional value in today’s market. With a projected value of approximately $1.25M, this home is strategically priced at $1,150,000 to reflect its current condition and provide immediate upside for the right buyer. The property has already undergone key updates, creating a solid foundation for your final touches. Featuring a generous lot size for the area, this home offers excellent potential for expansion, outdoor enhancements, or maximizing long-term value. Important Note: The property is currently missing an electrical meter. Estimated cost to install a new meter is approximately $50,000 or less, making this a manageable improvement relative to the built-in equity. This is a cash-only opportunity, ideal for investors, developers, or savvy buyers looking to capitalize on a well-located asset with strong upside potential. Sold As-Is. Don’t miss your chance to secure a property with immediate equity and room to grow in a desirable Los Angeles location.
Location
Los Angeles, Los Angeles County, CA 90026
Open on Google Maps ↗Listed by: Ixbalanque Garcia · Won Suk Kim Real Estate, Inc.
Payment estimate
$8,288
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $115,000 · Loan: $1,035,000
- Principal & Interest
- $6,359
- Property tax (1.25%)
- $1,198
- Homeowners insurance
- $300
- Mortgage insurance
- $431
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 $40,250 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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