$699,000
Original list price: $725,000
MLS: PW25254433
Beds
3
Baths
2
Sq Ft
1,322
Lot
0.13 ac
Year Built
1940
MLS #
PW25254433
Days on Market
96
Listed
Nov 5, 2025
Description
New Price! Located just minutes from the Kia Forum and SoFi Stadium, this 3-bedroom 2 Bath home in the heart of Gramercy Park offers endless potential in a prime location. The property is ready for some TLC, making it an ideal opportunity for buyers to customize and create value with it’s large open spaces. Large windows bring in natural light, and the large lot provides ample space for parking and outdoor enjoyment. Whether you're looking for a starter home or a project with upside, this property delivers convenience and opportunity for a buyer looking to build some sweat equity. Transform this well-situated home into something truly special and enjoy this growing neighborhood with growing mix of cafes, eateries, and boutique shops.
Location
Los Angeles, Los Angeles County, CA 90047
Open on Google Maps ↗Listed by: Alfredo Rosas · Landmark One Real Estate
Payment estimate
$5,275
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $69,900 · Loan: $629,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,985
- Property tax (1.25%)
- $728
- Homeowners insurance
- $300
- Mortgage insurance
- $262
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 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
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 $24,465 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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Local Market Stats
See Los Angeles, CA 90047 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
Only large teams outsell Mike Watson · Keller Williams Realty
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