1563 E 108th Street
Los Angeles, CA, 90059
$472,500
MLS: 25547989
Beds
3
Baths
1
Sq Ft
1,170
Lot
0.18 ac
Year Built
1920
MLS #
25547989
Days on Market
29
Listed
Jul 17, 2025
Description
* * Court Confirmation is set for 9/25/2025 at 8:30 AM in Probate Department 5 at 111 North Hill Street, Los Angeles, CA 90012. The minimum overbid shall be $475,625. Qualified overbidders must bring a cashier's check for 10% of the total purchase price made payable to "Downey Escrow Company" along with proof of funds and entity documents, if applicable. ** INVESTOR DELIGHT! 1920s California Bungalow on a deep, gated lot offers serious upside for a savvy builder or flipper. Interior is gutted with lath-and-plaster exposed, missing porch decking, and no functional kitchen or bathroom. Ideal blank canvas to reimagine modern floor-plan/ADU potential (buyer to verify zoning & permits). Long driveway accommodates multiple cars, work trucks or an RV, and the expansive rear yard is dotted with mature shade trees. Minutes to Earvin "Magic" Johnson Park, Metro A-Line, Watts Towers Arts Center, 105 & 110 fwys, local schools, and everyday shopping. Probate sale. sold strictly AS-IS; Bring your contractor and unlock the value!
Location
Los Angeles, Los Angeles County, CA 90059
Open on Google Maps ↗Listed by: Scott Greenberg · Equity Union
Payment estimate
$3,582
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $47,250 · Loan: $425,250
- Principal & Interest
- $2,613
- Property tax (1.25%)
- $492
- Homeowners insurance
- $300
- Mortgage insurance
- $177
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 $16,538 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
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