1842 Phillips Way
Los Angeles, CA, 90042
$1,299,000
MLS: 26865813
Beds
2
Baths
2
Sq Ft
1,469
Lot
0.55 ac
Year Built
1937
MLS #
26865813
Days on Market
6
Listed
Jul 29, 2026
Description
Rare Highland Park opportunity-Nearly Half an Acre with two Units! Perched atop a hill on a quiet street, in prime "North-of-York" Highland Park, this park-like property spans over 23,000 SF-- a rare combination of privacy, usable outdoor space and longterm flexibility in one of Northeast LA's most sought-after neighborhoods. Enjoy a peaceful, country-like setting in the middle of the city, with western views stretching to Griffith Park, Century City and beyond. Watch the city lights twinkle from the front porch, which overlooks a large front yard. The sloped back hill is ideal for terracing or an urban farm. Two homes on one lot: Front House--a charming (1069 sq ft)CA bungalow with 2 cozy bedrooms and full bath. Move in ready, live here while you build your dream home or renovate to make it your own. Back Unit--a (450 sq ft) studio loft with full kitchen, bath and wraparound deck overlooking Debs Park and your private hillside park-like grounds. History of successful long and short term rental use. With room to expand, build anew , or simply enjoy as-is, this expansive lot offers an exceptional setting for gardens, entertaining, or redevelopment---just blocks from the restaurants and shops of York Blvd, surrounded by the character and energy that make Highland Park one of LA's premier neighborhoods. Bring your vision---this is a rare chance to make it your own sanctuary.
Location
Los Angeles, Los Angeles County, CA 90042
Open on Google Maps ↗Listed by: Maria Demme · ideal Properties
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$9,653
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $129,900 · Loan: $1,169,100
Average 30-yr fixed rate 6.66% as of Jul 30, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $7,513
- Property tax (1.25%)
- $1,353
- Homeowners insurance
- $300
- Mortgage insurance
- $487
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 Jul 30, 2026
- 30-year fixed
- 6.66%
- 15-year fixed
- 6.04%
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 $45,465 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 90042 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
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