220 E Avenue 38
Los Angeles, CA, 90031
$649,900
MLS: RS26056225
Beds
2
Baths
1
Sq Ft
780
Lot
0.07 ac
Year Built
1910
MLS #
RS26056225
Days on Market
33
Listed
Mar 14, 2026
Description
Great investment opportunity in a desirable Los Angeles location! This 2-bedroom, 1-bath property offers strong potential for investors, first-time buyers, or those looking to add value. The home features a spacious living room, functional kitchen, indoor laundry area, and an attic converted into a versatile den that can be used as a home office, creative space, or additional living area. Additional highlights include a tankless water heater, fenced back patio for outdoor enjoyment, and convenient front parking. The layout and existing features offer flexibility for future improvements or rental potential. Ideally located approximately 3 miles from Highland Park—a vibrant and growing neighborhood known for its restaurants, cafes, and boutique shops. Less than 4 miles from Dodger Stadium and about 4 miles from popular attractions such as Griffith Park and the iconic Hollywood Sign. The property also offers convenient access to Interstate 5 and California State Route 2, making commuting to Los Angeles and surrounding areas easy. With proximity to major attractions, entertainment venues, and outdoor recreation, this property presents an excellent opportunity for long-term rental income, value appreciation, or a strategic addition to your investment portfolio.
Location
Los Angeles, Los Angeles County, CA 90031
Open on Google Maps ↗Listed by: Luis Estrada · RE/MAX Dynasty
Payment estimate
$4,814
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $64,990 · Loan: $584,910
- Principal & Interest
- $3,594
- Property tax (1.25%)
- $677
- Homeowners insurance
- $300
- Mortgage insurance
- $244
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 $22,747 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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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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