Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

2251 Cambridge

Los Angeles, CA, 90006

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$1,490,000

MLS: DW25268696

Beds

4

Baths

3

Sq Ft

2,420

Lot

0.14 ac

Year Built

1912

MLS #

DW25268696

Days on Market

87

Listed

Dec 31, 2025

Description

A RARE OPPORTUNITY WITH GREAT ADU & INVESTMENT POTENTIAL! Welcome to 2251 Cambridge Street, a beautifully updated 4-bedroom, 3-bath home offering 2,420 sq. ft. of living space on a well-sized 6,009 sq. ft. lot — providing flexibility and long-term upside rarely found in this area. This move-in-ready residence features an inviting open-concept floor plan, a modern renovated kitchen, and bright, spacious living areas ideal for both everyday comfort and entertaining. One of the property’s strongest advantages is its generously sized backyard, offering excellent potential for a future ADU—perfect for additional rental income, a guest suite, or multi-generational living. Combined with its prime location, this home is an excellent opportunity for both owner-users and investors. Perfectly situated in the heart of Koreatown, one of Los Angeles’ most vibrant and high-demand neighborhoods, this property offers exceptional investment appeal. The central location makes it ideal for Airbnb, short-term stays, or long-term rentals, with strong year-round demand thanks to its proximity to restaurants, shops, cultural hotspots, and major freeways. Whether you're seeking a comfortable family home with expansion potential or looking to maximize rental income, this property offers versatile possibilities. Schedule your private tour today — homes with this level of investment potential in Koreatown don’t come often!

Location

Los Angeles, Los Angeles County, CA 90006

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Listed by: Tiffany Lee · Rocky Estates

Payment estimate

$10,650

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $149,000 · Loan: $1,341,000

%
Principal & Interest
$8,239
Property tax (1.25%)
$1,552
Homeowners insurance
$300
Mortgage insurance
$559
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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 $52,150 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.

Local Market Stats

See Los Angeles, CA 90006 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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