2502 Armstrong Avenue
Los Angeles, CA, 90039
$1,995,000
MLS: 26669713
Beds
3
Baths
2
Sq Ft
1,979
Lot
0.22 ac
Year Built
1947
MLS #
26669713
Days on Market
20
Listed
Mar 31, 2026
Description
Across the street from the Silver Lake Reservoir is this effortlessly cool, character home on a 9,504 sqft lot with a shockingly large backyard. In the Ivanhoe School District and elevated above the street, the home offers both privacy and 360 degree views! Enjoy the views of the Reservoir, joggers and sunsets from the comfort of the picture windows in the living room, views of the San Gabriel Mountains from your backyard and Downtown skyline from upstairs. The floorplan is joyful and reminiscent of a time when dedicated spaces were the norm. Downstairs flows effortlessly from sunlit west-facing living room to formal dining room to eat-in kitchen with attached spacious mudroom + laundry room. Downstairs is completed with a family room and primary suite along with multiple access doors to the backyard. Upstairs are two charming bedrooms each with dormers facing the reservoir. The upstairs bathroom overlooks mountains and the backyard. There is also a large closet that could function as an excellent office. The backyard is remarkable in its size, utility and views. The yard is split into a front and rear section. The front section with brick path surrounded by small trees, foliage and is off the kitchen. Ideal for private dining and entertaining. The rear section is flat, open and park-like with a winding path that takes you past a couple fruit trees and opens to views of Silver Lake and the San Gabriels. Add a pool, build an ADU or both! In 22 years we've yet to come across a lot with this size and potential near the Reservoir. Finally, a two car garage at street level provides storage and EV charging capability. The property is an incredible value with immediate utility and unlimited upside potential.
Location
Los Angeles, Los Angeles County, CA 90039
Open on Google Maps ↗Listed by: Imraan Ali · Compass
Payment estimate
$14,158
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $199,500 · Loan: $1,795,500
- Principal & Interest
- $11,032
- Property tax (1.25%)
- $2,078
- Homeowners insurance
- $300
- Mortgage insurance
- $748
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 $69,825 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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