2612 Locksley Place
Los Angeles, CA, 90039
$2,998,000
MLS: 26998421
Beds
13
Baths
9
Sq Ft
8,423
Lot
0.35 ac
Year Built
1938
MLS #
26998421
Days on Market
2
Listed
Oct 11, 2026
Description
2612-2618 1/2 Locksley Place is a beautifully maintained Traditional style apartment property in the heart of prime Silver Lake. The rare offering is comprised of two separate legal parcels and combines a stable existing income stream with two units delivered vacant at the close of escrow. 7 of the units are occupied, 6 are on month-to-month tenancies. In-place income is $225,135 annually; add the projected income from the 2 vacant units and annual income is estimated at $283,935. The two vacant units carry no rent-stabilized ceiling on initial rent, allowing the buyer to establish market rents at the outset and reset the property's income basis without waiting for turnover. Eight single garages serve the property, and most units are equipped with an owner-supplied stove and refrigerator. Every unit has its own ductless mini-split system and water heater. Many units enjoy hillside views and 2 units have bedroom balconies. The exterior has been freshly painted and is beautifully landscaped. Interiors retain their 1938 character featuring hardwood floors, period moldings and accents, and vintage tiled kitchens and bathrooms. The offering includes two 4 unit buildings plus an additional nonconforming unit that has been rented continuously for many years and is now vacant. The tax records, Department of City Planning Property Profile Report, RSO Statement Of Registration reflect this unit. The original Certificate of Occupancy for the buildings reflects a total of 8 units. Offered for the first time in 46 years, this is a rare opportunity to acquire a character property in a prime Silver Lake location with immediate upside from the two vacant units and additional future potential. Two separate legal parcels, give a buyer the flexibility to investigate possible ADU development and/or the potential to sell the parcels separately. Buyer to independently investigate and verify all development, ADU, subdivision and resale possibilities. 5438-016-005 and 5438-016-006 included in the sale.
Location
Los Angeles, Los Angeles County, CA 90039
Open on Google Maps ↗Listed by: Dan Mancinelli · Berkshire Hathaway HomeServices California 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
$23,229
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $299,800 · Loan: $2,698,200
Average 30-yr fixed rate 7.40% as of Oct 8, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $18,682
- Property tax (1.25%)
- $3,123
- Homeowners insurance
- $300
- Mortgage insurance
- $1,124
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 Oct 8, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.73%
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 $104,930 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 90039 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
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.