$995,000
MLS: 26865657
Beds
2
Baths
1
Sq Ft
1,284
Lot
0.16 ac
Year Built
1921
MLS #
26865657
Days on Market
4
Listed
Jul 29, 2026
Description
We are pleased to present a compelling development opportunity in the heart of the West Adams/Mid City submarket. Situated on a 7,151 SF lot, the property is zoned LAR2, allowing for the construction of 2 units by right + ADUs. The site is currently improved with an owner-occupied single-family residence and will be delivered 100% vacant, providing developers with a clean path to pursue their vision. The property offers multiple potential strategies, including maximizing the existing LAR2 zoning, potentially utilizing SB 684 to pursue a small-lot subdivision, or developing a brand-new single-family residence. Beyond the development potential, the existing single-family residence is in good condition and offers an additional opportunity for renovation and repositioning, giving buyers multiple avenues to unlock the value of the property. Ideally positioned between West Adams, Mid City, Culver City, and Miracle Mile, the property offers convenient access to some of Central Los Angeles' most desirable dining, retail, entertainment, and employment destinations. With its sizable lot, vacant delivery, development flexibility, and highly central location, the property represents a rare infill opportunity in one of Los Angeles' most dynamic and well-connected submarkets. *Buyer to independently verify SB 684 eligibility and all development potential.
Location
Los Angeles, Los Angeles County, CA 90016
Open on Google Maps ↗Listed by: Adam Shamooelian · Keller Williams Beverly Hills
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
$7,464
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $99,500 · Loan: $895,500
Average 30-yr fixed rate 6.66% as of Jul 30, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,755
- Property tax (1.25%)
- $1,036
- Homeowners insurance
- $300
- Mortgage insurance
- $373
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 $34,825 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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Local Market Stats
See Los Angeles, CA 90016 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
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