318 Parkman Avenue
Los Angeles, CA, 90026
$1,795,000
MLS: 26661119
Beds
6
Baths
2
Sq Ft
2,031
Lot
0.14 ac
Year Built
1960
MLS #
26661119
Days on Market
85
Listed
Mar 10, 2026
Description
A rare jewel in the heart of 90026 (South Silver Lake and Echo Park adjacent), this exceptional income property features two beautifully remodeled 3-bedroom, 1-bath townhouse-style residences, offering the perfect blend of modern design, strong rental income, and iconic Los Angeles views. Both units are currently leased, providing immediate income and established tenancy, making this an outstanding turnkey investment opportunity. Originally rebuilt in 2015, the property has been thoughtfully upgraded with new plumbing, electrical systems, water heaters, modern kitchens, and updated bathrooms, offering both style and peace of mind. Each residence showcases soaring 12-foot ceilings, open-concept living spaces, and a sleek contemporary aesthetic. Stainless steel appliances, in-unit stackable washer and dryer, and spacious floor plans create an attractive living environment that appeals to quality tenants. The front of the property features inviting outdoor entertainment areas with patio furnishings, perfect for enjoying breathtaking views of the Hollywood Hills, the iconic Hollywood Sign, and Griffith Observatory. Beautiful landscaping and mature fruit trees add greenery and charm throughout the property.At the rear, a large gated area provides parking for up to six vehicles, along with a private rear entrance and additional storage space for added convenience.Ideally located within walking distance of local schools, shops, and neighborhood amenities, and just moments from the vibrant hotspots of Virgil Village, Silver Lake, Echo Park, and DTLA, this 90026 gem presents a rare opportunity to acquire a well-maintained, income-producing asset in one of Los Angeles' most sought-after neighborhoods. A truly exceptional investment opportunity. Call today for additional details.
Location
Los Angeles, Los Angeles County, CA 90026
Open on Google Maps ↗Listed by: Elvia Vasquez · Keller Williams Realty Los Feliz
Payment estimate
$13,075
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $179,500 · Loan: $1,615,500
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $10,232
- Property tax (1.25%)
- $1,870
- Homeowners insurance
- $300
- Mortgage insurance
- $673
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
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 $62,825 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.
Similar Homes Nearby
Active and pending listings in ZIP 90026 (Los Angeles)within ±10% of this home's price and size.
$1,699,000
1529 Parmer Avenue
Los Angeles, 90026
$1,795,000
2137 Santa Ynez Street
Los Angeles, 90026
$1,795,000
3462 Descanso Drive
Los Angeles, 90026
$1,950,000
3439 Winslow
Los Angeles, 90026
Local Market Stats
See Los Angeles, CA 90026 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.