321 W 120th Street
Los Angeles, CA, 90061
$500,000
MLS: 23260245
Beds
2
Baths
1
Sq Ft
1,200
Lot
0.12 ac
Year Built
1921
MLS #
23260245
Days on Market
990
Listed
Apr 13, 2023
Description
PROBATE MAJOR FIXER. Great Investor Opportunity. * NO COURT CONFIRMATION REQUIRED*. Property sits on an LAR3 lot and and is to be sold "AS IS". NO SELLER REPAIRS. Property WILL NOT be delivered vacant.
Location
Los Angeles, Los Angeles County, CA 90061
Open on Google Maps ↗Listed by: Alasia Christopher · Accent Realty
Payment estimate
$3,773
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $50,000 · Loan: $450,000
- Principal & Interest
- $2,765
- Property tax (1.25%)
- $521
- Homeowners insurance
- $300
- Mortgage insurance
- $188
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 $17,500 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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