(No pictures available yet)
$2,349,000
MLS: P1-27003
Beds
2
Baths
2
Sq Ft
1,648
Lot
0.15 ac
Year Built
1950
MLS #
P1-27003
Days on Market
2
Listed
May 6, 2026
Description
Situated on a beautiful street in the heart of highly desirable Mar Vista, this exceptional property offers a rare opportunity for homeowners, investors, and developers alike. The existing residence features 2 beds and 2 baths across approximately 1,678 sqft on a generous 6,475 sqft lot, complete with a detached garage, additional rear rec room, expansive yard space, and excellent frontage on one of the neighborhood's most attractive streets.What truly sets this offering apart is the incredible future development potential. With RTI plans ready, you can start building right away! Included are plans for a stunning modern luxury compound totaling 4,621 square feet, consisting of a 3,469 sqft main residence paired with an attached 1,152 sqft ADU. Thoughtfully designed for maximum flexibility and functionality, the ADU features its own separate entrance and house #, making it ideal for multigenerational living, private guest quarters, in-laws, or substantial rental income potential.The proposed architectural design embraces sophisticated contemporary living with expansive open-concept interiors, soaring natural light, seamless indoor-outdoor flow, and approximately 1,000 square feet of additional outdoor living space including decks, balconies, and porches. The layout has been meticulously crafted to offer both openness and privacy, accommodating either one large family or two separate households with ease.Luxury amenities include multiple fireplaces, heated pool with waterfall feature, solar panels, electric vehicle charging, premium natural stone finishes, striking metal cladding, sumptuous en-suite bedrooms, and a serene Japanese garden-inspired landscape concept that creates a tranquil private retreat in the middle of the city. Every detail of the floor plan has been designed to maximize usability, comfort, entertaining, and modern California living.The project was designed by a highly regarded architect whose luxury developments have repeatedly achieved exceptional resale values across the Westside. The strength of the market is evident, with nearby record-breaking sales such as 11948 Modjeska Pl sold for $10m, highlighting the tremendous upside and demand for high-end modern products in the area. For developers and investors, this represents a compelling opportunity with strong projected resale potential, while end-users have the unique ability to create a dream estate tailored for luxury living in one of West LA's most sought-after neighborhoods.
Location
Los Angeles, Los Angeles County, CA 90066
Open on Google Maps ↗Listed by: Derek Liu · Premier Realty Associates
Payment estimate
$16,810
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $234,900 · Loan: $2,114,100
- Principal & Interest
- $13,182
- Property tax (1.25%)
- $2,447
- Homeowners insurance
- $300
- Mortgage insurance
- $881
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 May 7, 2026
- 30-year fixed
- 6.37%
- 15-year fixed
- 5.72%
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 $82,215 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 90066 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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