3812 E 1 st
Los Angeles, CA, 90063
$950,000
MLS: PF26118594
Beds
15
Baths
12
Sq Ft
6,930
Lot
0.23 ac
Year Built
1958
MLS #
PF26118594
Days on Market
11
Listed
Jun 1, 2026
Description
Seize a rare development opportunity in the heart of Los Angeles. This property comes with approved plans for 6 units — three 3-bedroom/2-bath and three 2-bedroom/2-bath — sitting on a spacious lot ready for your next project. The hard work is already done. No planning headaches, no delays. Just a clear path to breaking ground. Located minutes from Downtown Los Angeles and Monterey Park, the property is surrounded by popular eateries, shopping, and all the amenities that make this one of the city's most desirable corridors. Whether you're an experienced developer or looking to make your mark, this is the kind of turnkey opportunity that rarely comes to market. Don't let it pass you by.
Location
Los Angeles, Los Angeles County, CA 90063
Open on Google Maps ↗Listed by: Dina Corchado · BOT Real Estate
Payment estimate
$7,061
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $95,000 · Loan: $855,000
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,415
- Property tax (1.25%)
- $990
- Homeowners insurance
- $300
- Mortgage insurance
- $356
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 $33,250 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 90063 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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