3892 Cherrywood Avenue
Los Angeles, CA, 90008
$1,399,900
MLS: DW26044585
Beds
3
Baths
2
Sq Ft
2,461
Lot
0.13 ac
Year Built
1941
MLS #
DW26044585
Days on Market
48
Listed
Mar 5, 2026
Description
**Single Family Home + Fully Permitted ADU in Leimert Park** Why pay someone else's mortgage when this property can help pay yours? This property offers a rare opportunity to own 2 homes on 1 lot in one of Los Angeles' most culturally rich and sought-after neighborhoods — Leimert Park. The main home features 3 bed, 2 baths, plus a den — expanded with a brand-new 360 sq ft addition that added a bedroom, bathroom, and dedicated den space. Interior upgrades include new flooring and moldings throughout, recessed lighting, ceiling fans, updated interior paint, and a refreshed original bathroom. Oversized bedrooms provide exceptional comfort, while block walls along most of the perimeter deliver the kind of privacy rarely found in the city. The crown jewel is the newly constructed, fully permitted 842 sq ft ADU above the 2-car garage — a true 2-bedroom, 1.5-bathroom residence with its own separate entrance. With most appliances included, it's ready to generate a solid amount in rental income. The ADU dramatically offsets monthly carrying costs and delivers immediate return on investment from day one. Whether used for rental income, multigenerational living, or a private guest retreat, this ADU is a genuine asset. Total permitted living space: 2,461 sq ft. Priced at $568/sq ft — well below the neighborhood average for updated properties of this caliber. Two homes. One price. One smart move. Call for a private tour.
Location
Los Angeles, Los Angeles County, CA 90008
Open on Google Maps ↗Listed by: Carlos Munoz · Century 21 A Better Service
Payment estimate
$10,024
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $139,990 · Loan: $1,259,910
- Principal & Interest
- $7,741
- Property tax (1.25%)
- $1,458
- Homeowners insurance
- $300
- Mortgage insurance
- $525
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 $48,997 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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