3940 Prospect Avenue
Los Angeles, CA, 90027
$1,299,000
MLS: 26858305
Beds
2
Baths
1
Sq Ft
1,017
Lot
0.11 ac
Year Built
1938
MLS #
26858305
Days on Market
20
Listed
Jul 10, 2026
Description
Situated in the coveted hills between Los Feliz and Silver Lake, this charming cottage offers peaceful privacy and a living experience that unfolds beyond the home in a lush private oasis that gradually reveals itself. The front sundeck overlooks neighboring rooftops and the city tableau that lies beyond - a setting for a morning coffee, or an evening glass of wine as the city skylines shimmer in the distance. Inside, hardwood floors, natural light, and preserved architectural details create an immediate sense of warmth. At the heart of the home, the living room opens to city and garden for effortless indoor-outdoor flow, and two generously sized bedrooms are complemented by a beautifully preserved vintage tiled bathroom. The charming kitchen extends through arched openings into a cozy breakfast nook, and the adjacent dining room overlooks the sunny front deck. French doors lead to the private rear patio, where you'll find a lounge area at the patinaed brick fireplace, and an inviting outdoor dining space by the kitchen windows that calls for quiet afternoons or intimate soirees. The landscape of the arising lot by the patio is lush and respectfully manicured, where mature foliages and trees have quietly found their places over decades. Ascending to the property's highest point is the owners' beloved Nest - a secluded sunset lounge situated beneath giant birds of paradise and the sheltering branches of an ancient, knobbly fig tree. The spacious deck of this hidden sanctuary spot feels like a home in itself. Its added bonus features are spectacular twilights and sunset views through the swaying canopy down to the home and to the city lights below. Down at street level, a spacious detached garage, currently used as a workshop for plants and art, offers potential to create a guest studio or ADU (buyer to verify). Moments from the cafes, restaurants, and shops of both Los Feliz and Silver Lake, the hiking trails in Griffith Park, and coveted elementary schools (Franklin & LILA) a short stroll away. This home is a rare find in one of the city's most desirable neighborhoods. For private showings, please text LA1. Thank you.
Location
Los Angeles, Los Angeles County, CA 90027
Open on Google Maps ↗Listed by: Corina Danckwerts · Keller Williams Realty Los Feliz
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$9,676
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $129,900 · Loan: $1,169,100
Average 30-yr fixed rate 6.69% as of Aug 6, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $7,536
- Property tax (1.25%)
- $1,353
- Homeowners insurance
- $300
- Mortgage insurance
- $487
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 Aug 6, 2026
- 30-year fixed
- 6.69%
- 15-year fixed
- 6.01%
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 $45,465 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
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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
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