4023 Monroe Street
Los Angeles, CA, 90029
$999,000
MLS: 26996263
Beds
2
Baths
1
Sq Ft
816
Lot
0.14 ac
Year Built
1922
MLS #
26996263
Days on Market
16
Listed
Oct 5, 2026
Description
A rare Silver Lake/Virgil Village view home with sweeping views of the Hollywood Hills and Griffith Observatory. It sits in one of the Eastside's most desirable pockets: close proximity to Sqirl, Courage Bagels, and Budonoki on Virgil Avenue, Erewhon on Santa Monica Blvd, and the coffee shops, and nightlife of Sunset Junction. 4023 Monroe St is a vacant single-story home, currently about 816 sq ft with 2 bedrooms and 1 bath, offered as-is and ready for its next owner's vision. The home already has new 200-amp electrical service, ready to support a full renovation and the permitted addition. Much of the hard work is already done. The City has issued a building permit with stamped plans that add a second floor, expanding the home to about 1,236 sq ft with 3 bedrooms and 2 baths. The new upper level is a private primary suite designed to take in even more of the view. Architecture, structural engineering, Title 24, and plan check are complete, saving a buyer months of design and approvals. The deep lot also offers room to add an ADU of up to approximately 1,000 sq ft at the rear of the house, either alongside the permitted second story or in place of it. Conceptual studies show a two-bedroom, two-bath attached unit with its own entry, creating the option of a main home plus income or space for extended family. Renovate and move in, or rehab and resell into a neighborhood where buyers compete for well-done homes. The RD1.5 lot of about 6,200 sq ft also offers longer-term upside for additional density, and preliminary small lot planning has been done. Minutes to Los Feliz, Hollywood, and the 101. No additional parking is required for the permitted project. Buyer to verify permit status, ADU feasibility and size, zoning, and development potential with the City of Los Angeles.
Location
Los Angeles, Los Angeles County, CA 90029
Open on Google Maps ↗Listed by: Judy Visutsiri · Compass
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
$7,940
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $99,900 · Loan: $899,100
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $6,225
- Property tax (1.25%)
- $1,041
- Homeowners insurance
- $300
- Mortgage insurance
- $375
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 Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
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 $34,965 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 90029 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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