5409 Fallbrook Avenue
Los Angeles, CA, 91367
$1,285,000
Original list price: $1,349,000
MLS: 26988097
Beds
4
Baths
2
Sq Ft
1,954
Lot
0.18 ac
Year Built
1945
MLS #
26988097
Days on Market
35
Listed
Sep 16, 2026
Description
INCOME POTENTIAL. Existing permitted 700sf rec room possible ADU conversion, alley access in the back (may require easement). Modern and updated Walnut Acres compound in coveted Woodlake, El Camino & Hale Charter school district. The property consists of 2 private structures with ample room to grow. The main home has 2 bedrooms plus oversized office that can be used as a 3rd bedroom (no closet). This main home showcases newer kitchens and baths with upgraded finishes, newer floors, windows, a/c, roof and electrical. Natural light throughout, tiled fireplace in living room and a brick covered porch at the front to enjoy overlooking the shaded expansive front yard. At the rear of the property is a two story structure: a 2-car garage, with bonus space on the lower level and a permitted 700 sf recreation room/living quarters on a full second level. Second unit is also remodeled and upgraded, complete with kitchen and private bedroom. ADU potential! plus property offers more room to expand, add on another Jr. ADU, etc.. Additionally the parcel has an alley in the back however, an easement is required for allowed access according to rear neighbors. Established landscape and shade trees, lovingly maintained, fully gated and private with remote access. Convenient to 101 access, Ventura Blvd., shops at Fallbrook, Topanga Village and other amenities Woodland Hills has to offer.
Location
Los Angeles, Los Angeles County, CA 91367
Open on Google Maps ↗Listed by: Tracy Fink · The ONE Luxury Properties
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
$10,128
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $128,500 · Loan: $1,156,500
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $8,007
- Property tax (1.25%)
- $1,339
- Homeowners insurance
- $300
- Mortgage insurance
- $482
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 $44,975 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.
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