$700,000
MLS: 26873721
Beds
2
Baths
1
Sq Ft
1,062
Lot
0.07 ac
Year Built
1931
MLS #
26873721
Days on Market
1
Listed
Aug 17, 2026
Description
Charming Spanish-Style Home with Major Redevelopment Upside in the Heart of Mid-City. Welcome to a classic 1931 Spanish-style home offering both immediate charm and exceptional long-term potential in one of Los Angeles' fastest-growing corridors. This 2-bedroom, 1-bath residence spans 1,062 sq. ft. on a 3,200 sq. ft. lot, delivering timeless character alongside a rare development-ready zoning designation. Zoned LARD1.5, the property presents strong upside potential for redevelopment, additional units, or value-add opportunities. Whether you're an investor eyeing a renovate-and-hold strategy, a developer exploring multi-unit potential, or a flipper looking to reposition, this is a rare opportunity to plant a flag in Mid-City. Minutes from Culver City, West LA, and the Jefferson/La Brea corridor, Close to the Expo Line, I-10 Freeway, and major transit connections. Near Whole Foods, local restaurants, coffee shops, and everyday conveniences. Situated in a neighborhood known for its growth, culture, dining scene, and continued investment. Great real estate opportunity with endless potential in a prime, evolving location. Bring your vision this one is ready to be reimagined.
Location
Los Angeles, Los Angeles County, CA 90016
Open on Google Maps ↗Listed by: Letrice Barge · LA Top Broker, Inc.
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
$5,344
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $70,000 · Loan: $630,000
Average 30-yr fixed rate 6.67% as of Aug 13, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $4,053
- Property tax (1.25%)
- $729
- Homeowners insurance
- $300
- Mortgage insurance
- $263
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 13, 2026
- 30-year fixed
- 6.67%
- 15-year fixed
- 5.96%
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 $24,500 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
See Los Angeles, CA 90016 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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