5848 1/2 Willoughby Avenue
Los Angeles, CA, 90038
$499,000
MLS: 26656609
Beds
1
Baths
1
Sq Ft
580
Lot
—
Year Built
1926
MLS #
26656609
Days on Market
23
Listed
Mar 3, 2026
Description
A rare opportunity to own in the heart of Hollywood, this charming 1920s residence blends timeless character with thoughtful modern updates. Ideal for a first home, creative pied-terre, or stylish alternative to renting. Updated flooring, a remodeled kitchen with newer appliances, in-unit laundry, and A/C provide the comforts today's buyers expect while preserving the building's vintage charm. The neighborhood continues to see strong demand with a mix of renovated historic homes and newer development, making it an appealing entry point into homeownership in a centrally located, lifestyle driven pocket of LA.
Location
Los Angeles, Los Angeles County, CA 90038
Open on Google Maps ↗Listed by: Alexandria Riley · The ONE Luxury Properties
Payment estimate
$3,766
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $49,900 · Loan: $449,100
- Principal & Interest
- $2,759
- Property tax (1.25%)
- $520
- Homeowners insurance
- $300
- Mortgage insurance
- $187
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 $17,465 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.
Local Market Stats
See Los Angeles, CA 90038 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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