601 W Avenue 28
Los Angeles, CA, 90065
$1,150,000
MLS: TR26160462
Beds
0
Baths
1
Sq Ft
856
Lot
0.10 ac
Year Built
1938
MLS #
TR26160462
Days on Market
29
Listed
Jul 22, 2026
Description
Rare corner-lot opportunity in the evolving Cypress Park neighborhood of Northeast Los Angeles. Offered primarily for land value, this approximately 4,433-square-foot parcel is zoned LARD2 and presents potential for a builder, developer, investor, or owner-user seeking a residential redevelopment opportunity. The property currently contains existing improvements and has been used as an automotive repair location; however, the business is not included in the sale, and the existing use is not represented as legally permitted or available for continuation. Property is being sold as-is, with no value assigned to the existing improvements. Buyer and buyer’s agent are strongly encouraged to independently investigate and verify zoning, permitted uses, development potential, lot and building square footage, permits, Certificate of Occupancy, environmental conditions, utilities, and all other property information with the City of Los Angeles and appropriate professionals. Please do not disturb the occupant. Drive by only unless an appointment has been confirmed. The property is zoned Store/Office (mixed use), per the City or County property is to be zoned LARD2
Location
Los Angeles, Los Angeles County, CA 90065
Open on Google Maps ↗Listed by: Marina Ramirez-Lomeli · eXp Realty of Southern Ca, 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
$8,574
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $115,000 · Loan: $1,035,000
Average 30-yr fixed rate 6.65% as of Aug 20, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $6,644
- Property tax (1.25%)
- $1,198
- Homeowners insurance
- $300
- Mortgage insurance
- $431
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 20, 2026
- 30-year fixed
- 6.65%
- 15-year fixed
- 5.95%
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 $40,250 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 90065 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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