715 E 83 Street
Los Angeles, CA, 90001
$575,000
MLS: PW26120197
Beds
2
Baths
1
Sq Ft
1,100
Lot
0.12 ac
Year Built
1926
MLS #
PW26120197
Days on Market
13
Listed
Jun 3, 2026
Description
Investor / Flipper Special or value oriented homeowner – 2-Bed Home on Large Lot with Proposed Schematic Plan Included! Classic California bungalow located in the heart of the Florence neighborhood. This solid residence on a spacious 5,101 sq ft lot offers excellent potential for value-add investors, developers, and flippers. The property is being offered as-is with a proposed SCHEMATIC plan included in the listing materials. This conceptual redesign demonstrates how the existing floor plan can be optimized — including the potential to create a 3-bedroom configuration along with improved kitchen flow, pantry, built-in storage, and stacked laundry area. Opportunity Highlights: • Proposed Plan shows smart reconfiguration for better functionality and potential 3rd bedroom • Large 5,101 sq ft lot with strong ADU potential under LAR2 zoning, duplex +2 ADU • Classic single-story layout ready for interior updates • Ideal for investors seeking sweat equity or redevelopment projects Conveniently located in Florence with easy access to public transit, shopping, major freeways, and downtown LA. This is a prime opportunity for buyers looking to customize or maximize returns in a neighborhood with growing demand. Whether you’re a developer, house flipper, or visionary homeowner, bring your ideas and make it your own!
Location
Los Angeles, Los Angeles County, CA 90001
Open on Google Maps ↗Listed by: Amela Cejvan · Alta Mira Realty, Inc.
Payment estimate
$4,392
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $57,500 · Loan: $517,500
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,278
- Property tax (1.25%)
- $599
- Homeowners insurance
- $300
- Mortgage insurance
- $216
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
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 $20,125 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.
Similar Homes Nearby
Active and pending listings in ZIP 90001 (Los Angeles)within ±10% of this home's price and size.
Local Market Stats
See Los Angeles, CA 90001 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
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.