716 New Depot Street F
Los Angeles, CA, 90012
$205,000
MLS: 26749097
Beds
2
Baths
2
Sq Ft
802
Lot
0.16 ac
Year Built
1989
MLS #
26749097
Days on Market
0
Listed
Apr 17, 2026
Description
Probate Sale! This property will be offered at a live auction at THE PROPERTY SITE on Sunday, May 3, 2026 at 03:15 PM. Auction day registration will be from 2:30 PM to 03:15 PM. This Condominium built in 1989 features 2 bedrooms and 2 bathrooms, +/-802 Sq Ft of living space, APN: 5407-007-045. The property is located near Chinatown. There is major water damage throughout the home. This is a major fixer. The owner passed away on the Property. In order to bid on auction day, ALL BIDDERS MUST HAVE IN THEIR POSSESSION a cashier's check for $10,000 (MADE PAYABLE TO NDA INC.) AND a blank personal check for the balance of the required 10% deposit AND proof of funds (no exceptions). This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. This sale is subject to court confirmation and overbid. The timing of the hearing is subject to the courts calendar approximately 2 months from the offer deadline date. After court confirmation there will be a 45-day escrow period. The Seller reserves the right to accept, counter or reject all offers. IN ALL CIRCUMSTANCES, THERE ARE NO FINANCING, APPRAISAL OR INSPECTION CONTINGENCIES. Estate of Chao Min Chen.
Location
Los Angeles, Los Angeles County, CA 90012
Open on Google Maps ↗Listed by: Rhett Richar Winchell · NDA Inc
Payment estimate
$1,724
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $20,500 · Loan: $184,500
- Principal & Interest
- $1,134
- Property tax (1.25%)
- $214
- Homeowners insurance
- $300
- Mortgage insurance
- $77
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 $7,175 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 90012 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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