Under ContractCondominium

716 New Depot Street F

Los Angeles, CA, 90012

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$326,000

Original list price: $370,000

MLS: 26749097

Beds

2

Baths

2

Sq Ft

802

Lot

0.16 ac

Year Built

1989

MLS #

26749097

Days on Market

16

Listed

Apr 17, 2026

Description

Probate Sale! Estate of Chao Min Chen. ALL CASH SALE! Buyer must provide 10% Cashiers Check payable to the ESTATE OF CHAO MIN CHEN and Proof of Funds! This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time is June 18th, 2026 at 8:30 am in Department 418 at 111 North Hill Street, Los Angeles, CA 90012. This 2 bed; 2 bath Condominium built in 1989 features +/-802 Sq Ft of living space, APN: 5407-007-045. The owner passed away on the Property. The property is located near Chinatown. There is major water damage throughout the home. This is a major fixer. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied.

Location

Los Angeles, Los Angeles County, CA 90012

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Listed by: Rhett Richar Winchell · NDA Inc

Payment estimate

$2,837

/ month (est.)

Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $32,600 · Loan: $293,400

%

Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.

$/ mo
Principal & Interest
$1,858
Property tax (1.25%)
$340
Homeowners insurance
$300
Mortgage insurance
$122
HOA dues
$217
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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 $11,410 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

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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Listing data provided by the MLS · Presented by Watson & Associates · Keller Williams Realty · mikewatsonrealtor.com
All information deemed reliable but not guaranteed. Contact listing agent to verify.