742 Schumacher Drive
Los Angeles, CA, 90048
$3,215,000
MLS: 25625061
Beds
4
Baths
3
Sq Ft
2,674
Lot
0.30 ac
Year Built
1928
MLS #
25625061
Days on Market
85
Listed
Dec 4, 2025
Description
Massive double lot in the great neighborhood of Carthay Circle. Almost one-third of an acre. Original Tudor. Leaded glass throughout. Original finishings. Needs updating and renovation, but a rare find in this community. Land plus, plus, plus. Swimming Pool. Huge Backyard, possibly suitable for major expansion or guest unit. Beautiful wood-beamed ceilings and wood flooring. 2 wood-burning Fireplaces one in the Living Room and one in the Family Room. Outdoor brick barbecue. New Kitchen in the works. Formal Dining Room. Living Room. Family Room, 4 Bedrooms and 3 Bathrooms. There are no above-ground electrical wires or telephone poles in Carthay Circle. A little over 128 feet of frontage on Schumacher Drive per Public Records! (Buyer to verify.) Don't let this property slip by your buyers. Property is being sold AS-IS. Zoned LAR2 (Buyer to confirm.). Property is in Carthay Circle HPOZ,
Location
Los Angeles, Los Angeles County, CA 90048
Open on Google Maps ↗Listed by: Janine Gershon · Douglas Elliman
Payment estimate
$22,633
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $321,500 · Loan: $2,893,500
- Principal & Interest
- $17,778
- Property tax (1.25%)
- $3,349
- Homeowners insurance
- $300
- Mortgage insurance
- $1,206
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 $112,525 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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