Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

8021 Towne Avenue

Los Angeles, CA, 90003

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$490,000

MLS: 24378467

Beds

1

Baths

1

Sq Ft

440

Lot

0.03 ac

Year Built

1926

MLS #

24378467

Days on Market

657

Listed

Apr 10, 2024

Description

**THIS PROPERTY WILL REMAIN ON HOLD DUE TO TITLE CONFIRMATION BY ATTORNEYS & ANY FURTHER UPDATES WILL BE POSTED UPON CONFIRMATION** This property is being "SOLD AS-IS" in it's entirety condition without any further warranties and/or guarantees of any kind. Real Estate Agent(s)/Broker(s) and your buyer(s) are to do their own due diligence and investigation of any/all Los Angeles City/County Building & Safety Regulations and Laws pertaining to this property's status, square footages, etc. No responsibility of the sellers nor any of their real estate agent(s)/Broker(s), that may enter into a for sale transaction. **This single family residence shows as per property title report as a two(2) bedroom; however, the present physical condition only shows one(1) bedroom and one(1) full bathroom.** Escrow could be extended due to trust clarification process. *This property is right next to the *Vacant Land Lot on Towne Avenue, Los Angeles, CA MLS# 24-378471 is for sale. And also, 7908 Towne, Los Angeles, CA MLS# 24-344647 is for sale too* Sellers Have Selection Of All Services. Do Not Walk Onto The Properties And Do Not Disturb The Occupants, They Are Not Tenants! Thank You All For Your Interest & Have An Excellent Day!

Location

Los Angeles, Los Angeles County, CA 90003

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Listed by: Crystal Lee · Crystal Lee, Broker

Payment estimate

$3,704

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $49,000 · Loan: $441,000

%
Principal & Interest
$2,710
Property tax (1.25%)
$510
Homeowners insurance
$300
Mortgage insurance
$184
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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 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 $17,150 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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