840 N Poinsettia Place
Los Angeles, CA, 90046
$1,897,000
MLS: 26660339
Beds
4
Baths
4
Sq Ft
1,991
Lot
0.17 ac
Year Built
1942
MLS #
26660339
Days on Market
16
Listed
Mar 5, 2026
Description
Attention all investors, developers and owner/users!! Opportunities knock for owning greatly appointed bungalow style duplex in LAR3 zoning with 3 bed 3 bath front unit and 1 bed 1 bath back unit. Property located in the Melrose neighborhood of LA on the border of West Hollywood. Both units in move in condition with granite countertops kitchens, tiled bathrooms, hardwood floors, central HVAC system, and ample amount of closet spaces. Separate water heaters, gas and electric meters, a tranquil backyard, and a garage with storage and small office. This is a fantastic opportunity for an Owner/User to live in one unit and use the rent from the tenants to offset their mortgage or a value-added operator who would construct ADUs to stabilize the property for a higher rate of return, or a developer, who can build multi units. Located in a vibrant and trendy Los Angeles neighborhood. This prime location offers residents easy access to lively nightlife, diverse entertainment venues, cultural hotspots, and trendy dining options for which the area is renowned. The area is densely populated and close proximity of trendy shops, delicious eateries, parks, and entertainment options.
Location
Los Angeles, Los Angeles County, CA 90046
Open on Google Maps ↗Listed by: Ellen Urman · Nelson Shelton & Associates
Payment estimate
$13,477
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $189,700 · Loan: $1,707,300
- Principal & Interest
- $10,490
- Property tax (1.25%)
- $1,976
- Homeowners insurance
- $300
- Mortgage insurance
- $711
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 $66,395 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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