Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

865 N Avenue 50

Los Angeles, CA, 90042

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$1,380,000

MLS: ML82003906

Beds

7

Baths

3

Sq Ft

4,701

Lot

0.17 ac

Year Built

1922

MLS #

ML82003906

Days on Market

323

Listed

Apr 23, 2025

Description

Located in the heart of Highland Park, one of Los Angeles' most eclectic and sought-after neighborhoods, this expansive residence offers 4,701 SqFt of living space on a generous 7,453 SqFt lot. Rich in character and brimming with potential, the property presents a unique opportunity for homeowners, investors, or developers seeking a spacious single-family home, multi-generational layout, or income-producing asset. Originally built with timeless charm, the home is ready for your vision - whether that means restoring its classic beauty or reimagining it with modern updates. With ample square footage, flexible living areas, and a prime location between Pasadena and Glendale, it's a true contractor special with endless potential. Enjoy life just minutes from York Boulevard's buzzing cafes, art galleries, and boutiques, as well as local gems like Highland Park Bowl, Arroyo Seco Park, and Occidental College. The area also offers access to top-rated schools like Franklin High and Buchanan Street Elementary. Highland Park is known for its creative spirit, strong community vibe, and cultural richness, all with convenient access to Downtown LA and major freeways. Don't miss the chance to own a distinctive home in one of LA's most desirable neighborhoods.

Location

Los Angeles, Los Angeles County, CA 90042

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Listed by: Danny Mok · Intero Real Estate Services

Payment estimate

$9,886

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $138,000 · Loan: $1,242,000

%
Principal & Interest
$7,631
Property tax (1.25%)
$1,438
Homeowners insurance
$300
Mortgage insurance
$518
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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 $48,300 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 90042 market trends →

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

#1 Producing Individual Realtor — Antelope Valley

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