Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveCondominium

880 W 1st St 304

Los Angeles, CA, 90012

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$475,000

MLS: 25606695

Beds

2

Baths

2

Sq Ft

1,323

Lot

Year Built

1982

MLS #

25606695

Days on Market

97

Listed

Oct 15, 2025

Description

Expansive and light-filled two-bedroom condo located in the heart of Bunker Hill. This bright and airy home features a generous open layout with large windows that offer partial views of the Downtown skyline. The living and dining areas flow seamlessly, offering ample space to relax or entertain, while the kitchen maintains a clean and functional design. Both bedrooms are well-proportioned, with excellent closet space and easy access to a well-appointed bathroom, creating a comfortable and private retreat. Promenade West is a full-service building offering 24-hour security, a pool and spa, fitness center, sauna, and beautifully maintained gardens. Located just moments from the Walt Disney Concert Hall, The Broad, Grand Park, and the vibrant Grand LA, this is a rare opportunity to live in one of DTLA's most walkable and culturally rich neighborhoods.

Location

Los Angeles, Los Angeles County, CA 90012

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Listed by: Beata Mandell · The Executive Realty Group

Payment estimate

$3,600

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $47,500 · Loan: $427,500

%
Principal & Interest
$2,627
Property tax (1.25%)
$495
Homeowners insurance
$300
Mortgage insurance
$178
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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 $16,625 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 90012 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

Only large teams outsell Mike Watson · Keller Williams Realty

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