950 Montecito Drive
Los Angeles, CA, 90031
$999,000
MLS: 26671423
Beds
4
Baths
2
Sq Ft
1,535
Lot
0.17 ac
Year Built
1978
MLS #
26671423
Days on Market
18
Listed
Mar 30, 2026
Description
Perched among the treetops in Montecito Heights, this stylish home has high ceilings and is bathed in natural light. Expansive windows feature spectacular views of Mount Washington, the Hollywood Hills and the Verdugo Mountains. The main level features warm hardwood floors and a split-level living area with an elevated dining room and a well-appointed kitchen. A powder room and laundry complete the upper level, along with the full-sized attached two car garage. Downstairs find four bedrooms and a full bath, including one oversized primary that could also serve as a recreation room or home studio. The large lot features a row of mature cypress trees and offers enormous potential for the intrepid gardener.
Location
Los Angeles, Los Angeles County, CA 90031
Open on Google Maps ↗Listed by: Robert Moore · Compass
Payment estimate
$7,239
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $99,900 · Loan: $899,100
- Principal & Interest
- $5,524
- Property tax (1.25%)
- $1,041
- Homeowners insurance
- $300
- Mortgage insurance
- $375
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 $34,965 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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