Los Angeles Homes under $1.25 million

Los Angeles Homes under $1.25 million

Welcome to Los Angeles, the City of Angels, where the sun shines bright and the lifestyle is as vibrant as the diverse communities that call this sprawling metropolis home. Nestled in the heart of California, Los Angeles County is renowned for its iconic landmarks, stunning beaches, and a rich tapestry of cultures that create an unparalleled living experience.

For those seeking to plant roots in this dynamic city without breaking the bank, there’s good news! Los Angeles offers a variety of charming homes priced under $1.25 million. Whether you’re a first-time homebuyer, looking to downsize, or searching for an investment opportunity, you’ll find a wealth of options that cater to different tastes and lifestyles.

Imagine waking up in a cozy bungalow in the trendy neighborhoods of Silver Lake or Echo Park, where artistic flair meets a laid-back vibe. Or perhaps a modern townhouse in the bustling heart of Downtown LA, where you can enjoy a vibrant nightlife and a plethora of dining options at your doorstep. For those who prefer a more suburban feel, areas like Woodland Hills and Westchester offer family-friendly communities with parks and schools, all within reach of the city’s excitement.

Los Angeles is not just about stunning homes; it’s about a lifestyle filled with opportunities. From world-class entertainment to breathtaking outdoor adventures, this city is a place where dreams come true. The perfect home awaits you in Los Angeles – and it’s within reach! Explore your options today and discover the magic of living in this iconic city.

Newest Los Angeles Homes under $1.25 million

1601 Pennsylvania Avenue, Los Angeles
$899,000
SR26215112 MLS ⋅ Active Status
DELIVERED VACANT AT CLOSE—LIVE IN THE FRONT AND EXPLORE RENTAL INCOME POTENTIAL IN THE BACK! Situated on a corner lot in Boyle Heights, 1601 Pennsylvania Avenue presents an exciting opportunity for owner-occupants and value-add investors. Move into the 3 bed + 2 bath front house and explore how rental income from the two rear 1+1 accommodation could help offset your mortgage and ownership expenses. Reported as a duplex, the property features a front residence and a rear residential building on an approximately 6,300-square-foot lot with 2004 livable square foot. Vacant delivery gives buyers flexibility to plan improvements, personalize their home, and pursue a rental strategy without taking over existing tenancies. The rear unit has been divided into two separate living spaces without permits, offering buyers an opportunity to investigate legalization or reconfiguration, subject to City approval. A detached garage with existing plumbing provides another possibility for a future ADU conversion, subject to applicable requirements and permits. Whether you’re seeking a primary residence with supplemental income potential or an investment with room for improvement, this property offers a compelling starting point. Bring your vision, your contractor, and your plans to build long-term equity! Property will be delivered vacant at close of escrow. Represented as a duplex, not a permitted triplex. Buyer to independently verify square footage, permitted unit count, zoning, lawful rental use, and feasibility of legalization or ADU conversion. Additional units and rental income are not guaranteed; rent may not cover the mortgage or ownership expenses.

1601 Pennsylvania Avenue, Los Angeles

880 W 1st Street Unit 618, Los Angeles
$849,000
3 Beds ⋅ 2 Baths ⋅ P1-29113 MLS ⋅ Active Status
Welcome to Promenade West, a refined urban residence in the heart of DTLA's Bunker Hill, where sophisticated city living meets the comfort of a true home. This exceptional residence places you moments from Walt Disney Concert Hall, The Broad, the Music Center, world-class dining, shopping, and entertainment. Inside, more than 2,000 square feet of extensively remodeled living space offers a rare sense of scale and privacy. As a coveted corner end-unit, the residence enjoys added privacy and natural separation from neighboring homes. Former patios have been thoughtfully incorporated into the interior, creating an expansive living room and oversized bedrooms that provide a level of space and flexibility rarely found in a Downtown residence. Each room enjoys stunning views, while the west-facing living room offers frequent golden sunset views, creating a beautiful backdrop to everyday living. The open-concept kitchen flows effortlessly into the dining area and overlooks the living room, creating an inviting setting for everything from quiet mornings to entertaining friends. The sizable primary suite features a walk-in closet and a completely reimagined bathroom with elevated finishes and sophisticated details, including dual sinks, a tub with a glass screen, a custom-designed vanity, and marble flooring. Two additional bedrooms offer endless possibilities, complemented by a remodeled bathroom and ample hallway storage. Beyond the residence, Promenade West delivers the full-service lifestyle that makes Downtown living so effortless. Residents enjoy 24-hour concierge and security, along with a large outdoor entertaining area featuring a pool and spa, sun loungers, multiple BBQs and tables, a well-equipped fitness center, sauna, and a residents' lounge that hosts community events throughout the year. Additional conveniences include subterranean parking, ample guest parking, and a private dog park exclusively for residents. Come experience a private retreat that offers the best of both worlds: the comfort and space of home, just moments from all the energy of the city.

880 W 1st Street Unit 618, Los Angeles

1029 Lord Street, Los Angeles
$1,200,000
BB26216405 MLS ⋅ Active Status
1029 Lord Street is a 2024-built single-family residence + attached ADU offering strong in-place income, modern construction, and exceptional flexibility just east of Downtown Los Angeles. The property features a 4-bedroom / 3-bath main residence and 3-bedroom / 2-bath ADU, totaling approximately 2,539 square feet. The main residence currently operates as a successful short-term rental, historically generating approximately $5,500–$6,500 per month with less than 9% vacancy and is fully booked for the next three months, while the ADU is currently leased for $2,780 per month. Offering multiple ownership strategies, a buyer can continue the existing short-term rental operation, transition the main residence to a traditional long-term rental, or potentially take delivery vacant for owner occupancy while retaining income from the ADU. This versatility creates an attractive opportunity for investors seeking immediate cash flow as well as owner-users looking to offset their housing costs with rental income. The property is thoughtfully designed with modern finishes, stainless steel appliances, central air and heat, in-unit laundry, two parking spaces, and separately metered utilities, providing the benefits and ease of newer construction. Ideally situated in L.A.’s Central Eastside, 1029 Lord offers convenient access to the DTLA Arts District, Downtown Los Angeles, Echo Park, Silver Lake and surrounding employment and entertainment hubs. With established income, newer construction, and multiple potential rental strategies, 1029 Lord offers a rare level of flexibility for its next owner.

1029 Lord Street, Los Angeles

1746 Garfield Place Unit 101, Los Angeles
$875,000
2 Beds ⋅ 3 Baths ⋅ 26996531 MLS ⋅ Active Status
PRICE REDUCED MOVE-IN READY! Qualified buyers may be eligible for special financing through Citi's HomeRun program, offering as little as 5% down, no mortgage insurance, and up to a $7,500 lender credit toward closing costs. Eligibility, terms, and availability must be verified directly with a Citi loan officer. Discover elevated living in this beautifully built, nine-unit boutique condominium community in the heart of Hollywood. Thoughtfully designed with quality finishes and exceptional attention to detail, the property is ideally situated near world-class dining, shopping, entertainment, major studios, Griffith Park, The Greek Theatre, Metro, and convenient freeway access. Approximately 1,500+ square feet of bright, open living space with 2 bedrooms, 2.5 bathrooms, 10-foot ceilings, and a private west-facing balcony. The open-concept floor plan flows seamlessly from the living and dining areas into a stylish kitchen featuring a large center island, custom cabinetry, quartz countertops, and premium GE Cafe stainless-steel appliances. The spacious primary suite is a peaceful retreat, complete with a large walk-in closet and a luxurious bathroom featuring dual sinks, a soaking tub, and a separate walk-in shower. Additional highlights include wide-plank engineered wood flooring, opaque glass doors, CAT 5 wiring, Decora light switches, and a full-size washer and dryer. Enjoy two assigned parking spaces in a secured underground garage, an on-site fitness center, and a common rear patio ideal for outdoor dining and relaxation. Light, bright, spacious, and ready for its new owner, schedule your private showing today!

1746 Garfield Place Unit 101, Los Angeles

1746 Garfield Place Unit 203, Los Angeles
$1,099,000
3 Beds ⋅ 3 Baths ⋅ 26996541 MLS ⋅ Active Status
New Construction Hollywood Condominium! Last 3 Bedroom Unit Available. *Possible special financing incentives offered by CitiBank's "Home Run" program. 5% down, no mortgage insurance, up to $ 7,500 credit toward closing costs. Buyer to verify qualifications & program details with a CitiBank loan officer.* This beautifully built, 9-unit boutique community was crafted with quality and attention to detail throughout. Ideally located near world-class dining, shopping, and entertainment, with easy access to freeways, Metro, Griffith Park, The Greek Theatre, and the thriving Hollywood media district. Unit 203 features a 3-bedroom, 2.5-bathrooms, 10 ft ceiling height, and offers approximately 1,600+ sq. ft. of bright, open living space. End unit with walk-out balcony. The floor plan flows naturally from the living and dining areas into a well-designed kitchen featuring a large center island, custom cabinetry, quartz countertops, glass-tiled backsplash, and top-of-the-line GE Cafe stainless steel appliances. The primary suite provides a peaceful retreat with a spacious walk-in closet and a luxurious bathroom featuring dual sinks, a soaking tub, and a separate walk-in shower. Additional features include wide-plank engineered wood flooring, opaque glass doors, CAT 5 wiring, Decora light switches, and a full-size washer and dryer. Enjoy secured underground assigned parking for two cars, an on-site gym, and a common rear patio perfect for relaxing or dining outdoors. Move-in ready with an exceptional ownership opportunity, with favorable terms to Make This Home More Attainable. Schedule a showing today!

1746 Garfield Place Unit 203, Los Angeles

1746 Garfield Place Unit 302, Los Angeles
$949,000
2 Beds ⋅ 3 Baths ⋅ 26996555 MLS ⋅ Active Status
REDUCED - New Construction Hollywood Condominium! Incredible buyer incentives. *Possible special financing incentives offered by CitiBank's "Home Run" program. 5% down, no mortgage insurance, up to $ 7,500 credit toward closing costs. Buyer to verify qualifications & program details with a CitiBank loan officer. This beautifully built, 9-unit boutique community was crafted with quality and attention to detail throughout. Ideally located near world-class dining, shopping, and entertainment, with easy access to freeways, Metro, Griffith Park, The Greek Theatre, and the thriving Hollywood media district. Unit 302 features a 2-bedroom (both suites with almost identical bathrooms), 2.5 bathrooms, 12' ft ceiling height, and offers approximately 1,575 sq. ft. of bright, open living space. Two primary bedrooms, each with its own bathroom. The floor plan flows naturally from the living and dining areas into a well-designed kitchen featuring a large center island, custom cabinetry, quartz countertops, glass tiled backsplash, and top-of-the-line GE Cafe stainless steel appliances. The primary suite provides a peaceful retreat with a spacious walk-in closet and a luxurious bathroom featuring dual sinks, a soaking tub, and a separate walk-in shower. Additional features include wide-plank engineered wood flooring, opaque glass doors, CAT 5 wiring, Decora light switches, and a full-size washer and dryer. Enjoy secured underground assigned parking for two cars, an on-site gym, and a common rear patio perfect for relaxing or dining outdoors. Move-in ready with exceptional ownership opportunity, With Favorable Terms to Make This Home More Attainable. Schedule a showing today!

1746 Garfield Place Unit 302, Los Angeles

4023 Monroe Street, Los Angeles
$999,000
2 Beds ⋅ 1 Baths ⋅ 26996263 MLS ⋅ Active Status
A rare Silver Lake/Virgil Village view home with sweeping views of the Hollywood Hills and Griffith Observatory. It sits in one of the Eastside's most desirable pockets: close proximity to Sqirl, Courage Bagels, and Budonoki on Virgil Avenue, Erewhon on Santa Monica Blvd, and the coffee shops, and nightlife of Sunset Junction. 4023 Monroe St is a vacant single-story home, currently about 816 sq ft with 2 bedrooms and 1 bath, offered as-is and ready for its next owner's vision. The home already has new 200-amp electrical service, ready to support a full renovation and the permitted addition. Much of the hard work is already done. The City has issued a building permit with stamped plans that add a second floor, expanding the home to about 1,236 sq ft with 3 bedrooms and 2 baths. The new upper level is a private primary suite designed to take in even more of the view. Architecture, structural engineering, Title 24, and plan check are complete, saving a buyer months of design and approvals. The deep lot also offers room to add an ADU of up to approximately 1,000 sq ft at the rear of the house, either alongside the permitted second story or in place of it. Conceptual studies show a two-bedroom, two-bath attached unit with its own entry, creating the option of a main home plus income or space for extended family. Renovate and move in, or rehab and resell into a neighborhood where buyers compete for well-done homes. The RD1.5 lot of about 6,200 sq ft also offers longer-term upside for additional density, and preliminary small lot planning has been done. Minutes to Los Feliz, Hollywood, and the 101. No additional parking is required for the permitted project. Buyer to verify permit status, ADU feasibility and size, zoning, and development potential with the City of Los Angeles.

4023 Monroe Street, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.