Homes for Sale in Los Angeles under $100,000 – Cheap!

There are many people looking to buy a home in Los Angeles, but the prices seem too high. There is some good news for those on a tighter budget and still want to live in LA: there are homes for sale under $100k!

If you’re looking for something close to the city with more of an outdoor lifestyle or just need more space than your apartment can offer, here’s a list of some great starter homes.

Homes for Sale in Los Angeles Under 100k

Los Angeles is a complicated city, with a lot of neighborhoods and an overwhelming amount of information on the internet. It can be hard to separate the useful information from misleading or incorrect data.

That’s why we recommend doing your research before buying a property in Los Angeles! One of the most important pieces of information you can have when buying a house is how much it costs.

We have an interactive map that shows all properties for sale under $100,000 in LA County as well as those recently sold by zipcode for quick reference.

If you’re looking specifically for homes under $100k right now, there are currently over 850 listings on Trulia with prices starting at 99 cents – including some nice two-bedrooms and townhouses.

Cheap Houses for Sale in Los Angeles County

First and foremost, what you should know about any low-cost homes for sale in LA is that before anything else, they won’t come to a change in ownership without a cash-upfront earnest money deposit.

Los Angeles County law states that anyone looking to purchase property must pony up 10% of the cost of the home or land at the time of submitting what’s called an “offering period agreement,” which allows them access to negotiate terms like taxes and interest rates.

This means that if you’re looking for affordable homes in LA under $100k, it could be a while until someone completes your purchase.

Generally speaking, these properties cover anything from well under $25k to just over $80k– though it all depends on location.

Houses for Sale in Los Angeles under $100,000

California Common Interest Real Estate Act (Civ. Code section 1127a): Section 1128: A seller, including a trustee or personal representative of an estate who transfers residential property for consideration pursuant to the sale provisions in Section 9100, shall provide the buyer or his or her agent with a written statement of any violations affecting value under Sections 11107 to 11117, inclusive.

If the purchase price is less than $2500 before close-out costs are applied, this requirement will not apply unless the buyer initiates negotiations after close-out closing documents have been issued.

A home can be sold under $100k in Los Angeles but will require that it has no violations according to CIVIL CODE SECTION 11107 TO 111.

Cheapest Place to Buy a House in Los Angeles

The following listings will be suitable options if you’re looking for homes in Los Angeles under $100,000.

Potential buyers should take into consideration that these residences possess a territorial listing and it’s unlikely that the owner will reduce the price below their initial asking price.

For additional information regarding how to find out what your mortgage qualification is to purchase one of these properties please contact the seller.

  1. 635 S LOMA ALTA LANE UNIT 103
  2. 516 SEABOARD STATION A2
  3. 600 WANDA WAY APT 3024
  4. 870 N MARINA BOULEVARD #1D
  5. 840 N COALINGA ST #1H