108 W 2nd Street 701, Los Angeles, California 90012, Los Angeles, 90012 - bed, 1 bath
108 W 2nd Street 701
Los Angeles, California 90012
Property Price
SUMMARY
Analysis of 108 W 2nd Street 701, Los Angeles, California 90012 is currently available with a list price of $519,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1910, has undergone renovations, but the interior finishes, particularly the kitchen and bathroom, appear to be dated, likely from 15-30 years ago. The kitchen features functional stainless steel appliances but older-style wood cabinets and basic countertops. The bathroom is notably outdated with checkerboard accent tiles and a drop ceiling. While the unit is maintained and move-in ready, it shows clear signs of being aged and would benefit from minor updates to modernize its aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- Premier Downtown Los Angeles Location
Situated in the highly desirable C42 Downtown L.A. area, this property offers unparalleled access to urban amenities, entertainment, and business districts, appealing to those seeking a vibrant city lifestyle.
- Historic Building Charm
Built in 1910, the building likely possesses unique architectural character and historical appeal, providing a distinctive living experience compared to newer constructions.
- Captivating City and Landmark Views
The unit boasts desirable 'City Lights' and 'Landmark' views, enhancing the aesthetic appeal and overall living experience, which is a significant value-add in an urban setting.
CONSRISKS & DEFICIENCIES
- Substantial Monthly Association Fees
The association fee of $731.64 per month is relatively high for an 800 sqft unit, which can significantly impact the total monthly housing costs and buyer affordability.
- Age of Building (Potential for Maintenance/Updates)
As a 1910-built property, there may be potential for aging infrastructure, higher maintenance costs for the association, or the need for future assessments, which could affect residents.
- Limited Bathroom Count
The property features only one bathroom, which may be a drawback for some buyers, particularly those who frequently host guests or desire more convenience.
About 108 W 2nd Street 701
Exceptional opportunity in Los Angeles. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1910
- Lot Size
- 19,159 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $731.64 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 1.0 | 6% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 800 | 1,007 | 26% |
| Lot Size | 19,159 | 64,671 | 32% |
| Price | $519.0K | $589.5K | 38% |
| Price per sq ft | $649 | $560 | 65% |
| Built year | 1910 | 1985 | 15% |
| HOA | $731.64 | $760 | 44% |
| Days on market | 197 | 194 | 53% |
Pricing History
Listed for Sale
Aug 21, 2025
$519,000
Initial Listing
Sold
Feb 10, 2005
$330,000
Public Record