1118 Valencia Street 113, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
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Los Angeles, California 90015
This Value-Add Urban Condominium is listed at $364,900, positioned relative to a $332,829 Fair Market Value. Located in the Pico-Union district within the Los Angeles Unified School District, this property serves as a strategic asset near USC and Crypto.com Arena. The unit holds a Condition Rating of 5, requiring a full interior renovation to modernize 1983 finishes and maximize ROI. Featuring in-unit laundry hookups, gated parking, and pool and spa, it offers significant rental demand potential. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1118 Valencia Street 113 Subject | $364,900* List Price | 1 | 1 | 650 | $512 | - |
A 1119 Albany Street 235 Active | $400,000 List Price | 1 | 1 | 797 | $502 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1983 (43 years old) with no mention of recent renovations. The interior features dated popcorn ceilings and original-style fixtures. Based on the age and lack of updates, the kitchen, baths, and systems likely require a full rehab to meet modern standards.
The property is situated within walking distance of major Los Angeles landmarks including Crypto.com Arena, L.A. Live, and USC, offering exceptional convenience for professionals and students alike.
The inclusion of dedicated washer and dryer hookups inside the unit is a significant value-add for a condominium of this vintage, providing a level of convenience often missing in older urban builds.
The unit features gated, assigned parking and access to community amenities such as a pool and spa, which are highly desirable features in the dense Pico-Union and Downtown L.A. market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =147232, other record lot size in square feet = 147338.
The monthly HOA fee of $531 is relatively high for a 650-square-foot one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
With only 650 square feet of living space and a 1983 construction date, the unit may feel cramped and dated compared to newer, more modern residential developments in the surrounding area.
WELCOME TO LOS ANGELES, 1 BEDROOM, 1 BATHROOM CONDOMINIUM, SITUADED IN THE HEART OF DOWNTOWN LA'S PICO-UNION DISTRICT, WITH GATED PARKING AND AN ASSIGNED PARKING SPACE FOR ADDED CONVENIENCE, INSIDE YOU WILL FIND HOOK-UPS FOR A WASHER AND DRYER FOR EASY LIVING, RESIDENTS WILL ENJOY AMENITIES SUCH AS POOL AND SPA, THE UNIT FEATURES A PRIVATE BALCONY OFF THE MASTER BEDROOM AND THE LIVING ROOM. PRIME LOCATION WITHIN WALKING DISTANCE TO DOWNTOWN L.A, USC, L.A. LIVE, CRYPTO.COM ARENA, EXPOSITION PARK. CONVENIENTLY LOCATED NEAR 110 AND 10 FREEWAYS AND METRO STATION FOR EFFORTLESS COMMUTING.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 650 | 1,160 | 9% |
| Lot Size | 147,232.797 | 42,893.5 | 84% |
| Price | $364.9K | $621.0K | 6% |
| Price per sq ft | $561 | $616 | 31% |
| Built year | 1983 | 2007 | 13% |
| HOA | $531.0 | $983 | 13% |
| Days on market | 7 | 220 | 3% |
Apr 25, 2026
$364,900
Initial Listing
Dec 26, 2003
$118,000
Public Record
Apr 6, 1995
$3,500
Public Record