1118 Valencia Street 114, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
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Los Angeles, California 90015
This Strong Value Opportunity is a 1-bedroom condominium listed at $338,000, positioned well below the $352,159 Fair Market Value by 4%. This valuation gap provides $14,159 in Instant Equity. Featuring a Mint Condition Rating with modern quartz countertops and luxury vinyl flooring, the unit is move-in ready. Amenities include a pool, spa, and private balconies. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-walkability urban lifestyle near LA Live.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1118 Valencia Street 114 Subject | $338,000* List Price | 1 | 1 | 650 | $542 | - |
A 600 W 9th Street 810 Sold | $388,000 | 1 | 1 | 754 | $515 | 0.7 mi |
B 645 W 9th Street 741 Sold | $420,000 | 1 | 1 | 790 | $532 | 0.7 mi |
C 1119 Albany 226 Active | $325,000 List Price | 1 | 1 | 650 | $500 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The unit has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with quartz countertops, a fully remodeled bathroom, and new luxury vinyl flooring. Systems are updated with a modern central mini-split HVAC and high-end stainless steel appliances, meeting the criteria for mint condition.
The unit is fully renovated with high-end finishes including quartz countertops, stainless steel appliances, luxury vinyl flooring, and a remodeled bathroom, offering a move-in-ready experience.
Situated near LA Live and Crypto.com Arena, the property offers exceptional walkability and proximity to major entertainment, dining, and employment hubs in Downtown Los Angeles.
Listed at $338,000, the property is priced significantly below its 2021 sale price of $412,000, representing a strong equity opportunity for investors or first-time buyers.
At 650 square feet, the interior footprint is relatively small, which may limit appeal for buyers requiring extra storage or a dedicated home office setup.
The listing indicates no specific view from the unit, which can be a drawback for urban dwellers who prioritize aesthetic cityscapes or natural vistas from their balconies.
Charming 1-bedroom, 1-bath condominium located in a gated community near Downtown Los Angeles. This updated corner unit features an open floor plan, modern kitchen with quartz countertops and stainless steel appliances, luxury vinyl flooring, recessed lighting, and a remodeled bathroom. Enjoy two private balconies, in-unit washer/dryer hookups, central mini-split heating and cooling, and one assigned gated parking space. Community amenities include a pool, spa, BBQ area, and controlled access. Conveniently located near LA Live, Crypto.com Arena, shopping, dining, and major freeways.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 650 | 1,243 |
| Lot Size | 147,380 | 24,016 |
| Price | $338.0K | $805.6K |
| Price per sq ft | $520 | $659 |
| Built year | 1983 | 1981 |
| HOA | $0 | $684 |
| Days on market | 26 | 71 |
Jun 26, 2026
$338,000
Initial Listing
Aug 25, 2021
$412,000
Public Record
Jun 12, 2002
$82,500
Public Record