1119 Albany Street 137, Los Angeles, California 90015, Los Angeles, 90015 - 2 bed, 1 bath
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Los Angeles, California 90015
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well below the $357,994 Fair Market Value by 2%. This valuation gap offers $7,994 in Instant Equity for buyers. With a Fair Condition Rating, the unit requires cosmetic updates, yet features a spacious private patio and 2 assigned parking spots in a guarded DTLA community. This asset is an ideal acquisition for Fix-and-Flip Investors or value-add buyers seeking a customizable urban retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1119 Albany Street 137 Subject | $330,000* List Price | 2 | 1 | 797 | $439 | - |
A 1118 Valencia Sold | $294,366 | 1 | 1 | 650 | $453 | 0.1 mi |
B 1425 W 12th Street 157 Active | $420,000 List Price | 2 | 1 | 859 | $489 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1983 (41 years old) with no mention of recent renovations. The listing explicitly targets investors and flippers, describing it as a 'project' that needs updating and cosmetic improvements, which aligns with the criteria for a property needing rehab.
Situated in the heart of Downtown Los Angeles, the property is moments away from major attractions like LA Live and Crypto.com Arena, offering high appeal for urban dwellers and sports fans.
The inclusion of two assigned parking spots in a gated, guarded community is a rare and highly valuable feature for a condominium in this high-density metropolitan area.
Legally a one-bedroom plus den but currently configured as two bedrooms, the unit provides versatile living arrangements and includes a spacious private patio for outdoor living.
The unit is in need of cosmetic updates and modernization, making it a project that requires additional time and financial investment from the buyer to reach its full potential.
A monthly HOA fee of $630 is relatively high for a sub-800 square foot unit, which may impact overall affordability or investor cash flow margins.
Investors opportunity or Perfect Project for a Savvy Buyer. Located in the heart of Downtown Los Angeles, just moments from LA.live, Cripto.com Arena, restaurants, entertainment, and major freeways. This unique condo has lots of potential and it offers incredible potential. Currently configured as a 2bedrooms layout but legally registered as 1bedroom + a den and 1.3 bath residence. This unit provides flexibility for a variety of living arrangements. Unit includes, a spacious private patio, 2 assigned parking spots, gated community, amenities, and guarded. The unit could benefit from updating and cosmetic improvements, making it an excellent opportunity for investors, flippers, or conventional buyers looking to customize their own urban retreat.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 797 | 1,243 |
| Lot Size | 147,380 | 24,016 |
| Price | $330.0K | $805.6K |
| Price per sq ft | $414 | $659 |
| Built year | 1983 | 1981 |
| HOA | $630.0 | $684 |
| Days on market | 40 | 71 |
Jul 13, 2026
$330,000
$350,000
-6% Price Drop
Initial Listing
Jun 12, 2026
$350,000
Initial Listing