1119 Albany Street 226, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
1119 Albany Street 226
Los Angeles, California 90015
Property Price
SUMMARY
Analysis of 1119 Albany Street 226, Los Angeles, California 90015 is currently available with a list price of $358,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Built in 1983, this condo has undergone significant recent updates, including brand-new flooring, fresh interior paint, new stainless steel kitchen appliances (stove and dishwasher), new recessed lighting, and a re-piped bathroom. These updates make the property move-in ready with no immediate renovations required. While the kitchen cabinets appear to be original but freshly painted, and the countertops are laminate, the overall condition is clean, modern, and well-maintained, aligning with a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition & Recent Updates
The condo boasts brand-new flooring, fresh interior paint, new stainless steel appliances (stove, dishwasher), new recessed lighting, and a re-piped bathroom, offering a modern, move-in ready experience.
- Prime Central Location
Strategically located close to Downtown LA, USC, public transportation, and major freeways, providing exceptional convenience for commuting and city access.
- Affordable Entry Point
Positioned as an ideal and affordable opportunity for first-time buyers, students, or individuals seeking a well-located home in the competitive Los Angeles market.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $531.0 is relatively high for a 1-bedroom, 650 sqft condominium, which could impact overall affordability and monthly carrying costs.
- Limited Square Footage
With 650 sqft, the unit offers compact living space, which may not appeal to buyers seeking more expansive interiors or those with larger household needs.
- Price Reduction History
The property has undergone multiple price reductions from its original list price of $385,000 to $358,000, potentially indicating market resistance or initial overpricing.
About 1119 Albany Street 226
Welcome to 1119 Albany Street – Step into this beautifully updated condo located in the heart of Los Angeles. Featuring brand-NEW FLOORING, fresh interior paint, and NEW stainless steel appliances including a stove and dishwasher. NEW installed recess lighting in living room & bedroom. The bathroom was REPIPE. This home offers a clean, modern feel that’s ready for you to move right in. The layout is spacious and filled with natural light, creating a warm and inviting atmosphere. Whether you're cooking in the refreshed kitchen or unwinding in the living area, you’ll love the thoughtful updates throughout. Enjoy the perks of a central and convenient location — close to Downtown LA, USC, public transportation, and major freeways, making your daily commute and weekend outings effortless. Perfect for first-time buyers, students, or anyone seeking an affordable home in a prime location. Don't miss this turnkey opportunity – come see it today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1983
- Lot Size
- 147,380 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $531.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 650 | 990 | 7% |
| Lot Size | 147,380 | 44,570 | 90% |
| Price | $358.0K | $550.0K | 5% |
| Price per sq ft | $551 | $575 | 39% |
| Built year | 1983 | 2007 | 15% |
| HOA | $531.0 | $919 | 15% |
| Days on market | 240 | 214 | 66% |
Pricing History
Listed for Sale
Jan 14, 2026
$358,000
$365,000
-2% Price Drop
Initial Listing
Price Change
Oct 15, 2025
$365,000
Initial Listing
Price Change
Jul 9, 2025
$385,000
Initial Listing