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1119 Albany Street 226, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

1119 Albany Street 226, Los Angeles, California 90015 home-pic-0
ACTIVE$365,000
1119 Albany Street 226, Los Angeles, California 90015
1Bed
1Bath
650Sqft
147,380Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Turnkey & Modern Updates: The condo boasts brand-new flooring, fresh interior paint, new stainless steel appliances, new recess lighting, and a repiped bathroom, offering a clean, modern, and move-in ready condition.
Top Cons:
High Monthly Association Fee: A monthly association fee of $531.0 is relatively high for a 1-bedroom unit, which can significantly impact the overall monthly housing cost for an owner.

Compared to the nearby listings

Price:$365.0K vs avg $555.0K ($-190,000)6%
Size:650 sqft vs avg 1,010 sqft12%
Price/sqft:$562 vs avg $60333%

More Insights

Built in 1983 (42 years old).
Condition: This 1983-built condo has undergone significant recent updates, including brand-new flooring, fresh interior paint, new recessed lighting, and new stainless steel kitchen appliances (stove, dishwasher, and refrigerator). The bathroom has also been repiped, indicating a major functional upgrade. These renovations provide a clean, modern, and move-in ready feel. However, the kitchen cabinets appear to be refreshed (painted) rather than fully replaced with new, high-end materials, and the countertops are laminate. The presence of a window AC unit instead of central air also prevents it from achieving an 'Excellent' rating, which would require all components to meet the highest current quality standards.
Year Built
1983
Close
-
List price
$365K
Original List price
$385K
Price/Sqft
$562
HOA
$531
Days on market
-
Sold On
-
MLS number
TR25152560
Home ConditionGood
Features
Deck
View-

About this home

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!

Condition Rating
Good
This 1983-built condo has undergone significant recent updates, including brand-new flooring, fresh interior paint, new recessed lighting, and new stainless steel kitchen appliances (stove, dishwasher, and refrigerator). The bathroom has also been repiped, indicating a major functional upgrade. These renovations provide a clean, modern, and move-in ready feel. However, the kitchen cabinets appear to be refreshed (painted) rather than fully replaced with new, high-end materials, and the countertops are laminate. The presence of a window AC unit instead of central air also prevents it from achieving an 'Excellent' rating, which would require all components to meet the highest current quality standards.
Pros & Cons

Pros

Turnkey & Modern Updates: The condo boasts brand-new flooring, fresh interior paint, new stainless steel appliances, new recess lighting, and a repiped bathroom, offering a clean, modern, and move-in ready condition.
Prime Urban Location: Strategically located close to Downtown LA, USC, public transportation, and major freeways, providing exceptional convenience for commuting and accessing city amenities.
Targeted Affordability: Positioned as an affordable home in a prime location, making it ideal for first-time buyers, students, or individuals seeking urban living on a budget.
Spacious & Bright Layout: The unit features a spacious layout filled with natural light, creating a warm and inviting atmosphere for residents.
Recent Price Reduction: The property has seen a price reduction from $385,000 to $365,000, potentially indicating a motivated seller and offering better value for prospective buyers.

Cons

High Monthly Association Fee: A monthly association fee of $531.0 is relatively high for a 1-bedroom unit, which can significantly impact the overall monthly housing cost for an owner.
Lack of Desirable Views: The property explicitly states 'view: None,' which may be a drawback for buyers prioritizing scenic outlooks or city views.
Unspecified Amenities: Despite the substantial HOA fee, the property description does not detail any building amenities (e.g., gym, pool, security), which might lead buyers to question the value provided by the fee.

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