1119 Albany Street 337, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
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Los Angeles, California 90015
This Downtown Los Angeles Investment Condo is a Strong Value Opportunity with a List Price of $337,600—positioned well below the $363,716 Fair Market Value by 7%. This valuation gap offers $26,116 in Instant Equity for buyers. Currently in Fair Condition and sold "As-Is," the asset requires interior updates to maximize its City Lights view and proximity to the Convention Center. Located in the Los Angeles Unified district, this high-demand location ensures strong rental appeal. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1119 Albany Street 337 Subject | $308,700* List Price | 1 | 1 | 845 | $430 | - |
A 600 W 9th Street 810 Sold | $388,000 | 1 | 1 | 754 | $515 | 0.7 mi |
B 1155 S Grand Avenue 311 Sold | $435,000 | 1 | 1 | 920 | $473 | 0.7 mi |
C 1119 Albany Street 235 Active | $400,000 List Price | 1 | 1 | 797 | $502 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983 and sold in 'As-Is' condition, this property fits the criteria for Fair condition as it is over 40 years old with no mention of recent renovations. The listing describes it as an investment opportunity, suggesting the interior, including the kitchen and bathrooms, likely requires modernization and updates to meet current market standards.
The property is situated within walking distance of major Los Angeles landmarks, including the Convention Center and Crypto.com Arena, offering exceptional urban convenience and high rental demand.
Priced at approximately $424 per square foot following a recent price reduction, this unit offers a significant entry-level investment opportunity in the competitive Downtown L.A. market.
The unit features city light views, providing a desirable metropolitan atmosphere that enhances the property's appeal to potential tenants and buyers.
The monthly HOA fee of $610 is relatively high for a one-bedroom unit, which may impact the overall monthly affordability and net ROI for investors.
The property is being sold in as-is condition, suggesting it may require immediate capital improvements or repairs to modernize the space and maximize its value.
Investment opportunity walking distance to major attractions in Los Angeles. Imagine walking to the conventional center or Staples Center to watch a game. Built in 1983 this one bedroom has approx. 845 sq. ft. If you blink it will be SOLD at this price. Buyers check City, County, Zoning, Tax, and other records to their satisfaction. AS-IS SALE property.
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 | 1.5 | 50% |
| Square foot | 845 | 1,095 | 25% |
| Lot Size | - | 41,217 | 8% |
| Price | $308.7K | $595.5K | 3% |
| Price per sq ft | $365 | $608 | 3% |
| Built year | 1983 | 2007 | 11% |
| HOA | $610.0 | $946 | 14% |
| Days on market | 69 | 214 | 6% |
Apr 8, 2026
$308,700
$337,600
-9% Price Drop
Initial Listing
Mar 24, 2026
$337,600
$358,200
-6% Price Drop
Initial Listing
Mar 8, 2026
$358,200
$376,300
-5% Price Drop
Initial Listing
Feb 12, 2026
$376,300
Initial Listing
Apr 13, 2006
$205,000
Public Record