
Los Angeles, California 90017
This Spacious Urban Condominium represents a Strong Value Opportunity, listed at $475,000—positioned well below the $502,212 Fair Market Value by 5%. This valuation gap offers $27,212 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes a brand-new HVAC system and modern Caesarstone countertops. With two assigned parking spaces and resort-style amenities, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-utility residence in Downtown Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1234 Wilshire Boulevard 435 Subject | $475,000* List Price | 1 | 2 | 1,130 | $444 | - |
A 1234 Wilshire Boulevard 207 Sold | $530,000 | 2 | 2 | 1,280 | $414 | 0.0 mi |
B 1234 Wilshire Boulevard 433 Sold | $350,000 | 1 | 1 | 700 | $500 | 0.0 mi |
C 1234 Wilshire Boulevard 421 Active | $515,000 List Price | 1 | 2 | 1,130 | $456 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (approx. 18-20 years old), the property is well-maintained and move-in ready. It features significant recent system upgrades including a brand-new HVAC system (1 year old) and newer appliances. Kitchen and baths remain functional and stylish with Caesarstone countertops and modern cabinetry.
Offering approximately 1,130 square feet, this unit is exceptionally large for a one-bedroom, featuring a flexible den that can easily function as a second bedroom or a dedicated home office.
The property includes a brand-new $10,000 central air conditioning system and newer in-unit appliances, providing the buyer with immediate value and reduced maintenance expectations.
The inclusion of two assigned parking spaces is a rare and highly desirable asset in Downtown Los Angeles, significantly increasing the property's long-term utility and resale appeal.
The monthly association fee of $1,036.58 is relatively high, which may impact buyer affordability and overall return on investment for potential landlords.
The current list price of $475,000 is significantly lower than the 2022 sale price of $610,000, suggesting a notable decline in market value or building-specific equity over the last few years.
Experience sophisticated urban living at The Vero, one of Downtown LA's premier full-service residential communities. This exceptionally spacious condominium offers approximately 1,130 square feet of stylish living space, featuring soaring ceilings, abundant natural light, and beautiful wood flooring throughout. The open-concept kitchen is designed for both functionality and style, showcasing Caesarstone countertops, European-style cabinetry, stainless steel appliances, and a newer microwave. The versatile den provides the flexibility to serve as a home office, guest room, or potential second bedroom. Additional highlights include a newer in-unit washer and dryer, both less than two years old, and two assigned parking spaces.This meticulously maintained residence features several significant recent upgrades, including a brand-new central air conditioning system installed approximately one year ago, a $10,000 investment that provides enhanced comfort and efficiency. The building's entry lock system was also fully upgraded within the past year. Residents of The Vero enjoy an impressive collection of resort-style amenities, including a state-of-the-art fitness center, swimming pool, spa, yoga studio, dry sauna, 24-hour attended security, concierge-style services, and beautifully maintained common areas. Ideally located across from Good Samaritan Hospital and moments from LA Live, Crypto.com Arena, The Broad, world-class dining, entertainment, shopping, and major transportation hubs, this turnkey residence offers the perfect blend of comfort, convenience, and contemporary city living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,130 | 1,243 |
| Lot Size | 71,352 | 24,016 |
| Price | $475.0K | $805.6K |
| Price per sq ft | $420 | $659 |
| Built year | 2006 | 1981 |
| HOA | $1036.58 | $684 |
| Days on market | 21 | 71 |
Jul 1, 2026
$475,000
Initial Listing
Apr 5, 2022
$610,000
Public Record
Jan 30, 2020
$540,000
Public Record
Jul 23, 2014
$525,000
Public Record