
Los Angeles, California 90006
This historic studio in the Glen Donald Building represents a High-Potential Investment Opportunity, listed at a List Price of $217,000—positioned well above the $207,841 Fair Market Value by -4%. While the unit carries a Fair Condition Rating due to its 1923 vintage infrastructure, the All-Inclusive HOA Fees significantly lower monthly carrying costs. Its prime location near DTLA and major transit hubs ensures consistent rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a historic city retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2121 James M Wood Boulevard W 316 Subject 0 bd · 1 ba · 380 sqft · $506 | $195,000* List Price | 0 | 1 | 380 | $506 | - |
A 2121 James M Wood 412 Active Under Contract 0 bd · 1 ba · 370 sqft · $541 | $199,999 List Price | 0 | 1 | 370 | $541 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this historic unit is well-maintained with polished original hardwood floors and fresh paint, but is classified as fair due to its age (>20 years) and dated infrastructure. Visible radiator piping and older wood-frame windows suggest original systems, and there is no evidence of a recent full renovation to the kitchen or bathroom.
Situated in the 1923 Spanish Colonial Revival Glen Donald Building, the property offers unique architectural character and historic prestige rarely found at this price point.
The low monthly HOA fee of $319 includes all utilities, significantly reducing monthly carrying costs and providing excellent value for budget-conscious buyers or investors.
Boasting a prime location near DTLA, USC, and Koreatown, the property provides immediate access to major freeways and Metro Rail lines, ensuring high convenience and rental demand.
With only 380 square feet of living space, the studio layout is quite restrictive, which may limit the buyer pool to those seeking a pied-à-terre or a minimal lifestyle.
As a 1923 structure, the property may have limitations regarding modern electrical or plumbing upgrades and could require ongoing maintenance typical of historic buildings.
New price. An excellent opportunity to own in historic Los AngelesBeautiful third floor unit in the historic Glen Donald Building, a 1923 Spanish Colonial Revival landmark. With the recent price reduction, this is an excellent opportunity for buyers looking to own in a prime Los Angeles location. Qualified buyers may also be eligible for lender-sponsored grants or down payment assistance programs, subject to program availability and lender approval. Enjoy convenient access to Downtown LA, USC, LA Live, Crypto.com Arena, BMO Stadium, Exposition Park, Koreatown, shopping, dining, and entertainment. Metro Rail and bus service, along with quick access to the 10, 110, and 101 Freeways, make commuting throughout Los Angeles convenient. Another major advantage is the low HOA fee, which includes all utilities, helping reduce monthly ownership expenses. Whether you're looking for a primary residence, a city retreat, or an investment opportunity, this property combines historic character, convenience, and value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 380 | 1,252.996 |
| Lot Size | 21,313 | 26,029.603 |
| Price | $195.0K | $778.5K |
| Price per sq ft | $513 | $629 |
| Built year | 1923 | 1981 |
| HOA | $319.0 | $676 |
| Days on market | 20 | 74 |
Oct 30, 2026
$195,000
$217,000
-10% Price Drop
Initial Listing
Oct 20, 2026
$217,000
Initial Listing