2121 James M Wood Boulevard 409, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 1 bath
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Los Angeles, California 90006
This High-Potential Investment Opportunity is a studio condominium listed at a List Price of $286,000, positioned slightly above the $275,879 Fair Market Value. While the unit lacks instant equity, its low $265 association fee and historic 1923 charm provide a stable, low-capital entry into the Downtown Los Angeles market. With a Condition Rating of 3, the unit is functional and move-in ready, offering a reliable asset for Buy-and-Hold Investors or first-time buyers seeking an affordable urban residence with courtyard views.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2121 James M Wood Boulevard 409 Subject | $286,000* List Price | 0 | 1 | 460 | $600 | - |
A 2121 James M Wood Boulevard 120 Sold | $250,000 | 0 | 1 | 490 | $510 | 0.0 mi |
B 2121 James M Wood Boulevard 414 Sold | $240,000 | 0 | 1 | 370 | $649 | 0.0 mi |
C 2121 James M Wood Boulevard 415 Sold | $270,000 | 1 | 1 | 460 | $587 | 0.0 mi |
D 2121 James M Wood Boulevard 124 Sold | $295,000 | 1 | 1 | 640 | $461 | 0.0 mi |
E 2121 James M Wood 412 Active | $250,000 List Price | 0 | 1 | 370 | $676 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1923, the sales history suggests a significant update or renovation occurred within the last 10 years. The exterior is well-maintained and the unit is positioned as a functional, move-in ready condo. However, the presence of window AC units and the overall age of the structure suggest systems are functional but not modern, precluding an 'excellent' rating.
Priced at $286,000, this property offers a rare entry-level price point for the Los Angeles market, making it an ideal opportunity for first-time homeowners or investors seeking a low-capital entry.
The monthly association fee of $265 is significantly lower than the average for Downtown Los Angeles condominiums, enhancing the property's monthly cash flow and overall affordability.
Built in 1923, the building provides a unique vintage aesthetic and architectural charm that is highly sought after in the urban core of Los Angeles.
With only 460 square feet of living area, the compact studio layout offers restricted space for furniture and storage, which may limit the pool of potential long-term residents.
As a studio-style unit, the lack of a separate bedroom reduces privacy and may be a drawback for buyers looking for a more traditional residential configuration.
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 8% |
| Baths | 1.0 | 2.0 | 41% |
| Square foot | 460 | 1,051 | 11% |
| Lot Size | 21,313 | 10,246 | 81% |
| Price | $286.0K | $630.0K | 11% |
| Price per sq ft | $622 | $596 | 57% |
| Built year | 1923 | 2009 | 14% |
| HOA | $265.0 | $450 | 8% |
| Days on market | 5 | 211 | 3% |
Jun 1, 2026
$286,000
Initial Listing
Jul 27, 2022
$299,000
Public Record
Jul 23, 2015
$140,000
Public Record