
Los Angeles, California 90006
This Historic Value-Add Condominium is a strategic urban acquisition listed at $249,950, representing a stable entry point relative to its $228,598 Fair Market Value. As the most affordable entry point in the Westlake district, the property carries a Condition Rating of 5, serving as a 1923 time capsule with original hardwood floors and exposed brick that necessitate a comprehensive renovation. Featuring a partial DTLA skyline view and an all-inclusive HOA, the unit offers clear potential for forced appreciation through modernization. This is an optimal project for Fix-and-Flip Investors or first-time buyers seeking a high-character asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2121 James M Wood Boulevard 411 Subject | $249,950* List Price | 0 | 1 | 460 | $497 | - |
A 2121 James M Wood Boulevard 415 Sold | $270,000 | 1 | 1 | 460 | $587 | - |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 and explicitly described as having no remodels, the unit is a time capsule. The kitchen features ancient cabinetry, dated tile, and aging appliances that are well over 30-50 years old. While the original hardwoods and exposed brick provide 'grandpa-chic' charm, the property requires a full rehab of the kitchen, bath, and likely electrical/plumbing systems to meet modern standards.
Positioned as the least expensive condo on LA's East Side, this property offers a rare entry point into homeownership with monthly carrying costs comparable to local rents.
Built in 1923, the unit retains its original 'grandpa-chic' charm with authentic hardwood floors, exposed brick, and 9-foot ceilings, offering a unique alternative to modern builds.
The monthly HOA fee covers all utilities and provides access to extensive building amenities including a fitness room, library, billiards room, and a secure gated courtyard.
The property does not include on-site parking, which is a significant drawback for vehicle owners in a high-density Los Angeles neighborhood.
The immediate Westlake area is described as 'gritty' with adjacent homeless populations, which may impact the perceived safety and immediate resale appeal for certain buyers.
Priced to sell fast: officially the least expensive condo on LA's East Side.And the most charming. For $1,800/month, you can own your own place with DTLA views. Same as rent, but you're building equity. The Glen Donald has grandpa-chic vibes, and 411 has original hardwood floors, exposed brick, and 9-foot ceilings. It hasn't been remodeled, thank god.HOA covers ALL utilities. $1,800/month total, with 20% down, includes everything: mortgage, taxes, insurance, and HOA. Gated courtyard, secure entrance. Library. Billiards. Piano. Fitness room. Character up the wazoo. Walking distance to Metro. Earthquake retrofitted. It's Westlake. Gritty. No parking. Adjacent homeless. But developers are pouring money in. If you're tired of antiseptic boxes, come tour this.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 8% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 460 | 950 | 10% |
| Lot Size | 21,313 | 9,436.5 | 80% |
| Price | $249.9K | $552.5K | 5% |
| Price per sq ft | $543 | $619 | 28% |
| Built year | 1923 | 2013 | 13% |
| HOA | $268.0 | $447 | 10% |
| Days on market | 235 | 212 | 73% |
Feb 1, 2026
$249,950
$292,500
-15% Price Drop
Initial Listing
Jan 8, 2026
$292,500
$294,500
-1% Price Drop
Initial Listing
Dec 10, 2025
$294,500
$298,000
-1% Price Drop
Initial Listing
Aug 30, 2025
$298,000
Initial Listing