222 S Central Avenue 315, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
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Los Angeles, California 90012
This condo represents a High-Potential Investment Opportunity, listed at a List Price of $355,000—positioned well above the $338,849 Fair Market Value by -4%. While the unit requires modernization due to its Condition Rating of 4, it offers a prime location in Little Tokyo with In-Unit Laundry and Gated Parking. The building’s extensive amenities, including a Zen Japanese garden and indoor hot tub, provide strong rental appeal. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a high-demand urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 S Central Avenue 315 Subject | $355,000* List Price | 1 | 1 | 590 | $574 | - |
A 100 S Alameda 162 Sold | $410,000 | 1 | 1 | 735 | $558 | 0.1 mi |
B 100 S Alameda Street 162 Sold | $342,300 | 1 | 1 | 735 | $466 | 0.1 mi |
C 222 S Central 432 Active | $435,000 List Price | 1 | 1 | 645 | $674 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old), the unit appears to be in original condition with no evidence of recent renovations. The kitchen and bathroom feature dated 1980s finishes, including fluorescent light boxes, square tile work, and older appliances, requiring modernization to meet current market standards.
Situated in the highly desirable Little Tokyo area, the property offers exceptional urban convenience, being just minutes away from the Arts District, Japanese Village Plaza, Union Station, and the Metro Regional Connector.
The building features an impressive array of amenities that enhance lifestyle value, including 24-hour front desk security, a fitness center, a sauna, an indoor hot tub, and a traditional Zen Japanese garden with a koi pond.
Unlike many downtown condos, this unit provides highly coveted practical conveniences, including an in-unit laundry setup and a dedicated parking space in a secure, gated garage.
The monthly HOA fee is $603, which adds a substantial recurring cost to the monthly budget relative to the size and price of the unit.
At 590 square feet, the living space is relatively small, which may limit its appeal for buyers seeking more spacious layouts or room for a home office.
This charming one bedroom, one bathroom condo is ideally situated in the highly desirable Little Tokyo area of Downtown Los Angeles! The unit features an open floor plan with a great layout, a kitchen with plenty of cabinet space, three closets, and laundry in the unit. It also includes one parking space in a gated garage and community storage. Residents can enjoy excellent amenities such as a fitness center, indoor hot tub, sauna, beautiful Zen Japanese garden with a koi pond, social hall, and 24-hour front desk and security. The property is conveniently located just minutes from the new Metro Regional Connector, Arts District, Union Station, specialty markets, restaurants, Japanese Village Plaza, and freeway access. This unit is truly a must-see!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 590 | 1,243 |
| Lot Size | 87,079 | 24,016 |
| Price | $355.0K | $805.6K |
| Price per sq ft | $602 | $659 |
| Built year | 1985 | 1981 |
| HOA | $603.0 | $684 |
| Days on market | 29 | 71 |
Jun 23, 2026
$355,000
Initial Listing
Dec 7, 2005
$250,000
Public Record
Sep 29, 1999
$77,000
Public Record