222 S Central Avenue 224, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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222 S Central Avenue 224
Los Angeles, California 90012
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
2Baths
1,087Sq Ft
87,079Lot Size
Property Price
LIST PRICE$570,000
EST. MARKET VALUE
$544,038
4% AboveMARKET VALUE
SUMMARY
This 2-bedroom condominium represents a Strong Value Opportunity, listed at $570,000—positioned above the $544,038 Fair Market Value. While the price reflects a premium, the property offers a Condition Rating of 4, featuring recent upgrades like new flooring and recessed lighting alongside a Zen Japanese garden and 24-hour security. Its prime Little Tokyo location provides exceptional walkability to the Arts District and Metro transit. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a vibrant, amenity-rich urban lifestyle.
Estimated Market Value
$544,038
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 S Central Avenue 224 Subject | $570,000* List Price | 2 | 2 | 1,087 | $500 | - |
A 100 S Alameda Street 149 Sold | $640,000 | 2 | 2 | 1,042 | $614 | 0.1 mi |
B 100 S Alameda Street 213 Sold | $400,000 | 1 | 1 | 735 | $544 | 0.1 mi |
C 100 S Alameda Street 204 Active | $640,000 List Price | 2 | 2 | 1,042 | $614 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1985, the property is nearly 40 years old. While it features recent cosmetic improvements such as new flooring, recessed lighting, and a new stove, the kitchen remains dated with original-style oak cabinetry and white tile countertops. The unit is functional and move-in ready, but the core kitchen and bath elements exceed the 20-year threshold for modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Walkability
Situated in the highly desirable Little Tokyo area of Downtown Los Angeles, the property offers exceptional convenience, located just minutes from the Metro Regional Connector, Arts District, Union Station, and Japanese Village Plaza.
- Optimal Layout & Recent Updates
This corner unit features an excellent floor plan with two ideally separated, large en-suite bedrooms with walk-in closets, enhanced by new flooring, recessed lighting, and a new stove.
- Premium Amenities & Parking
The building provides robust amenities including 24-hour security, a gym, a Zen Japanese garden with a koi pond, and the rare urban convenience of two side-by-side parking spaces in a gated garage.
CONSRISKS & DEFICIENCIES
- High Association Fee
The monthly HOA fee is substantial at $661.0, which significantly increases the recurring monthly carrying costs for the owner.
- Older Building Construction
Built in 1985, the building is over 40 years old, which may mean older infrastructure and a higher likelihood of future capital improvement assessments compared to newer DTLA developments.
About 222 S Central Avenue 224
This special corner 2 bedroom, 2 bath condo is located 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, new flooring and recessed lighting in the living room and kitchen, and a new stove. The unit offers two ideally separated, large en-suite bedrooms, each with a walk-in closet, an additional closet, and a full bathroom. Additional features include central air conditioning and heating, in unit laundry, and an entryway closet. The unit also includes two side by side parking spaces in a gated garage and community storage. Residents can enjoy excellent amenities, including a fully equipped gym, indoor hot tub, sauna, beautiful Zen Japanese garden with a koi pond, social hall, and 24 hour front desk /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, offering a wonderful opportunity to enjoy the vibrant Little Tokyo and Downtown Los Angeles lifestyle.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 87,079 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $661.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,087 | 1,219.385 |
| Lot Size | 87,079 | 27,236.074 |
| Price | $570.0K | $800.2K |
| Price per sq ft | $524 | $650 |
| Built year | 1985 | 1979 |
| HOA | $661.0 | $685 |
| Days on market | 23 | 72 |
Pricing History
Listed for Sale
Aug 17, 2026
$570,000
Initial Listing
Sold
Nov 5, 1999
$157,000
Public Record