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 Value-Add Condominium Asset is listed at $365,000, positioned above the $316,908 Fair Market Value, reflecting the high-demand nature of the Little Tokyo submarket. Currently in mostly original 1985 condition, the unit requires cosmetic modernization to address dated finishes and popcorn ceilings, offering a significant opportunity for forced appreciation. The building provides premium amenities including a Zen Japanese garden, koi pond, and 24-hour security. Located near the Metro Regional Connector, this property is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 S Central Avenue 315 Subject | $365,000* List Price | 1 | 1 | 590 | $537 | - |
A 257 S Spring Street 3c Sold | $410,000 | 1 | 1 | 710 | $577 | 0.6 mi |
B 100 S Alameda Street 162 Sold | $342,300 | 1 | 1 | 735 | $466 | 0.1 mi |
C 121 S Hope Street 321 Sold | $365,000 | 1 | 1 | 793 | $460 | 1.0 mi |
D 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.
The property is in mostly original 1985 condition and shows significant signs of being outdated. The kitchen features older white appliances, tile countertops with visible grout, and dated fluorescent box lighting. The bathroom retains older square tiling and fixtures. Throughout the unit, there are popcorn ceilings and older carpeting that show wear. While the home appears well-maintained and functional, it lacks modern renovations and requires cosmetic updates to meet current market standards.
Situated in the heart of Little Tokyo, this property offers exceptional walkability to the Arts District, Union Station, and the new Metro Regional Connector, making it a transit-oriented dream.
The building features a unique Zen Japanese garden with a koi pond, alongside premium services like 24-hour security, a fitness center, and a sauna, providing a peaceful retreat in the city.
Unlike many downtown condos, this unit includes highly desirable conveniences such as in-unit laundry, gated garage parking, and an open floor plan with ample storage.
The association fee of $603 per month is relatively high for a 590-square-foot unit, which may affect the debt-to-income ratio for some prospective buyers.
With only 590 square feet of living space, the unit is quite compact, which may feel restrictive for buyers looking for more spacious accommodations or home office areas.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 590 | 1,006 | 6% |
| Lot Size | 87,079 | 67,079 | 55% |
| Price | $365.0K | $625.0K | 10% |
| Price per sq ft | $619 | $590 | 58% |
| Built year | 1985 | 2005 | 48% |
| HOA | $603.0 | $774 | 13% |
| Days on market | 7 | 230 | 3% |
Apr 15, 2026
$365,000
Initial Listing
Dec 7, 2005
$250,000
Public Record
Sep 29, 1999
$77,000
Public Record