244 S La Fayette Park 205, Los Angeles, California 90057, Los Angeles, 90057 - 2 bed, 2 bath
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Los Angeles, California 90057
This property presents a High-Potential Investment Opportunity with a List Price of $552,000—positioned well above the $515,859 Fair Market Value by -7%. Given the Condition Rating of 5 and the "AS-IS" status, this asset requires significant rehabilitation to unlock its full potential. Located in a prime urban area with access to highly-rated schools like Hoover Street Elementary, it offers a functional 2-bedroom layout for future tenants. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 244 S La Fayette Park 205 Subject | $552,000* List Price | 2 | 2 | 947 | $545 | - |
A 400 S La Fayette Park Pl #314 Active | $424,000 List Price | 1 | 2 | 886 | $479 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1972 (54 years old) and is being sold 'AS-IS' with no mention of renovations in the description. Given the age exceeds 50 years and the lack of reported updates to the kitchen, baths, or systems, it likely requires significant rehabilitation.
Situated in the heart of Los Angeles near Downtown, this property offers exceptional access to world-class museums, historic architecture, and vibrant cultural neighborhoods, perfect for an active city lifestyle.
The 947-square-foot floor plan features a desirable two-bedroom, two-bathroom configuration, providing a practical and efficient living space suitable for roommates, small families, or a home office.
The property is located within a district offering several highly-rated educational options, including John Marshall Senior High School and Hoover Street Elementary, both of which carry a rating of 8.
The property is explicitly listed as an 'AS-IS' sale, indicating that the buyer will likely need to budget for immediate repairs, updates, or deferred maintenance.
With the listing specifying 'None' for views, the unit lacks the visual appeal of the city skyline or surrounding landscapes, which may impact its competitive edge in the high-density LA market.
Welcome to Los Angeles, CA. Enjoy an amazing life-style near the city. Local attractions include world-class museums, historic architecture, vibrant cultural neighborhoods and famous food markets. This condo has two bedrooms and two bathrooms with 947 square feet. Buyers check City, County, Zoning, Tax, and other records to their satisfaction. AS-IS SALE property.
No exterior & parking available.
Grades K • 0.1 mi
Grades K-1 • 0.5 mi
Grades 1-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 947 | 1,243 |
| Lot Size | 8,706 | 24,016 |
| Price | $552.0K | $805.6K |
| Price per sq ft | $583 | $659 |
| Built year | 1972 | 1981 |
| HOA | $350.0 | $684 |
| Days on market | 6 | 71 |
Jul 16, 2026
$552,000
Initial Listing