244 S La Fayette Park Place 205, Los Angeles, California 90057, Los Angeles, 90057 - 2 bed, 2 bath
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Los Angeles, California 90057
Analysis of 244 S La Fayette Park Place 205, Los Angeles, California 90057 is currently available with a list price of $552,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property is 54 years old (built 1972) with no evidence of renovation. The 'as-is' sale condition, 'sight-unseen' restriction, and 'cash or hard money only' requirement are professional indicators of significant deferred maintenance and the likely need for a full interior rehab of kitchens, bathrooms, and systems.
Situated in Rampart Village just west of Downtown Los Angeles, the property offers excellent proximity to Lafayette Park, diverse dining options, and convenient access to the U.S. Route 101.
The 30-day 'First Look' program provides a significant competitive edge for buyers intending to use the home as a primary residence by restricting investor bids during the initial marketing period.
With nearly 950 square feet and a 2-bedroom, 2-bathroom configuration, the unit offers a desirable and versatile floor plan that is highly sought after in the local rental and resale market.
The property is sold sight-unseen and fully occupied with no interior access, posing substantial risks regarding the unit's physical condition and potential post-closing occupant issues.
The sale is limited to cash or hard money only and sold in 'as-is' condition, which excludes traditional mortgage buyers and requires significant liquid capital up front.
This property is now under auction terms. All Bids must be submitted during the auction period via the property's listing page. Auction starts Tuesday 6/2 and ends Tuesday 6/9. This 2-bedroom, 2-bathroom condo is nestled within a charming 15-unit, three-story building in the vibrant Rampart Village neighborhood. Enjoy the convenience of being just moments from Lafayette Park and Recreation Center, perfect for outdoor relaxation, as well as easy access to the U.S. Route 101. Situated just west of Downtown Los Angeles, you'll be close to an array of dining, shopping, and entertainment options. A fantastic opportunity to own in a centrally located condo unit. The property is sold as-is, fully occupied, and sight-unseen/no interior access. Drive by only. Do not disturb. Cash or hard money only. Buyer to sign an "Affidavit of Owner-Occupancy" and "Occupied Property Addendum" with contract. The property is subject to California Civil Code Section 2429p for the first 30 days of marketing (First Look program). Owner occupants are those buyers that will occupy the property as their principal residence within 60 days of close and will maintain their occupancy for at least 1 year. An investor, trust, vacation or part-time residence, or purchasing for another person will be considered an investor and are not eligible for First Look. Investor bids are negotiated on day 31 of listing.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 57% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 947 | 886 | 57% |
| Lot Size | 8,709 | 43,264 | 14% |
| Price | $552.0K | $330.0K | 71% |
| Price per sq ft | $583 | $455 | 86% |
| Built year | 1972 | 1971 | 71% |
| HOA | $350.0 | $501 | 29% |
| Days on market | 46 | 197 | 14% |
Apr 21, 2026
$552,000
Initial Listing