
Los Angeles, California 90012
This 55+ Adult Condominium represents a Strong Value Opportunity, listed at $349,000—positioned well below the $392,089 Fair Market Value by 10%. This valuation gap provides $43,089 in Instant Equity for the buyer. Featuring a Good Condition Rating, the unit includes a Granite Kitchen, Central HVAC, and a Private Balcony with DTLA Skyline Views. Located in the heart of Little Tokyo, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a secure, amenity-rich lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 267 S San Pedro Street 320 Subject 2 bd · 2 ba · 970 sqft · $397 | $349,000* List Price | 2 | 2 | 970 | $397 | - |
A 108 W 2nd Street 708 Sold 1 bd · 1 ba · 910 sqft · $374 · 0.2 mi | $340,000 | 1 | 1 | 910 | $374 | 0.2 mi |
B 121 S Hope Street 333 Sold 1 bd · 1 ba · 853 sqft · $410 · 0.7 mi | $350,000 | 1 | 1 | 853 | $410 | 0.7 mi |
C 121 S Hope Street 417 Sold 1 bd · 1 ba · 793 sqft · $435 · 0.7 mi | $345,000 | 1 | 1 | 793 | $435 | 0.7 mi |
D 267 S San Pedro Street Unit 307 Pending 2 bd · 2 ba · 1,060 sqft · $386 · 0.0 mi | $409,000 List Price | 2 | 2 | 1,060 | $386 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (20 years old), this property fits the 'Good' criteria perfectly. It is well-maintained and move-in ready with a functional kitchen featuring granite countertops and stainless steel appliances. The unit includes essential modern systems like central HVAC and in-unit laundry, and the interior finishes, including the carpeting and paint, appear to be in solid, functional condition.
Situated in the heart of Little Tokyo, this unit offers unparalleled access to the Arts District, Grand Central Market, and world-class venues like Disney Hall and the Dorothy Chandler Pavilion.
The Teramachi complex provides a high-end lifestyle with a 24-hour security desk, fitness center, central courtyard with a koi pond, and guest lounges, ensuring both safety and leisure.
The unit is move-in ready with desirable upgrades including granite countertops, stainless steel appliances, central HVAC, and the convenience of a full-size in-unit washer and dryer.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =64671, other record lot size in square feet = 64558.
The association fee of $1,178 per month is significantly high for a sub-1,000 square foot unit, which may impact overall affordability and debt-to-income ratios for buyers.
As a 55+ adult condominium, the property has a restricted pool of potential buyers, which naturally limits market demand and future resale liquidity compared to standard residential units.
Located in the heart of DTLA's historic Little Tokyo is this interior unit offering a soothing setting. Features include two bedrooms, two full bathrooms, living room and cook's kitchen with granite counter tops, plenty of storage cabinetry & stainless steel appliances. The east facing unit provides lots of natural light, affording sun drenched afternoons. The living room slider leads out to a balcony, with storage closet, providing courtyard and DTLA skyline top views. Additional qualities include central air & heat, full side-by-side washer & dryer and one assigned parking space. Teramachi is a 55+ adult condominium offering a variety of amenities including a central courtyard with koi pond, fitness center, guest lounges, two-story community room, community barbecues, guest parking and 24 hour front desk/security station. Close to Little Tokyo shops & restaurants, Arts District, Grand Central Market, Union Station, Dodger Stadium, Dorothy Chandler Pavilion & Disney Hall. Welcome Home!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 970 | 1,252.996 |
| Lot Size | 64,671 | 26,029.603 |
| Price | $349.0K | $778.5K |
| Price per sq ft | $360 | $629 |
| Built year | 2006 | 1981 |
| HOA | $1178.0 | $676 |
| Days on market | 34 | 74 |
Oct 6, 2026
$349,000
Initial Listing
Dec 20, 2016
$425,000
Public Record
Aug 29, 2008
$530,000
Public Record
Jul 17, 2007
$390,000
Public Record