267 S San Pedro 315, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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Los Angeles, California 90012
This Turnkey 55+ Condominium is a Strong Value Opportunity, listed at $429,000—positioned well below the $473,140 Fair Market Value by 9%. This valuation gap offers $44,140 in Instant Equity for buyers. Boasting a Condition Rating of 3, the unit features a Granite Kitchen, new carpeting, and a private balcony with serene Courtyard Views. Located near Ninth Street School in the heart of Little Tokyo, residents enjoy resort-style amenities and 24-hour security. This is an ideal acquisition for Active Seniors or Owner-Occupants seeking a maintenance-free lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 267 S San Pedro 315 Subject | $419,000* List Price | 2 | 2 | 970 | $442 | - |
A 267 S San Pedro Street 621 Sold | $392,000 | 1 | 1 | 800 | $490 | 0.0 mi |
B 880 W 1st Street 309 Sold | $515,000 | 2 | 2 | 1,217 | $423 | 0.8 mi |
C 100 S Alameda Street 162 Sold | $342,300 | 1 | 1 | 735 | $466 | 0.3 mi |
D 880 W 1st Street 604 Sold | $505,000 | 1 | 2 | 1,006 | $502 | 0.8 mi |
E 880 W 1st Street 802 Sold | $499,000 | 1 | 1 | 1,006 | $496 | 0.8 mi |
F 267 S San Pedro Street 213 Active | $419,000 List Price | 2 | 2 | 970 | $432 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property is move-in ready and well-maintained, fitting the 10-20 year age criteria for a 'good' rating. It features recent cosmetic updates including fresh interior paint and new carpeting throughout. The kitchen and bathrooms, while likely original to the build, are in great condition with granite countertops and modern stainless steel appliances, showing minimal wear and tear.
Situated in the heart of Little Tokyo, this south-facing unit maximizes natural light and offers tranquil courtyard views, providing a peaceful retreat within a vibrant urban setting.
The Teramachi building offers an extensive luxury amenity package, including 24-hour front desk security, a fitness center, sauna, and beautifully landscaped grounds with waterfalls.
The property is move-in ready, featuring recent updates such as fresh interior paint, new carpeting, granite countertops, and modern stainless steel appliances.
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, which may impact the overall affordability and monthly carrying costs for potential buyers.
As a 55+ senior condominium, the property has a limited buyer pool, excluding younger demographics and potentially affecting long-term resale velocity.
Located in the historic Little Tokyo district of Downtown Los Angeles, this desirable 55+ condominium is situated in arguably one of the best locations within the Teramachi building. This updated 2-bedroom, 2-bathroom unit features a south-facing orientation that fills the living spaces with natural light. Enjoy serene courtyard views from your private balcony, offering both tranquility and privacy. With new carpet and fresh interior paint, the home showcases a spacious floor plan that includes a large walk-in closet, central air and heat, in-unit washer and dryer, and a well-equipped kitchen with stainless steel appliances, granite countertops, and a convenient dining counter. The unit includes one assigned parking space in a gated, controlled-access garage, along with additional guest parking for visitors. Teramachi residents enjoy resort-style amenities, including a beautifully landscaped courtyard with ponds and waterfalls, a fitness center, sauna, guest lounges, a two-story community room, BBQ areas, and 24-hour front desk security station - all just moments from Little Tokyo, the Arts District, Grand Central Market, Dodger Stadium, and more.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 65% |
| Baths | 2.0 | 1.0 | 65% |
| Square foot | 970 | 994 | 45% |
| Lot Size | 64,671 | 43,816 | 52% |
| Price | $419.0K | $625.0K | 19% |
| Price per sq ft | $432 | $582 | 13% |
| Built year | 2006 | 2005 | 58% |
| HOA | $1178.0 | $858 | 77% |
| Days on market | 72 | 221 | 6% |
May 15, 2026
$419,000
$429,000
-2% Price Drop
Initial Listing
Mar 26, 2026
$429,000
Initial Listing
Jul 17, 2007
$380,000
Public Record