
Los Angeles, California 90012
This 55+ Condominium is a Strong Value Opportunity, listed at $399,000—positioned well below the $440,199 Fair Market Value by 9%. This valuation gap offers $41,199 in Instant Equity for the buyer. The unit maintains a Condition Rating of 3, featuring a Granite Kitchen, Stainless Steel Appliances, and a private balcony with City Lights and Courtyard views. Located in the historic Little Tokyo district, this property is an ideal sanctuary for Retirees 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 315 Subject 2 bd · 2 ba · 970 sqft · $454 | $399,000* List Price | 2 | 2 | 970 | $454 | - |
A 222 S Central 428 Sold 1 bd · 1 ba · 863 sqft · $504 · 0.3 mi | $435,000 | 1 | 1 | 863 | $504 | 0.3 mi |
B 121 S Hope Street 313 Sold 1 bd · 1 ba · 793 sqft · $504 · 0.7 mi | $400,000 | 1 | 1 | 793 | $504 | 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 is well-maintained, functional, and move-in ready. It features recent updates including new carpet and fresh interior paint, a well-equipped kitchen with granite countertops and stainless steel appliances, and a reliable central HVAC system.
Situated in the heart of Little Tokyo near the Arts District, the property offers exceptional walkability to world-class dining, cultural landmarks, and entertainment.
Residents enjoy a high-end lifestyle with access to 24-hour security, a fitness center, sauna, and tranquil courtyards featuring ponds and waterfalls.
The unit is move-in ready with fresh paint, new carpeting, and modern finishes including granite countertops and 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 monthly HOA fee of $1,178 is significant, which may impact the overall affordability and monthly carrying costs for potential buyers.
As a 55+ senior housing development, the property has a limited buyer pool, which restricts resale opportunities to a specific demographic.
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 970 | 1,252.996 |
| Lot Size | 64,671 | 26,029.603 |
| Price | $399.0K | $778.5K |
| Price per sq ft | $411 | $629 |
| Built year | 2006 | 1981 |
| HOA | $1178.0 | $676 |
| Days on market | 44 | 74 |
Sep 26, 2026
$399,000
Initial Listing
Jul 17, 2007
$380,000
Public Record