267 S San Pedro Street 208, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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Los Angeles, California 90012
This Culturally Rich Senior Condominium represents a High-Potential Investment Opportunity, with a List Price of $399,000—positioned well below the $450,068 Fair Market Value by 11%. This valuation gap secures $51,068 in Instant Equity. Boasting a Condition Rating of 3, the unit features recent cosmetic upgrades including new carpet and paint, a private balcony, and resort-style amenities like a koi pond. Located in Little Tokyo near Hollenbeck Middle School, this is an ideal acquisition for Active Seniors or Owner-Occupants seeking a high-value urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 267 S San Pedro Street 208 Subject | $399,000* List Price | 2 | 2 | 970 | $464 | - |
A 267 S San Pedro Street 621 Sold | $392,000 | 1 | 1 | 800 | $490 | 0.0 mi |
B 100 S Alameda Street 162 Sold | $342,300 | 1 | 1 | 735 | $466 | 0.3 mi |
C 880 W 1st Street 604 Sold | $505,000 | 1 | 2 | 1,006 | $502 | 0.8 mi |
D 880 W 1st Street 309 Sold | $515,000 | 2 | 2 | 1,217 | $423 | 0.8 mi |
E 880 W 1st Street 802 Sold | $499,000 | 1 | 1 | 1,006 | $496 | 0.8 mi |
F 880 W 1st Street 211 Sold | $513,000 | 2 | 2 | 1,217 | $422 | 0.8 mi |
G 267 S San Pedro Street 508 Active | $382,000 List Price | 2 | 2 | 970 | $394 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (18 years old), the property is well-maintained and functional. It features recent cosmetic updates including new carpet, paint, and lighting. While the bathroom and kitchen appear original to the build date, they are in move-in ready condition, and the unit includes modern systems like central HVAC.
Priced at $399,000, this unit represents one of the most affordable 2-bedroom, 2-bathroom opportunities in Los Angeles, offering significant value for the Downtown area.
Situated in the heart of historic Little Tokyo, the property offers unparalleled walkability to renowned dining, shopping, and cultural landmarks like the Japanese American Cultural Center.
Residents benefit from a robust suite of amenities including 24-hour security, a fitness center, a modern clubhouse, and serene courtyards, fostering a safe and socially active environment.
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 association fee of $1,088.70 is relatively high, which may impact the overall monthly carrying costs and debt-to-income ratios for prospective buyers.
As a 55+ senior living community, the property has a restricted buyer pool, which limits the marketability and potential resale audience compared to standard residential condominiums.
Discover one of the most affordable condo 2-bedroom 2 bath opportunities in all of Los Angeles, located in the highly desirable Teramachi Condominiums, a vibrant 55+ community in historic Little Tokyo. Simplify your life without compromise. If you've been thinking about downsizing but don't want to give up comfort, community, or convenience this is the opportunity you've been waiting for. Here you'll find a rare blend of affordability, security, and vibrant city living in one of Downtown LA's most culturally rich neighborhoods. Located in the welcoming 55+ Teramachi community, this home allows you to trade maintenance and isolation for ease, connection, and lifestyle. This home adapts to your next chapter - Spacious 2-bedroom layout, ensuite primary bedroom with walk in closet, a second bedroom or den ideal for visiting family, a home office, or hobby room or even a formal dining room, and separate 2nd full bath with in unit washer/dryer. Recent upgrades include, new carpets, new painting, new window treatments, and new lighting fixtures. Easy, comfortable living with central air/heat and a bright open living space opening up to a private balcony for fresh air and relaxation. HOA comes with 24-hour front desk & security for peace of mind, gated parking and controlled access, beautiful courtyard with koi pond, available herb gardening plots, a fitness center to stay active, guest lounges, a stunning two-story modern clubhouse featuring: large fireplace living room, chef's kitchen, with expansive dining, meeting, reading & game/billiard, pingpong, mahjong, card game areas, karaoke, perfect for entertaining family and hosting guests in style (swimming pool coming soon!) A smart move for today and tomorrow, whether you're looking for a beautiful place to call home or a savvy investment, this residence offers both, with leasing allowed, adding flexibility and long-term value. Situated just steps from Weller Court, you'll enjoy easy access to beloved restaurants, charming cafes, boutique shops, and directly across from the iconic Japanese American Cultural Center placing you in the center of one of Downtown LA's most dynamic neighborhoods. Downsize your space, upgrade your lifestyle, enjoy less upkeep, more freedom, and a built-in sense of community, all at a price point that's increasingly rare in Los Angeles.
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 | 58% |
| Baths | 2.0 | 1.0 | 61% |
| Square foot | 970 | 1,006 | 42% |
| Lot Size | 64,671 | 64,671 | 50% |
| Price | $399.0K | $625.0K | 16% |
| Price per sq ft | $411 | $577 | 3% |
| Built year | 2006 | 2005 | 61% |
| HOA | $1088.7 | $858 | 74% |
| Days on market | 10 | 238 | 3% |
Apr 22, 2026
$399,000
Initial Listing
May 14, 2024
$380,000
Public Record
Jun 29, 2012
$290,000
Public Record