267 S San Pedro Street 508, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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Los Angeles, California 90012
This Senior Condominium is a High-Potential Investment Opportunity, listed at $382,000—positioned well below the $443,334 Fair Market Value by 13%. This valuation gap offers $61,334 in Instant Equity. The unit maintains a Good Condition Rating, featuring a Granite Kitchen, City Lights View, and central HVAC. Located in historic Little Tokyo near the Arts District, the complex provides 24-hour security and premium amenities. This is an ideal acquisition for Active Seniors or Owner-Occupants seeking a turnkey urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 267 S San Pedro Street 508 Subject | $382,000* List Price | 2 | 2 | 970 | $457 | - |
A 100 S Alameda Street 162 Sold | $342,300 | 1 | 1 | 735 | $466 | 0.3 mi |
B 121 S Hope Street 321 Sold | $365,000 | 1 | 1 | 793 | $460 | 0.7 mi |
C 267 S San Pedro 315 Active | $429,000 List Price | 2 | 2 | 970 | $442 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property is approximately 18 years old, placing it within the 'good' category criteria. The unit is move-in ready and appears well-maintained with no immediate renovations required. The kitchen features desirable granite countertops and stainless steel appliances, while the living areas include functional central HVAC and a mix of wood-style flooring and clean carpeting. Although the cabinetry and fixtures reflect the original 2006 builder style rather than a recent full renovation, the overall condition shows minimal wear and tear.
Situated in the heart of historic Little Tokyo, the property offers exceptional walkability to world-class dining, the Arts District, and major transit hubs like Union Station.
The Teramachi complex provides a high-end lifestyle with 24-hour security, a fitness center, a serene koi pond, and social lounges specifically tailored for active adult living.
This unit features a flexible floor plan with granite countertops, stainless steel appliances, central HVAC, and in-unit laundry, ensuring contemporary comfort and convenience.
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 $1,172 is substantial and may be a deterrent for budget-conscious buyers or those looking for lower monthly carrying costs.
As a senior-only condominium, the property is limited to a specific age demographic, which significantly narrows the pool of potential buyers and impacts future resale liquidity.
Teramachi is a senior condominium complex in the heart of DTLA's historic Little Tokyo. Offered is this inviting unit in a serene setting. Features include a flexible floor plan with two bedrooms, two bathrooms, cook's kitchen with granite counter tops, an abundance of cabinetry & stainless steel appliances, dining area and living room with private balcony. The guest bedroom, with custom closet organizer, opens to the living room, affording the flexibility to use as a den or tv room. The west facing living room, with a full length slider, provides an abundance of natural light. Additional qualities include central air & heat, washer & dryer and one assigned parking. 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, UnionStation, 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 58% |
| Baths | 2.0 | 1.0 | 58% |
| Square foot | 970 | 1,006 | 42% |
| Lot Size | 64,671 | 64,671 | 50% |
| Price | $382.0K | $625.0K | 13% |
| Price per sq ft | $394 | $582 | 3% |
| Built year | 2006 | 2005 | 61% |
| HOA | $1172.0 | $821 | 81% |
| Days on market | 64 | 230 | 10% |
Feb 17, 2026
$382,000
Initial Listing
May 24, 2018
$472,000
Public Record
Jan 15, 2016
$456,000
Public Record
Feb 8, 2012
$277,500
Public Record