
Los Angeles, California 90012
This 55+ Penthouse Residence represents a Strong Value Opportunity, listed at $349,000—positioned well below the $374,517 Fair Market Value by 6%. This valuation gap offers $25,517 in Instant Equity for the buyer. Featuring a Good Condition Rating, this unit offers a private patio with panoramic city views and resort-style amenities. While the monthly HOA is notable, the prime Little Tokyo location provides unmatched urban walkability. This is an ideal acquisition for Active Seniors or Downsizing Retirees seeking a secure, maintenance-free lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 267 S San Pedro Street 602 Subject 1 bd · 1 ba · 690 sqft · $543 | $349,000* List Price | 1 | 1 | 690 | $543 | - |
A 100 S Alameda Street 213 Sold 1 bd · 1 ba · 735 sqft · $544 · 0.3 mi | $400,000 | 1 | 1 | 735 | $544 | 0.3 mi |
B 100 S Alameda 162 Sold 1 bd · 1 ba · 735 sqft · $558 · 0.3 mi | $410,000 | 1 | 1 | 735 | $558 | 0.3 mi |
C 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 |
D 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 |
E 118 Astronaut Ellison S Onizuka Street 205 Sold 1 bd · 1 ba · 702 sqft · $641 · 0.2 mi | $450,000 | 1 | 1 | 702 | $641 | 0.2 mi |
F 108 W 2nd Street 915 Sold 1 bd · 1 ba · 730 sqft · $610 · 0.2 mi | $445,000 | 1 | 1 | 730 | $610 | 0.2 mi |
G 800 W 1st Street 2801 Sold 1 bd · 1 ba · 735 sqft · $582 · 0.8 mi | $428,000 | 1 | 1 | 735 | $582 | 0.8 mi |
H 257 S Spring Street 4l Sold 0 bd · 1 ba · 650 sqft · $538 · 0.3 mi | $350,000 | 0 | 1 | 650 | $538 | 0.3 mi |
I 267 S San Pedro Street Active 1 bd · 1 ba · 690 sqft · $362 · 0.0 mi | $249,900 List Price | 1 | 1 | 690 | $362 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this 20-year-old condo is well-maintained, functional, and move-in ready. The kitchen features clean cabinetry and stainless steel appliances, the bathroom is in good shape, and the unit includes reliable systems like central HVAC and in-unit laundry.
Situated in the heart of Little Tokyo near the Arts District, the property offers exceptional walkability to world-class dining, cultural attractions, and public transit.
This top-floor residence features floor-to-ceiling glass doors and a generous south-facing private patio, providing abundant natural light and impressive city light views.
Residents benefit from a robust amenity package including 24-hour security, a fitness center, sauna, koi pond, and guest parking, ensuring a secure and social lifestyle.
The association fee of $968 per month is relatively high for a 690-square-foot one-bedroom unit, which may impact monthly affordability for some buyers.
As a 55+ senior living community, the property has a restricted buyer pool, which limits marketability and future resale opportunities to a specific demographic.
Enjoy penthouse-level living at Teramachi, a sought-after 55+ community in the heart of Little Tokyo. This bright one-bedroom, one-bath residence features an open, comfortable floor plan filled with natural light. Floor-to-ceiling sliding glass doors extend the living space onto a generous south-facing private patio, an ideal spot for morning coffee, outdoor dining, or simply taking in the city views. The residence also offers the convenience of central Air/Heat, ample closet space, in-unit laundry and one assigned space in the secured parking garage. Designed around an engaging and comfortable lifestyle, Teramachi offers an impressive collection of amenities. Residents enjoy a beautifully landscaped central courtyard with koi pond, fitness center, sauna, guest lounges, community barbecues, and a two-story multipurpose room complete with its own kitchen for gatherings and events. A 24-hour front desk and security station provides additional peace of mind, while guest parking makes entertaining easy. Beyond the community, some of Downtown Los Angeles' best dining, shopping, cultural attractions, museums, and public transportation are just moments away. With Little Tokyo right outside your door and the Arts District nearby, this residence offers an exceptional opportunity to enjoy one of DTLA's most distinctive neighborhoods while coming home to the comfort and tranquility of Teramachi.
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 | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 690 | 1,252.996 |
| Lot Size | 64,671 | 26,029.603 |
| Price | $349.0K | $778.5K |
| Price per sq ft | $506 | $629 |
| Built year | 2006 | 1981 |
| HOA | $968.0 | $676 |
| Days on market | 53 | 74 |
Sep 17, 2026
$349,000
Initial Listing
Dec 22, 2022
$388,000
Public Record
Oct 29, 2021
$250,000
Public Record
Aug 31, 2012
$285,000
Public Record
Dec 21, 2007
$407,500
Public Record