267 S San Pedro Street 623, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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Los Angeles, California 90012
This top-floor penthouse in the Teramachi community represents a Strong Value Opportunity, listed at $449,000—positioned well below the $482,085 Fair Market Value by 6%. This valuation gap offers $33,085 in Instant Equity. Featuring a Condition Rating of 3, this move-in ready unit includes a Granite Kitchen, View Balcony, and Central HVAC. While situated in a 55+ community, the prime DTLA location offers unmatched urban walkability. This is an ideal acquisition for Buy-and-Hold Investors 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 Street 623 Subject | $449,000* List Price | 2 | 2 | 970 | $497 | - |
A 267 S San Pedro Street 621 Sold | $392,000 | 1 | 1 | 800 | $490 | 0.0 mi |
B 100 S Alameda 162 Sold | $410,000 | 1 | 1 | 735 | $558 | 0.3 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 309 Sold | $515,000 | 2 | 2 | 1,217 | $423 | 0.8 mi |
F 880 W 1st Street 802 Sold | $499,000 | 1 | 1 | 1,006 | $496 | 0.8 mi |
G 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 18-year-old penthouse is well-maintained and move-in ready. The kitchen features functional granite countertops and stainless steel appliances, and the unit includes modern systems like central HVAC and in-unit laundry, aligning with the 10-20 year age criteria for good condition.
As a top-floor penthouse, this unit boasts high ceilings and floor-to-ceiling windows that offer sun-drenched interiors and panoramic city light views.
Located in the heart of Little Tokyo, the property provides exceptional walkability to iconic DTLA destinations including Grand Central Market, Disney Hall, and Union Station.
The Teramachi community offers a luxury lifestyle with 24-hour security, a fitness center, a central courtyard with a koi pond, and rare guest parking in a downtown setting.
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 property is situated within a 55+ adult community, which significantly limits the pool of potential buyers and may impact long-term resale velocity.
The association fee of $1,178 per month is relatively high for a sub-1,000 square foot unit, which may deter budget-conscious buyers despite the amenities provided.
Located in the heart of DTLA's historic Little Tokyo is this top floor condo penthouse with 2 bedrooms, including Primary Suite with walk-in closet, 2 full bathrooms, light & bright living room with fireplace, view balcony and gourmet kitchen with granite counter tops, breakfast bar and stainless steel appliances. The east facing unit with floor-to-ceiling windows and sliders afford sun drenched mornings and city lights views. Additional qualities include high ceilings, central air & heat, in-unit washer & dryer and assigned parking. Teramachi is an adult (55+) community offering a variety of amenities including fitness center, central courtyard with koi pond, guest lounges, 2-story community room, community barbecues, guest parking and 24 hour front desk/security station. Close to Little Tokyo shopping & restaurants, Grand Central Market, Union Station, Dodger Stadium, Dorothy Chandler Pavilion and 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 | 65% |
| Baths | 2.0 | 1.0 | 65% |
| Square foot | 970 | 994 | 45% |
| Lot Size | 64,671 | 43,816 | 52% |
| Price | $449.0K | $625.0K | 26% |
| Price per sq ft | $463 | $582 | 19% |
| Built year | 2006 | 2005 | 58% |
| HOA | $1178.0 | $858 | 77% |
| Days on market | 11 | 221 | 3% |
May 26, 2026
$449,000
Initial Listing
Sep 21, 2015
$450,000
Public Record