2864 Sunset Place 404, Los Angeles, California 90005, Los Angeles, 90005 - 2 bed, 2 bath
ACTIVE$598,800
2864 Sunset Place 404, Los Angeles, California 90005
2Beds
2Baths
980Sqft
6,832Lot
Year Built
2006
Close
-
List price
$599K
Original List price
$649K
Price/Sqft
$611
HOA
$464
Days on market
-
Sold On
-
MLS number
24438017
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $598.8K(35th), sqft - 980(35th), beds - 2(50th), baths - 2(50th).
This condo is qualified with 0% down with NO PMI Location Location Location. Price Price Price. This is awesome 2 Bedrooms condo with 2 Parking. it is town-home style 2 story beautiful condo in heart of Korea town. All of shop, Metro station, Restaurants, and many parks are in Walking distance.
Price History
Date
Event
Price
06/12/23
Sold
$553,000
11/19/08
Sold
$327,000
03/19/07
Sold
$660,000
Condition Rating
Good
The property, built in 2006, is 18 years old, aligning with the 'Good' condition criteria. The kitchen features stainless steel appliances, dark wood cabinets, and granite countertops, all appearing well-maintained and functional. Bathrooms are also in good condition with consistent finishes. Flooring, including hardwood/laminate, carpet, and tile, appears clean and well-kept. The overall condition suggests the property is move-in ready with no immediate renovations required, and major systems are likely well-maintained and within their expected lifespan.
Pros & Cons
Pros
Prime Koreatown Location: The property is situated in the heart of Koreatown, offering exceptional walkability to shops, restaurants, metro station, and parks, appealing to urban dwellers.
Attractive Financing Option: Qualified for 0% down payment with no PMI, significantly lowering the barrier to entry for potential buyers.
Townhome-Style Living with Ample Parking: Features a desirable two-story, townhome-style layout, providing a more spacious and private feel than typical condos, complemented by two dedicated parking spaces.
Modern Construction & City Views: Built in 2006, offering newer construction benefits, and boasts desirable city lights views.
Competitive Pricing: The current list price of $598,800, after a reduction from $649,000, positions it as a potentially attractive value proposition in the current market.
Cons
Significant Monthly Association Fee: A monthly association fee of $464 adds a considerable recurring cost to homeownership.
Extended Market Time & Price Reduction: The property has been on the market since September 2024 and has undergone a price reduction, which may suggest challenges in attracting buyers or initial overpricing.
Compact Living Space: At 980 square feet for a 2-bedroom, 2-bath unit, the living space may be considered compact for some buyers, potentially limiting its appeal to those seeking more expansive interiors.