2939 Leeward Avenue 509, Los Angeles, California 90005, Los Angeles, 90005 - 3 bed, 2 bath
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Los Angeles, California 90005
This Modern Koreatown Residence is a Strong Value Opportunity, listed at $720,000—positioned well below the $782,258 Fair Market Value by 7%. This valuation gap provides $62,258 in Instant Equity. Boasting an Excellent Condition Rating, this 2018-built former model home features a versatile 3-bedroom plus bonus room layout and premium amenities including a pool and fitness center. Located in the heart of Koreatown, it offers high rental demand and urban connectivity. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey, low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2939 Leeward Avenue 509 Subject | $720,000* List Price | 3 | 2 | 1,430 | $547 | - |
A 625 S Berendo Street 212 Sold | $730,000 | 3 | 2 | 1,340 | $545 | 0.5 mi |
B 625 S Berendo Street 609 Sold | $780,000 | 2 | 2 | 1,390 | $561 | 0.5 mi |
C 625 S Berendo Street 203 Sold | $650,000 | 2 | 2 | 1,210 | $537 | 0.5 mi |
D 631 S Kenmore 406 Sold | $590,000 | 2 | 2 | 1,199 | $492 | 0.6 mi |
E 727 S Ardmore Avenue 802 Sold | $780,000 | 2 | 2 | 1,525 | $511 | 0.8 mi |
F 2939 Leeward Avenue 403 Active | $780,000 List Price | 2 | 2 | 1,290 | $605 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2018, this property is less than 10 years old and meets the criteria for excellent condition. The interior features modern finishes, including a contemporary kitchen and updated bathrooms with large-format tiling and glass enclosures. As a newer construction and former model home, the systems (HVAC/Electric) are modern, and the unit is in near-pristine, move-in-ready condition.
Built in 2018 and originally utilized as the model home, this unit remains in near-pristine condition with contemporary finishes, offering the benefits of newer construction in a mature neighborhood.
The rare inclusion of a bonus room alongside three full bedrooms provides exceptional flexibility for a home office or guest space, catering perfectly to modern remote-work lifestyles.
Listed at $720,000, the property is priced below its 2021 sale price of $735,000, presenting a compelling entry point for a high-amenity building in the heart of Koreatown.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The monthly association fee of $519 represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for some buyers.
The property record indicates no specific view, which may be a disadvantage for buyers seeking the iconic cityscapes or mountain vistas often expected in high-density Los Angeles condo living.
Welcome to this beautifully maintained, move-in-ready residence at 2939 Leeward Ave #509, a rare opportunity to own a newer construction (built in 2018) condo in the heart of vibrant Koreatown. Originally showcased as the model home, this thoughtfully designed unit offers 3 bedrooms and 2 bathrooms, complemented by a versatile bonus room that can easily function as a home office, guest room, or a sleeping space—perfect for today’s flexible lifestyle needs. The interior remains in near-pristine condition, reflecting true pride of ownership with modern finishes and an efficient, open-concept layout. This secure building features controlled access with 24-hour gated entry, ensuring privacy and peace of mind, while the unit includes two assigned subterranean parking spaces for added convenience also with 24-hour secured entry. Residents enjoy a full suite of amenities including a clubhouse, pool, and fitness center—delivering a well-rounded urban living experience. Ideally situated in the very core of Koreatown, this location offers unmatched accessibility for commuters working in Downtown Los Angeles or students attending nearby universities, all while being just moments away from renowned restaurants, cafes, and Asian markets that define the neighborhood’s dynamic lifestyle. This is city living at its finest—modern, convenient, and exceptionally connected.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 81% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,430 | 1,200 | 76% |
| Lot Size | 37,166 | 26,584 | 76% |
| Price | $720.0K | $680.0K | 57% |
| Price per sq ft | $503 | $561 | 24% |
| Built year | 2018 | 1992 | 90% |
| HOA | $519.0 | $540 | 38% |
| Days on market | 42 | 148 | 5% |
May 5, 2026
$720,000
Initial Listing
Dec 10, 2021
$735,000
Public Record