320 S Ardmore Avenue 216, Los Angeles, California 90020, Los Angeles, 90020 - 0 bed, 1 bath
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320 S Ardmore Avenue 216
Los Angeles, California 90020
ACTIVE
CONDITION: FAIR
0Beds
1Baths
378Sq Ft
43,946Lot Size
Property Price
LIST PRICE$240,000
EST. MARKET VALUE
$255,699
6% BelowMARKET VALUE
SUMMARY
This studio condo presents a Strong Value Opportunity with a List Price of $240,000—positioned well below the $255,699 Fair Market Value by 6%. This valuation gap offers $15,699 in Instant Equity for the buyer. Featuring a Fair Condition Rating of 4, the unit serves as a blank canvas for modernization. Located in a prime Koreatown location with secure subterranean parking, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry into the Los Angeles market.
Estimated Market Value
$255,699+$15,699 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 320 S Ardmore Avenue 216 Subject 0 bd · 1 ba · 378 sqft · $676 | $240,000* List Price | 0 | 1 | 378 | $676 | - |
A 320 S Ardmore Avenue 120 Sold 0 bd · 1 ba · 368 sqft · $761 | $280,000 | 0 | 1 | 368 | $761 | - |
B 525 S Ardmore 253 Active 0 bd · 1 ba · 371 sqft · $674 · 0.2 mi | $249,999 List Price | 0 | 1 | 371 | $674 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1973, the unit features recent cosmetic updates including new flooring and fresh paint. However, the bathroom remains dated with older fixtures and cabinetry, and the listing describes the property as a 'blank canvas' sold 'AS-IS,' indicating a need for further modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of Koreatown/Mid-Wilshire, the property offers exceptional walkability and immediate access to diverse dining, vibrant entertainment, and public transportation.
- Comprehensive Community Amenities
The building provides high-value features including secure subterranean parking—a significant asset in this neighborhood—alongside a fitness center and controlled access.
- Entry-Level Investment Opportunity
Priced competitively at $240,000, this unit represents an affordable entry point into the Los Angeles market with significant upside potential for investors or first-time buyers.
CONSRISKS & DEFICIENCIES
- Extremely Limited Square Footage
With only 378 square feet of living space, the studio's compact footprint may limit furniture configurations and appeal to a narrower segment of long-term residents.
- As-Is Condition Requirement
The property is sold in as-is condition, necessitating immediate additional capital for updates and renovations to modernize the space and maximize its value.
About 320 S Ardmore Avenue 216
Charming Studio Condo in Prime Koreatown Location Garden Villas Condominiums Located in the heart of Los Angeles' desirable Mid-Wilshire/Koreatown neighborhood, this charming, low-maintenance studio condo at 320 S. Ardmore Avenue, Unit #216, offers an excellent opportunity for first-time buyers, urban dwellers, or investors seeking upside potential. Situated on the second floor of the highly desirable Garden Villas Condominiums, this bright unit features an efficient, open-concept layout designed for convenient city living. The property is ready to be moved in and is waiting for your final touches. Being sold AS-IS, providing a blank canvas to update, customize, and make it your own. Community amenities include controlled access, a fitness center, recreation room, and secure subterranean parking. Ideally situated near public transportation, diverse dining, shopping, and Koreatown's vibrant entertainment scene, this condo offers convenience and potential in a centrally located Los Angeles neighborhood. Bring your vision and explore the possibilities!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- 43,946 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $331.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Cahuenga Elementary School
Grades K-5 • 0.3 mi
5/10
Charles H. Kim Elementary School
Grades K-5 • 0.4 mi
6/10
Frank Del Olmo Elementary School
Grades K-6 • 0.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 378 | 1,252.996 |
| Lot Size | 43,946 | 26,029.603 |
| Price | $240.0K | $778.5K |
| Price per sq ft | $635 | $629 |
| Built year | 1973 | 1981 |
| HOA | $331.0 | $676 |
| Days on market | 25 | 74 |
Pricing History
Listed for Sale
Oct 15, 2026
$240,000
Initial Listing
Sold
Jul 6, 2018
$300,000
Public Record
Sold
Jun 20, 2013
$119,000
Public Record
Sold
Mar 2, 2007
$193,000
Public Record
Sold
Feb 1, 2002
$58,000
Public Record
Sold
Jan 20, 1998
$30,000
Public Record