
Los Angeles, California 90057
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $499,900—positioned well below the $587,055 Fair Market Value by 14%. This valuation gap provides $87,155 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit offers modern, move-in-ready interiors, including a remodeled kitchen, skylights, and two dedicated parking spaces. Located near Koreatown, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a secure, low-maintenance urban residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 400 S La Fayette Park Place 315 Subject 2 bd · 2 ba · 1,228 sqft · $404 | $475,000* List Price | 2 | 2 | 1,228 | $404 | - |
A 421 S La Fayette Park Place 210 Active 2 bd · 2 ba · 1,025 sqft · $487 · 0.1 mi | $499,000 List Price | 2 | 2 | 1,025 | $487 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the building was constructed in 1970, the condo unit itself has been recently remodeled. It features updated kitchen and bathrooms, modern stainless steel appliances, recessed lighting, and newer laminate flooring throughout, making it well-maintained and completely move-in ready.
As a top-floor unit featuring skylights and an open-concept layout, the home enjoys an abundance of natural light and enhanced privacy with no neighbors living above.
The property features recently remodeled kitchen and bathrooms along with sleek laminate flooring, offering a move-in-ready aesthetic that appeals to contemporary buyers.
Situated near Koreatown and Downtown LA, the unit includes two dedicated parking spaces, which is a rare and highly valuable asset in this high-density urban neighborhood.
Despite its top-floor positioning, the property is listed as having no significant views, which may be a drawback for buyers seeking the typical vistas associated with elevated units.
Constructed in 1970, the building may have aging infrastructure or systems that could lead to higher long-term maintenance needs compared to newer developments in the area.
LEASE TO OWN option available, offering qualified buyers an alternative path to homeownership. Discover a hidden gem in one of Los Angeles’ most charming neighborhoods, nestled along a peaceful, tree-lined street that seamlessly blends residential tranquility with urban convenience. Just minutes from Koreatown and Downtown Los Angeles, this updated 2 bedroom, 2 bathroom condo comes with 2 parking spaces, and provides convenient access to the city’s vibrant dining, shopping, and entertainment destinations while offering a peaceful residential setting. The thoughtfully designed interior features a spacious, open-concept floor plan, top floor unit with skylights that add lots of natural light, complemented by laminate flooring that creates a sleek, modern aesthetic. The kitchen and bathrooms recently went through some remodeling as well. The living and dining areas flow seamlessly onto a private balcony, providing an inviting outdoor space for morning coffee, relaxation, or entertaining. Situated within a well-maintained, secure community, residents enjoy desirable amenities, including an outdoor swimming pool and a versatile community room, ideal for gatherings or working from home. With its modern finishes, functional layout, private outdoor space, and convenient proximity to some of Los Angeles’ most popular destinations, this move-in-ready residence offers an excellent opportunity to enjoy comfortable urban living in a tranquil neighborhood setting. With the 2028 Olympics approaching, Los Angeles continues to see significant investment and improvements, making this an exciting time to own a home in the city.
No exterior & parking available.
Grades K • 0.1 mi
Grades 1-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,228 | 1,252.996 |
| Lot Size | 28,383 | 26,029.603 |
| Price | $475.0K | $778.5K |
| Price per sq ft | $387 | $629 |
| Built year | 1970 | 1981 |
| HOA | $403.0 | $676 |
| Days on market | 49 | 74 |
Oct 17, 2026
$475,000
$499,900
-5% Price Drop
Initial Listing
Sep 21, 2026
$499,900
Initial Listing
Sep 2, 2005
$400,000
Public Record