400 S La Fayette Park, Los Angeles, California 90057, Los Angeles, 90057 - 2 bed, 2 bath
400 S La Fayette Park
Los Angeles, California 90057
Property Price
SUMMARY
Analysis of 400 S La Fayette Park, Los Angeles, California 90057 is currently available with a list price of $485,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1970, is clean and appears functional, but the interior is significantly dated. The kitchen features older white appliances (except for a stainless dishwasher), dated white cabinets, laminate countertops, and older tile flooring. Popcorn ceilings and dated light fixtures are present throughout the living areas. While 'move-in ready,' it requires substantial cosmetic updates to meet current quality standards and styles, aligning with a property that is aged but maintained, with functional but outdated major components.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
The condo boasts an exceptional central location, offering convenient access to major Los Angeles hubs like Koreatown, Downtown LA, and Larchmont Village, along with excellent connectivity to freeways, public transportation, and a wealth of shopping, dining, and entertainment options.
- Spacious & Functional Layout
With approximately 1,200 sq ft, this 2-bedroom, 2-bathroom unit features a generous and open floor plan, including well-sized bedrooms, ample closet space, and two full bathrooms, providing comfortable living.
- Valuable Amenities & Parking
The property includes two highly desirable assigned parking spaces, a significant advantage in Los Angeles, complemented by access to a community swimming pool for residents.
CONSRISKS & DEFICIENCIES
- Building Age
Constructed in 1970, the building's age may suggest potential for older infrastructure or common area aesthetics, which could necessitate future maintenance or updates not explicitly covered by the unit's 'move-in ready' status.
- Monthly Association Fees
The $360 monthly association fee, while covering amenities, represents a recurring cost that adds to the overall housing expense and should be factored into a buyer's budget.
- Unspecified Interior Modernization
While move-in ready, the description does not detail specific modern upgrades to key areas like the kitchen or bathrooms, which might lead potential buyers to anticipate future renovation costs to achieve contemporary finishes in a 1970-built unit.
About 400 S La Fayette Park
Spacious 2-bedroom, 2-bathroom condo located in Los Angeles, offering approximately 1,200 sq ft of comfortable living space. The unit features an open and functional floor plan with generously sized bedrooms, ample closet space, and two full bathrooms. Vacant and move in ready, this property is ideal for immediate occupancy. The condo includes two assigned parking spaces in a highly desirable area. Residents also enjoy access to a community swimming pool. Centrally located near Koreatown, Downtown Los Angeles, Larchmont Village, and MacArthur Park, with convenient access to Wilshire Blvd, major freeways (10 & 110), public transportation, shopping, dining, and entertainment. Perfect for owner-occupants or investors seeking a well located Los Angeles property.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 28,383 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $360.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,238 | 1,161.5 | 50% |
| Lot Size | 28,383 | 28,383 | 50% |
| Price | $485.0K | $460.0K | 50% |
| Price per sq ft | $392 | $409 | 25% |
| Built year | 1970 | 1971 | 25% |
| HOA | $360.0 | $535 | 38% |
| Days on market | 84 | 229 | 13% |
Pricing History
Listed for Sale
Dec 12, 2025
$485,000
Initial Listing