400 S La Fayette Park Pl #314 314, Los Angeles, California 90057, Los Angeles, 90057 - 1 bed, 2 bath
ACTIVE$428,000
400 S La Fayette Park Pl #314 314, Los Angeles, California 90057
1Bed
2Baths
886Sqft
28,314Lot
Price Vs. Estimate
The estimated value ($404,961.66) is $23,038.34 (6%) lower than the list price ($428,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Location: Prime location on a picturesque tree-lined street, offering excellent urban accessibility just minutes from Koreatown, Silver Lake, and Downtown Los Angeles.
Top Cons:
Older Building Infrastructure: Built in 1970, the property may feature aging infrastructure and systems that could require future updates or maintenance, potentially impacting long-term costs.
Compared to the nearby listings
Price:$428.0K vs avg $479.5K ($-51,500)40%
Size:886 sqft vs avg 1,067.5 sqft40%
Price/sqft:$483 vs avg $43780%
More Insights
Built in 1970 (55 years old).
Condition: Built in 1970, this condo shows signs of regular maintenance and some cosmetic updates like newer laminate flooring in the living areas, fresh paint, and updated kitchen appliances (refrigerator, stove). However, the kitchen cabinets, tiled countertops, and bathroom fixtures and tiling are significantly dated in style. The overall condition is functional and clean, but key areas like the kitchen and bathrooms would likely require renovation to meet modern aesthetic standards, aligning with the 'aged but maintained through regular upkeep and occasional updates' criteria for a 'Fair' rating.
Year Built
1970
Close
-
List price
$428K
Original List price
$435K
Price/Sqft
$483
HOA
$360
Days on market
-
Sold On
-
MLS number
PW25224397
Home ConditionFair
Features
Deck
Pool
View-
About this home
Welcome to La Fayette Park Place! Nestled on a picturesque tree-lined street in a prime location, this fantastic condo places you just minutes from Koreatown, Silver Lake, and Downtown Los Angeles. This spacious 1-bedroom, 2-bathroom home boasts 886 sq. ft. of bright living space, filled with natural light and designed with a smart, open floor plan. Enjoy seamless indoor-outdoor living with large sliding glass doors that open to a charming private balcony—perfect for entertaining guests or relaxing after a long day. The well-appointed galley kitchen is equipped with an electric stove, dishwasher, refrigerator, and ample cabinet space for all your cooking needs. Additional highlights include 2 assigned parking spaces, a refreshing outdoor community pool, and a convenient laundry area located in the garage. With low HOA dues of just $360/month, you’ll also enjoy coverage for water, trash, community pool access, and grounds maintenance. Don’t miss this opportunity to own a beautiful home in one of LA’s most vibrant neighborhoods. Come home—La Fayette Park Place is waiting for you!
Nearby schools
/10
Lafayette Park Primary Center
Public,•K•0.1mi
3/10
Charles White Elementary School
Public,•1-5•0.4mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.5mi
/10
Lake Street Primary School
Public,•K-1•0.6mi
8/10
Hoover Street Elementary School
Public,•K-5•0.6mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.7mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.7mi
5/10
Union Avenue Elementary School
Public,•K-5•0.8mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.8mi
2/10
Esperanza Elementary School
Public,•K-5•0.9mi
3/10
Leo Politi Elementary School
Public,•K-5•1.0mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.1mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.2mi
2/10
Tenth Street Elementary School
Public,•K-5•1.2mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.4mi
6/10
Castelar Street Elementary School
Public,•K-5•2.3mi
5/10
Virgil Middle School
Public,•6-8•0.8mi
3/10
John H. Liechty Middle School
Public,•6-8•0.9mi
3/10
Sal Castro Middle School
Public,•6-8•1.1mi
3/10
Berendo Middle School
Public,•6-8•1.3mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.1mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.9mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.9mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.9mi
3/10
Belmont Senior High School
Public,•9-12•1.1mi
8/10
John Marshall Senior High School
Public,•9-12•2.9mi
Price History
Date
Event
Price
07/24/12
Sold
$225,500
06/16/05
Sold
$375,000
03/12/02
Sold
$175,000
Condition Rating
Fair
Built in 1970, this condo shows signs of regular maintenance and some cosmetic updates like newer laminate flooring in the living areas, fresh paint, and updated kitchen appliances (refrigerator, stove). However, the kitchen cabinets, tiled countertops, and bathroom fixtures and tiling are significantly dated in style. The overall condition is functional and clean, but key areas like the kitchen and bathrooms would likely require renovation to meet modern aesthetic standards, aligning with the 'aged but maintained through regular upkeep and occasional updates' criteria for a 'Fair' rating.
Pros & Cons
Pros
Exceptional Location: Prime location on a picturesque tree-lined street, offering excellent urban accessibility just minutes from Koreatown, Silver Lake, and Downtown Los Angeles.
Generous Living Space & Natural Light: A spacious 886 sq. ft. 1-bedroom, 2-bathroom unit featuring a smart, open floor plan filled with abundant natural light.
Private Balcony & Indoor-Outdoor Flow: Includes large sliding glass doors that open to a charming private balcony, perfect for relaxation and entertaining.
Valuable Amenities & Low HOA: Benefits from 2 assigned parking spaces, a refreshing outdoor community pool, and convenient laundry facilities, all with low HOA dues ($360/month) covering essential services.
Proximity to Quality Schools: Located very close to Lafayette Park Primary Center (0.09 miles) and within reasonable distance to several well-rated elementary schools, enhancing family appeal and potential resale value.
Cons
Older Building Infrastructure: Built in 1970, the property may feature aging infrastructure and systems that could require future updates or maintenance, potentially impacting long-term costs.
Galley Kitchen Design: The kitchen is described as a 'galley kitchen,' which, despite being well-appointed, might be considered less desirable or modern compared to open-concept kitchen designs favored by many contemporary buyers.
Lack of Central Air Conditioning: The property description does not mention a cooling system, implying the absence of central air conditioning, which could be a significant discomfort during warmer periods in Los Angeles.