
Los Angeles, California 90013
This historic loft in Little Tokyo represents a Strong Value Opportunity, listed at $395,000—positioned above the $362,392 Fair Market Value. While priced slightly above current estimates, the unit features a Condition Rating of 3, boasting 13-foot ceilings, restored concrete floors, and two assigned parking spaces, a rare premium in downtown Los Angeles. With access to a pool, spa, and dog run, this property offers a distinct urban lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready, historic industrial space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 420 S San Pedro St Apt 226 Los Angeles Ca Subject | $395,000* List Price | 0 | 1 | 680 | $533 | - |
A 312 W 5th Sold | $300,000 | 1 | 1 | 650 | $462 | 0.5 mi |
B 312 W 5th Street 719 Sold | $360,000 | 1 | 1 | 650 | $554 | 0.5 mi |
C 312 W 5th Street 519 Sold | $305,000 | 1 | 1 | 650 | $469 | 0.5 mi |
D 460 S Spring Street 1013 Sold | $440,206 | 2 | 2 | 860 | $512 | 0.4 mi |
E 420 S San Pedro Street 231 Active | $350,000 List Price | 0 | 1 | 790 | $443 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the building dates to 1922, this loft conversion is well-maintained and move-in ready. It features recently restored concrete floors, newly installed stainless steel appliances, and functional HVAC systems, placing it within the 5-15 year renovation quality bracket.
The unit features soaring 13-foot ceilings, restored concrete floors, and original concrete walls within the historic 1922 Little Tokyo Lofts building, providing a highly sought-after urban character.
The inclusion of two assigned parking spaces is a significant and rare premium for a downtown loft of this size, offering immense value and convenience in a high-density area.
Custom French doors provide direct access to the community courtyard, creating a seamless indoor-outdoor flow that expands the living space and enhances natural light.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =76, other record lot size in square feet = 76377. Living area discrepancy between mls listing and other public or private record. mls listing living area = 680, other record living area = 870.
The association fee of $796.36 is relatively high for a 680-square-foot unit, which may impact overall affordability and appeal for budget-conscious buyers.
At 680 square feet, the open floor plan is relatively small, which may limit furniture configuration options and storage for long-term residents or couples.
Modern Urban Living at a great value. in Downtown Los Angeles! This is a Loft with high 13inch ceilings located at at the highly desired historic Little Tokyo Lofts building This unit features . recently restored concrete floors. concrete walls. A/C and heating and an open floor plan This unit is light , bright and flows into a community courtyard through custom French doors. The kitchen has custom maple cabinetry, newly installed installed stainless steel appliances, and plenty of cupboard space additional features include. 2 assigned parking spaces, spacious bathroom and washer and dryer inside. Community features include a pool, spa, barbecue area fitness room and dog run All within close proximity to endless restaurants coffee shops shopping and entertainment There are unique aspects . There are unique aspects to this unit. To the point this is a professionals or students dream.it is also fantastic to open the French doors to extend socialize events into the courtyard Little Tokyo dates back to the 1880's were it was one of the first Japan Towns,
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 680 | 1,219.385 |
| Lot Size | 76.36 | 27,236.074 |
| Price | $395.0K | $800.2K |
| Price per sq ft | $581 | $650 |
| Built year | 1922 | 1979 |
| HOA | $796.36 | $685 |
| Days on market | 7 | 72 |
Sep 2, 2026
$395,000
Initial Listing
Jul 12, 2011
$195,000
Public Record
Jan 31, 2007
$555,000
Public Record