
Los Angeles, California 90013
This historic loft represents a Strong Value Opportunity, listed at $315,000—positioned well below the $328,485 Fair Market Value by 4%. This valuation gap offers $13,485 in Instant Equity for the buyer. Featuring a Condition Rating of 3, this move-in ready unit includes 12-foot ceilings, hardwood floors, and access to a heated pool and spa. Its flexible live/work layout and prime location near the Arts District make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a distinctive urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 420 S San Pedro Street 231 Subject 0 bd · 1 ba · 790 sqft · $416 | $315,000* List Price | 0 | 1 | 790 | $416 | - |
A 312 W 5th Sold 1 bd · 1 ba · 650 sqft · $462 · 0.5 mi | $300,000 | 1 | 1 | 650 | $462 | 0.5 mi |
B 460 S Spring Street 810 Active 1 bd · 1 ba · 810 sqft · $488 · 0.4 mi | $395,000 List Price | 1 | 1 | 810 | $488 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was converted to residences in 2007, making the systems and interior finishes approximately 17 years old. It is well-maintained and move-in ready with stainless steel appliances and hardwood floors.
Positioned as the lowest-priced per square foot condo in the 90013 zip code, this property offers an aggressive entry point and significant value for the Downtown Los Angeles market.
Located in the historic Westinghouse Electric Company conversion, the unit features 12-foot ceilings and a flexible live/work layout that provides a unique, gallery-like atmosphere.
Residents enjoy 24-hour gated security, a heated pool, fitness center, and the rare urban luxury of an assigned parking space plus 25 guest parking spots.
The HOA fee of approximately $803 is relatively high compared to the listing price, which may impact the debt-to-income ratio and overall affordability for some buyers.
The unit is tucked quietly within the building interior and lacks a scenic view, which may result in less natural light compared to exterior-facing units.
The lowest-priced per sqft condo in 90013 and one of Downtown LA's best values. Unit 231 is priced aggressively for a timely sale as the owners relocate back to the East Coast. Located inside the historic Little Tokyo Lofts, originally built for the Westinghouse Electric Company and converted to residences in 2007, this spacious live/work studio combines industrial architecture with a clean, flexible layout made for living, working, and creating. Tucked quietly within the building, the loft features approx. 12-foot ceilings, hardwood floors, white walls, and thoughtful built-in storage for an open, gallery-like feel. Dual entry provides access from both the interior hallway and landscaped courtyard, with a small private outdoor area adjacent to the unit. Stainless steel appliances, Murphy bed, projector, and additional storage are included. Little Tokyo Lofts offers 24-hour gated security, a heated pool and spa, a fitness center, BBQ and lounge areas, a dog run, and bike storage. Unit 231 includes one assigned parking space conveniently located near the elevator, plus approximately 25 guest parking spaces. HOA dues include water, gas, and sanitation. Close to Little Tokyo, the Arts District and Gallery Row, with restaurants, museums, galleries, shopping and entertainment nearby. At this price, Unit 231 offers a rare opportunity to own a distinctive historic loft in Downtown Los Angeles.
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 | 790 | 1,252.996 |
| Lot Size | 76,411 | 26,029.603 |
| Price | $315.0K | $778.5K |
| Price per sq ft | $399 | $629 |
| Built year | 1922 | 1981 |
| HOA | $803.38 | $676 |
| Days on market | 12 | 74 |
Oct 28, 2026
$315,000
Initial Listing
Sep 19, 2018
$410,000
Public Record
May 12, 2011
$145,000
Public Record
Aug 24, 2006
$364,000
Public Record