
Los Angeles, California 90013
This High-Potential Investment Opportunity is a unique loft listed at a List Price of $359,000—positioned well below the $372,755 Fair Market Value by 3%. This valuation gap offers $13,755 in Instant Equity. Featuring a Condition Rating of 3, this top-floor unit includes a rare skylight, 12-ft ceilings, and an assumable 2.985% interest rate. With resort-like amenities and a prime location near the Arts District, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 420 S San Pedro Street 628 Subject 1 bd · 1 ba · 707 sqft · $527 | $359,000* List Price | 1 | 1 | 707 | $527 | - |
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 312 W 5th Street 719 Sold 1 bd · 1 ba · 650 sqft · $554 · 0.5 mi | $360,000 | 1 | 1 | 650 | $554 | 0.5 mi |
C 460 S Spring Street 1013 Sold 2 bd · 2 ba · 860 sqft · $512 · 0.4 mi | $440,206 | 2 | 2 | 860 | $512 | 0.4 mi |
D 460 S Spring Street 916 Pending 1 bd · 1 ba · 690 sqft · $659 · 0.4 mi | $455,000 List Price | 1 | 1 | 690 | $659 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was converted into residential lofts in 2006, making the renovation 20 years old. The kitchen and bathroom feature functional stainless steel appliances, white cabinetry, and stone countertops that appear well-maintained and move-in ready. While the conversion is at the 20-year threshold, the unit shows no signs of deferred maintenance, and the building systems were modernized during the 2006 transformation.
The property features a rare assumable 30-year loan at a 2.985% interest rate, providing a significant financial advantage and long-term savings in the current interest rate environment.
As a top-floor unit with 12-foot ceilings and the building's only skylight, this loft offers superior natural light and historic industrial charm that distinguishes it from other units in the complex.
Residents benefit from 24/7 security, an EV charging station, and 25 guest parking spaces—an exceptional and rare convenience for the Downtown Los Angeles area.
The monthly association fee of $811.64 is relatively high for a 707-square-foot unit, which may impact the overall affordability and investment yield for potential buyers.
With only 707 square feet of living space, the unit is on the smaller side for a one-bedroom loft, which could be a limiting factor for those requiring more storage or room for furniture.
Welcome to a light drenched top floor loft at the Little Tokyo Lofts. The loft features architectural elements such as a semi-open floor plan with original oversized steel casement windows, tall gallery walls, hardwood floors, 12 ft. ceilings, exposed beams and original columns. The living room and kitchen render an open floor plan balancing style and functionality. The kitchen is fully equipped with stainless steel appliances and white kitchen cabinets. A step out balcony with double French doors offering charm, airy and romantic vibes that seamlessly blends indoor comfort with outdoor air. Unique to the building, this is the only loft with a skylight. The bedroom is spacious and semi-enclosed providing privacy. In addition, the floor plan renders a generous nook that can be used as an office space or for storage. The bathroom features a large soaking tub and a washer/dryer combo. 1 parking space on title with an EV charging station. In addition, rare for Downtown Los Angeles, there are 25 guest parking spaces. Relax,reset or entertain with resort-like grounds and amenities: 24/7 security, an open-air lounge/courtyard, a heated pool, hot tub, barbecue area, fitness room and dog run. Adjacent to Little Tokyo - which is now 1-of-3 remaining historic Japantowns left in the nation. Bordered by the Arts District, an eclectic neighborhood with a diverse range of Michelin star restaurants, concept coffee shops, breweries and world class museums. Near public transportation and easy access to freeways. The Little Tokyo Lofts is a six-story condominium building. The building stands as a testament to the industrial history of Downtown Los Angeles. Originally constructed in 1922 as the Westinghouse Electric Company, the trademark historic Art Deco building was transformed into residential lofts in 2006, offering a blend of historic charm and modern living.The HOA monthly fee covers water, trash, 24/7 security and maintenance of the common areas.
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 | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 707 | 1,252.996 |
| Lot Size | 76,411 | 26,029.603 |
| Price | $359.0K | $778.5K |
| Price per sq ft | $508 | $629 |
| Built year | 1922 | 1981 |
| HOA | $811.64 | $676 |
| Days on market | 27 | 74 |
Oct 13, 2026
$359,000
Initial Listing
Apr 5, 2018
$400,000
Public Record
Nov 18, 2016
$365,000
Public Record
Mar 9, 2012
$130,000
Public Record
Oct 27, 2006
$416,000
Public Record