420 S San Pedro Street 218, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

420 S San Pedro Street 218, Los Angeles, California 90013 home-pic-0
ACTIVE$425,000$990/sqft
420 S San Pedro Street 218, Los Angeles, California 90013
1Bed
1Bath
990Sqft
76,411Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Walkability: Situated in the vibrant Little Tokyo neighborhood of Downtown Los Angeles, offering immediate access to diverse restaurants, cafes, shopping, entertainment, and multiple Metro options, promoting an excellent urban lifestyle.
Top Cons:
High Association Fee: The monthly association fee of $963.26 is substantial and represents a significant ongoing cost, which could impact affordability and appeal to some buyers.

Compared to the nearby listings

Price:$425.0K vs avg $540.0K ($-115,000)43%
Size:990 sqft vs avg 1,031 sqft48%
Price/sqft:$429 vs avg $54310%

More Insights

Built in 1922 (104 years old).
Condition: This loft, located in a historic 1922 building, presents as move-in ready with no immediate renovations required. The kitchen features modern stainless steel appliances and granite countertops, while the bathroom is updated with contemporary fixtures and finishes. The flooring (mix of wood and tile) and overall aesthetic are clean and well-maintained, indicating a significant renovation within the last 5-15 years, aligning with 'Good' condition criteria.
Year Built
1922
Close
-
List price
$425K
Original List price
$425K
Price/Sqft
$429
HOA
$963.26
Days on market
-
Sold On
-
MLS number
26637453
Home ConditionGood
Features
Good View: City Lights
Pool
Spa
ViewCity Lights

About this home

Welcome to Residence #218 at the Little Tokyo Lofts in Downtown Los Angeles, formerly the historic Westinghouse Electric Building, constructed in 1922. This loft features 12-foot ceilings, an open floor plan, and an in-unit washer and dryer. The kitchen boasts granite countertops and stainless steel appliances and is adjacent to a dining area with space for a full-sized dining table. The primary bedroom includes a large walk-in closet and an en-suite bathroom. This particular loft comes with not one but two covered parking spaces, one of which has direct access to an EV charger. Building amenities include a fitness room, heated pool, hot tub, barbecue area, dog run, security guard within a gated building, and a central courtyard. This wonderful condo is within a short distance of Little Tokyo's restaurants, cafes, shopping, entertainment, and Metro options. The unit comes unfurnished, and virtually staged photos have been added to the listing to showcase how the space can be leveraged.

N
Neil Behnke
Listing Agent

Nearby schools

5/10
Ninth Street School
Public,K-50.7mi
6/10
Hollenbeck Middle School
Public,6-81.9mi
3/10
Belmont Senior High School
Public,9-121.6mi

Price History

Date
Event
Price
12/06/16
Sold
$425,000
01/18/07
Sold
$455,000
Condition Rating
Good

This loft, located in a historic 1922 building, presents as move-in ready with no immediate renovations required. The kitchen features modern stainless steel appliances and granite countertops, while the bathroom is updated with contemporary fixtures and finishes. The flooring (mix of wood and tile) and overall aesthetic are clean and well-maintained, indicating a significant renovation within the last 5-15 years, aligning with 'Good' condition criteria.
Pros & Cons

Pros

Prime Location & Walkability: Situated in the vibrant Little Tokyo neighborhood of Downtown Los Angeles, offering immediate access to diverse restaurants, cafes, shopping, entertainment, and multiple Metro options, promoting an excellent urban lifestyle.
Exceptional Parking & EV Charging: Includes two covered parking spaces, a significant advantage in DTLA, with one space featuring direct access to an EV charger, catering to modern electric vehicle owners.
Comprehensive Building Amenities: Residents benefit from a wide array of amenities including a fitness room, heated pool, hot tub, barbecue area, dog run, 24/7 security guard within a gated building, and a central courtyard, enhancing the living experience.
Historic Loft Charm with Modern Conveniences: Housed in the historic 1922 Westinghouse Electric Building, the loft boasts desirable 12-foot ceilings and an open floor plan, complemented by modern kitchen finishes (granite countertops, stainless steel appliances) and an in-unit washer and dryer.
Desirable Unit Features: The unit offers practical and appealing features such as a large walk-in closet, an en-suite bathroom, dedicated dining space for a full-sized table, and city lights views.

Cons

High Association Fee: The monthly association fee of $963.26 is substantial and represents a significant ongoing cost, which could impact affordability and appeal to some buyers.
Older Building Infrastructure: While historic, the building was constructed in 1922, which may imply potential for older underlying infrastructure (plumbing, electrical, common areas) that could lead to future maintenance needs or special assessments.
Lower-Rated Schools: The assigned high school has a rating of 3, which might be a deterrent for families prioritizing top-tier public education, potentially limiting the buyer pool.
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