
Los Angeles, California 90013
This Modern Live/Work Urban Loft is listed at $355,000, representing a stable entry point at its $355,000 Fair Market Value. Maintaining a Condition Rating of 3, the residence features polished wood floors, high ceilings, and a functional Murphy bed. A standout asset is the rare oversized same-floor parking space, providing effortless access alongside building amenities like a pool and spa. Positioned within the Los Angeles Unified district near Ninth Street School, this turnkey home is ideal for creative professionals or first-time buyers seeking a refined urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 420 S San Pedro Street 231 Subject | $355,000* List Price | 0 | 1 | 790 | $449 | - |
A 312 W 5th Street 519 Sold | $305,000 | 1 | 1 | 650 | $469 | 0.5 mi |
B 460 S Spring Street 813 Sold | $450,000 | 1 | 2 | 860 | $523 | 0.4 mi |
C 312 W 5th Street 705 Sold | $355,000 | 1 | 1 | 670 | $530 | 0.5 mi |
D 420 S San Pedro Street 309 Sold | $400,000 | 0 | 1 | 870 | $460 | - |
E 420 S San Pedro Street 628 Active | $385,000 List Price | 0 | 1 | 707 | $545 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is part of a 2006 residential conversion, placing the interior systems and finishes in the 10-20 year age range. The kitchen is functional with stainless steel appliances and stone countertops, and the polished wood floors appear well-maintained. The unit is move-in ready and the building's common amenities (pool, gym, security) are in good condition, though the bathroom and kitchen styling are consistent with the original conversion era.
This unit features a rare oversized parking space located on the same floor as the residence and offers direct access to a private outdoor courtyard, providing a level of convenience and ease of entry seldom found in DTLA loft buildings.
The 790-square-foot interior is optimized for flexibility with high ceilings, polished wooden floors, and smart built-ins including a Murphy bed, making it an ideal quiet retreat for creative professionals or minimalist living.
Situated between Little Tokyo and the Arts District, the property boasts a high walkability score with immediate proximity to world-class dining, galleries, and cultural landmarks within a secure, amenity-rich historic building.
The monthly HOA fee of $803.38 is relatively high for a unit of this size, which may impact the overall affordability and debt-to-income ratios for budget-conscious buyers.
Being an interior-facing unit with no designated view, the property lacks the iconic city skyline vistas often sought after in downtown high-rise living, which may limit its appeal to certain buyers.
Unit 231 at Little Tokyo Lofts is a rare find: a quiet, interior-facing live/work loft with direct access to one of the building's private outdoor courtyards, an amenity available only on this floor. Soft, even natural light fills the space throughout the day, making it ideal for creative work, photography, or a calm, minimalist home. The loft features smart built-ins, a space-saving Murphy bed, and an open layout that easily transitions from studio to residence. High ceilings, polished wooden floors, and clean architectural lines give the space a modern, flexible character.A major advantage of this unit is its oversized parking space located on the same floor a convenience rarely found in DTLA loft buildings, offering direct, secure, and effortless access. Little Tokyo Lofts offers controlled-access entry, 24-hour security, a pool, Jacuzzi, fitness center, dog run, and multiple outdoor areas. Positioned between Little Tokyo and the Arts District, you're minutes from galleries, museums, dining, and cultural venues. Building well-maintained, HOA includes gas, water, sewer, and trash. Urban energy at your doorstep, with a retreat-like feeling at home.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 15% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 790 | 1,110 | 23% |
| Lot Size | 76,411 | 36,668 | 69% |
| Price | $355.0K | $642.5K | 19% |
| Price per sq ft | $449 | $573 | 8% |
| Built year | 1922 | 1923 | 35% |
| HOA | $803.38 | $761 | 58% |
| Days on market | 106 | 234 | 12% |
Mar 4, 2026
$355,000
$365,000
-3% Price Drop
Initial Listing
Jan 6, 2026
$365,000
Initial Listing
Sep 19, 2018
$410,000
Public Record
May 12, 2011
$145,000
Public Record
Aug 24, 2006
$364,000
Public Record