420 S San Pedro Street 509, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
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420 S San Pedro Street 509
Los Angeles, California 90013
ACTIVE
CONDITION: GOOD
1Beds
1Baths
870Sq Ft
76,411Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$399,406
SUMMARY
This Historic Art Deco Loft represents a Strong Value Opportunity, listed at $399,000—positioned well below the $399,406 Fair Market Value by 0.1%. Featuring a Good Condition Rating, this unit offers 12-foot ceilings, original steel casement windows, and 2 deeded parking spaces with EV infrastructure. While the HOA fees are notable, the prime location near Little Tokyo and the Arts District provides significant lifestyle appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, move-in ready urban residence.
Estimated Market Value
$399,406
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 420 S San Pedro Street 509 Subject | $399,000* List Price | 1 | 1 | 870 | $459 | - |
A 312 W 5th Sold | $300,000 | 1 | 1 | 650 | $462 | 0.5 mi |
B 460 S Spring Street 1013 Sold | $440,206 | 2 | 2 | 860 | $512 | 0.4 mi |
C 312 W 5th Street 719 Sold | $360,000 | 1 | 1 | 650 | $554 | 0.5 mi |
D 312 W 5th Street 519 Sold | $305,000 | 1 | 1 | 650 | $469 | 0.5 mi |
E 400 S Broadway 1314 Sold | $485,000 | 1 | 1 | 903 | $537 | 0.5 mi |
F 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property underwent a full residential conversion in 2006 (approximately 18-20 years ago). The unit features a functional galley kitchen with stainless steel appliances, well-maintained hardwood floors, and updated systems including an EV charger. It remains move-in ready and reflects the 'Good' criteria for a 10-20 year old renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Parking & EV Infrastructure
Rare for Downtown LA, this unit includes two deeded parking spaces—one equipped with an EV charger—along with access to 25 guest parking spots, providing significant convenience and value.
- Historic Architectural Character
The loft features 12-foot ceilings, original steel casement windows, and exposed industrial elements that deliver a sophisticated New York-style aesthetic complemented by stunning sunset skyline views.
- Premier Urban Location
Perfectly situated at the intersection of Little Tokyo and the Arts District, the property offers high walkability to Michelin-star restaurants, world-class museums, and diverse cultural hubs.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The HOA fee of $839.23 is relatively high compared to the listing price, which may impact the overall monthly affordability for budget-conscious buyers.
- Underperforming Local Schools
The assigned public high school carries a low rating of 3, which could be a drawback for families or long-term investors concerned with school district quality.
About 420 S San Pedro Street 509
Welcome to a New York-style loft in Downtown LA - harmonious blend of modern elegance and urban sophistication. A The Landmark loft features architectural elements such as an open floor plan with an original oversized steel casement window facing West - rending a WOW-factor view of the LA skyline. Watch the sunset from the comfort of your living room. Step into tall gallery walls, hardwood floors, 12 ft. ceilings, exposed beams and original columns. A bedroom alcove with a walk-in closet, custom built shelves and additional lighting installed inside. Natural light emanates throughout. A galley kitchen that maximizes space and is fully equipped with stainless steel appliances. The bathroom features a large soaking tub and a stacked washer and dryer. Bonus feature! 2 parking spaces on title, with 1 parking space having an EV charger installed. In addition, rare for Downtown L.A, there are 25 guest parking spaces. Building amenities include 24/7 security, an open-air lounge patio, a heated pool and hot tub, barbecue area, fitness room and dog run. Adjacent to LittleTokyo - which is now 1-of-3 remaining historic Japan Towns left in the nation. Bordered by the Arts District, an eclectic neighborhood with a diverse range of Michelin star restaurants, concept coffee and tea shops, breweries and world class museums. Near public transportation and easy access to freeways. The Little TokyoLofts 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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1922
- Lot Size
- 76,411 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $839.23 / Month
Neighborhood Insights
Los Angeles Unified Schools
Ninth Street School
Grades K-5 • 0.7 mi
5/10
Hollenbeck Middle School
Grades 6-8 • 1.9 mi
6/10
Belmont Senior High School
Grades 9-12 • 1.6 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 870 | 1,219.385 |
| Lot Size | 76,411 | 27,236.074 |
| Price | $399.0K | $800.2K |
| Price per sq ft | $459 | $650 |
| Built year | 1922 | 1979 |
| HOA | $839.23 | $685 |
| Days on market | 15 | 72 |
Pricing History
Listed for Sale
Aug 25, 2026
$399,000
Initial Listing
Sold
Aug 25, 2014
$400,000
Public Record
Sold
Mar 19, 2009
$285,500
Public Record