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420 S San Pedro Street 518, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

420 S San Pedro Street 518, Los Angeles, California 90013 home-pic-0
ACTIVE$470,000
420 S San Pedro Street 518, Los Angeles, California 90013
1Bed
1Bath
980Sqft
76,391.172Lot
Year Built
1922
Close
-
List price
$470K
Original List price
$470K
Price/Sqft
$480
HOA
$903
Days on market
-
Sold On
-
MLS number
25484195
Home ConditionFair
Features
Good View: City Lights
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $470.0K(41th), sqft - 980(50th), beds - 1(50th), baths - 1(50th).

The light-filled live/work loft at the Little Tokyo Lofts has a unique floor plan with distinct spaces without sacrificing the open loft feel. Eleven-foot ceilings, huge windows, hardwood floors, stainless kitchen with oversized island, and defined bedroom area with large walk-in closet. Little Tokyo Lofts was the historic Westinghouse Electric elevator factory, built in the 1920s and converted to condos in 2005. This loft complex includes a year-round heated pool and spa, BBQ area, gym, pet area, 24-hour security, and, most importantly, two assigned parking spaces and parking for guests in a secure parking structure attached to the building. Great community with a small-town feel. Five-minute walk to the heart of Little Tokyo.

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.7mi
6/10
Hollenbeck Middle School
Public,•6-8•1.9mi
3/10
Belmont Senior High School
Public,•9-12•1.6mi

Price History

Date
Event
Price
03/04/19
Sold
$552,000
07/28/16
Sold
$450,000
11/29/11
Sold
$182,000
03/21/07
Sold
$515,000
Condition Rating
Fair
The property was extensively renovated in 2005, making the finishes and major components approximately 20 years old. While the unit is clean and well-maintained with hardwood floors, high ceilings, and stainless steel kitchen appliances, the kitchen cabinets and dark backsplash show signs of being outdated. The bathroom features a standard tub/shower combo and basic fixtures, which are functional but also reflect the 2005 renovation style rather than current trends. Minor updates would be required to modernize the kitchen and bathroom.
Pros & Cons

Pros

Prime Downtown Location: Situated in the vibrant Little Tokyo neighborhood, offering excellent walkability and a 'small-town feel' within a bustling urban environment.
Historic Building with Modern Loft Features: A converted historic factory (1922) boasting 11-foot ceilings, huge windows, hardwood floors, and a versatile live/work floor plan.
Comprehensive Building Amenities: Residents benefit from a year-round heated pool, spa, BBQ area, gym, pet area, and 24-hour security.
Valuable Parking Provision: Includes two assigned parking spaces and guest parking in a secure, attached structure, a significant asset in downtown Los Angeles.
Well-Appointed Interior: Features a modern stainless steel kitchen with an oversized island, a defined bedroom area, and a spacious walk-in closet.

Cons

High Monthly Association Fees: The substantial monthly association fee of $903 could be a significant ongoing cost for potential buyers.
Recent Price History: The current list price of $470,000 is notably lower than its 2019 sale price of $552,000, suggesting a potential depreciation in value or market adjustment.
Limited Living Space: As a 1-bedroom, 1-bathroom unit, it may not accommodate buyers seeking more extensive living space or additional bedrooms.

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