
Los Angeles, California 90057
This property presents a High-Potential Investment Opportunity with a List Price of $269,999, currently aligned with its $269,999 Fair Market Value. While the home maintains a Fair Condition Rating due to dated interiors, it offers significant upside through modernization. Key features include an Expansive Private Patio, Rooftop Heated Pool, and Resort-Style Amenities in a central Koreatown location. This asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a high-demand urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 421 S La Fayette Park 214 Subject 1 bd · 1 ba · 800 sqft · $337 | $269,999* List Price | 1 | 1 | 800 | $337 | - |
A 421 S La Fayette Park 406 Active 1 bd · 1 ba · 715 sqft · $419 | $299,888 List Price | 1 | 1 | 715 | $419 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this 53-year-old condo is dated and requires modernization. While it has recent cosmetic improvements like fresh paint and laminate flooring, the kitchen and bathroom are explicitly noted as needing updates to reflect personal style. The kitchen features older white appliances, dated cabinetry, and popcorn ceilings, placing it in the 'Fair' category as it is functional but exceeds the 20-year threshold for modern standards.
The unit features one of the largest and most desirable private patios in the community, offering rare and significant outdoor living space in a dense urban setting.
Residents have access to premium building features including a rooftop heated pool, jacuzzi, fitness center, and secure entry, providing a high-end lifestyle experience.
At approximately 800 sq. ft., this one-bedroom condo offers a spacious and functional layout that includes a dedicated dining area and a working fireplace.
The kitchen and bathroom are in need of modernization, requiring the buyer to budget for additional capital improvements to bring the home up to contemporary standards.
With 179 days on market and multiple price reductions, the property may face challenges regarding buyer perception and perceived market value.
Why look anywhere else! Welcome to one of the most bright, spacious, and inviting 1-bedroom, 1-bathroom condo offering approximately 800 sq. ft. of comfortable living space, welcoming, and pet-friendly community in the heart of Koreatown. This home feels significantly larger than its square footage, thanks to its thoughtful layout, abundant natural light, oversized mirrors, and exceptional indoor-outdoor flow. Fresh paint and laminate flooring create a clean and inviting atmosphere, while the open kitchen features a gas range/oven and included refrigerator and flows naturally into the living area, complete with a working fireplace for cozy evenings at home. The generously sized bedroom offers ample closet storage, while the defined dining area provides flexible space for dining, working from home, or entertaining. The true showstopper is the private patio—one of the largest and most desirable patios in the community. This exceptional outdoor space feels like a natural extension of the home, offering plenty of room for morning coffee, outdoor dining, entertaining, gardening, or simply relaxing and enjoying the beautifully landscaped surroundings. The kitchen and bathroom provide an opportunity for the new owner to add their own personal style and make the space truly their own. Whether you choose to make cosmetic updates over time or create a completely personalized look, this home offers a wonderful foundation to reflect your own taste. The community offers a quiet, friendly, and pet-friendly atmosphere, with great neighbors, landscaped grounds, and walking paths. Residents also enjoy resort-style amenities including a rooftop heated pool, jacuzzi, fitness room, secure entry, cable readiness, and one assigned parking space. Enjoy the convenience of being close to coffee shops, restaurants, shopping, parks, Metro access, and Downtown Los Angeles. Experience the vibrant energy and incredible convenience of Koreatown while coming home to a peaceful community where you can relax and enjoy your own private outdoor space. Whether you're a first-time buyer, looking for a centrally located home, or seeking an opportunity to create a space that reflects your own style, this property offers a rare combination of generous outdoor space, comfortable living, resort-style amenities, and an excellent central LA location. Move-in ready and waiting for the right individual, couple, or family to make it home. Seller motivated—bring your offer!
No exterior & parking available.
Grades K • 0.1 mi
Grades 1-5 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 800 | 1,252.996 |
| Lot Size | 43,264 | 26,029.603 |
| Price | $270.0K | $778.5K |
| Price per sq ft | $337 | $629 |
| Built year | 1971 | 1981 |
| HOA | $554.0 | $676 |
| Days on market | 197 | 74 |
Oct 22, 2026
$269,999
$285,000
-5% Price Drop
Initial Listing
Aug 31, 2026
$285,000
$299,999
-5% Price Drop
Initial Listing
Jun 7, 2026
$299,999
$329,999
-9% Price Drop
Initial Listing
Apr 26, 2026
$329,999
Initial Listing