421 S La Fayette Park 406, Los Angeles, California 90057, Los Angeles, 90057 - 1 bed, 1 bath
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421 S La Fayette Park 406
Los Angeles, California 90057
ACTIVE
CONDITION: GOOD
1Beds
1Baths
715Sq Ft
43,264Lot Size
Property Price
LIST PRICE$299,888
EST. MARKET VALUE
$322,260
6% BelowMARKET VALUE
SUMMARY
This 1-bedroom condominium represents a Strong Value Opportunity, listed at $299,888—positioned well below the $322,261 Fair Market Value by 6%. This valuation gap provides $22,373 in Instant Equity for the buyer. Featuring a Condition Rating of 3 with a modern white kitchen and updated flooring, the unit is move-in ready. Residents benefit from 24-hour security, a fitness center, and a central location near Downtown LA. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a stable, well-located asset.
Estimated Market Value
$322,260+$22,372 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 421 S La Fayette Park 406 Subject | $299,888* List Price | 1 | 1 | 715 | $451 | - |
A 421 S La Fayette Park 701 Sold | $330,000 | 1 | 1 | 715 | $462 | 0.0 mi |
B 421 S La Fayette Park Place 301 Sold | $325,000 | 1 | 1 | 715 | $455 | 0.0 mi |
C 210 S La Fayette Park Place 102 Sold | $250,000 | 1 | 1 | 476 | $525 | 0.3 mi |
D 421 S La Fayette Park Place 711 Active | $340,000 List Price | 1 | 1 | 715 | $476 | 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.
Although the building was built in 1971, the unit interior has been updated with a modern white kitchen, stainless/black appliances, and newer wood-look flooring. The renovation appears to be within the 5-15 year range, leaving the property well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Priced under $300,000, this property offers a rare and highly accessible entry point into homeownership within the competitive Los Angeles market.
- Prime Central Location
Conveniently situated near Downtown LA, Koreatown, and USC, providing residents with excellent proximity to major employment hubs, dining, and entertainment.
- Comprehensive Building Amenities
Features 24-hour on-site security, gated parking, a fitness center, and a rooftop BBQ area, with HOA dues conveniently covering water, gas, and trash.
CONSRISKS & DEFICIENCIES
- High HOA Fees
The monthly association fee of $601 is relatively high for a 715-square-foot, one-bedroom condo, which increases the ongoing cost of ownership.
- Pool Under Renovation
The community pool is currently undergoing renovations, resulting in a temporary lack of access to a key building amenity for incoming residents.
About 421 S La Fayette Park 406
Become a homeowner in Los Angeles without the typical LA price tag! This bright and private 1 bedroom, 1 bath condo offers an incredible opportunity to own in the heart of Los Angeles at an exceptional price. The unit features a beautiful white kitchen, a spacious light-filled living room with a cozy fireplace, and a comfortable, private bedroom. The building offers 24-hour on-site security, gated parking, a fitness center, large community laundry, and a rooftop BBQ area. The community pool is currently undergoing renovations. HOA dues include water, gas, trash, and access to the building amenities. Conveniently located near Downtown LA, USC, and Koreatown, with easy access to dining, entertainment, shopping, and major city destinations.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 43,264 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $601.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Lafayette Park Primary Center
Grades K • 0.1 mi
0/10
Charles White Elementary School
Grades 1-5 • 0.4 mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Grades K-5 • 0.6 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 | 715 | 1,219.385 |
| Lot Size | 43,264 | 27,236.074 |
| Price | $299.9K | $800.2K |
| Price per sq ft | $419 | $650 |
| Built year | 1971 | 1979 |
| HOA | $601.0 | $685 |
| Days on market | 23 | 72 |
Pricing History
Listed for Sale
Aug 17, 2026
$299,888
Initial Listing
Sold
Dec 8, 2016
$320,000
Public Record
Sold
Aug 1, 2013
$199,000
Public Record
Sold
Apr 4, 2008
$217,000
Public Record
Sold
Jul 26, 2006
$315,000
Public Record