421 S La Fayette Park 701, Los Angeles, California 90057, Los Angeles, 90057 - 1 bed, 1 bath
421 S La Fayette Park 701
Los Angeles, California 90057
Property Price
SUMMARY
Analysis of 421 S La Fayette Park 701, Los Angeles, California 90057 is currently available with a list price of $380,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1971, has undergone an extensive interior remodel, making it move-in ready. The kitchen features modern stainless steel appliances, granite countertops, and self-closing cabinets. The bathroom is also updated with a modern vanity, granite, and clean tiling. The flooring throughout the living areas is well-maintained hardwood/laminate, and the unit appears to have fresh paint. While the building itself is older, the unit's recent renovation aligns with the 'Good' criteria for a property extensively renovated within the last 5 to 15 years, requiring no immediate updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
The condo boasts a highly desirable central location, minutes from Downtown LA, USC, and Koreatown, providing excellent access to employment, education, and entertainment hubs.
- Extensive Building Amenities
Residents benefit from resort-style amenities including a rooftop pool and spa with city views, recreational area, gym, sauna, gated parking, on-site management, maintenance staff, and 24-hour security.
- Remodeled & Modern Interior
The unit features a modern, remodeled kitchen with granite countertops, stainless steel appliances, and self-closing cabinets, along with a bright open layout and a fireplace.
CONSRISKS & DEFICIENCIES
- Compact Unit Size
At 715 square feet for a 1-bedroom, 1-bathroom unit, the living space may be considered compact for some buyers, potentially limiting its appeal to those desiring more room.
- Significant Association Fee
The monthly association fee of $501, while covering some utilities and amenities, represents a notable recurring cost that adds to the overall housing expense.
- Building Age
Constructed in 1971, the building is over 50 years old. While the unit is remodeled, the age of the overall structure could imply potential for future building-wide maintenance, assessments, or dated common areas not explicitly updated.
About 421 S La Fayette Park 701
This amazing condo qualifies for a conventional financing with minimum 3% down Payment! Lender's credit is also available for qualified borrowers. Wake up to the energy of Downtown LA and enjoy iconic skyline views at an exceptional value! Whether you are an investors, first-time buyer, or looking for a second home, this remodeled top-floor 1BD/1BA condo at La Fayette Park Towers is a perfect find with no neighbors above, and a bright open layout. The modern kitchen features granite countertops, stainless steel appliances, and self-closing cabinets, flowing into a spacious living area with a fireplace and balcony overlooking the lush courtyard and amazing city view. Enjoy resort-style amenities, including a rooftop pool and spa with city views, recreational area, gym, and sauna. The secure building offers gated parking, one assigned space, on-site management, maintenance staff, and 24-hour security. HOA covers water, gas, and trash. Walk to nearby schools: Lafayette Park Primary Center, Larchmont Charter, and Pilgrim School, or assigned public schools are located within a five-mile radius. The building sits on a quiet, tree-lined street with a friendly community. This prime central location is just minutes from Downtown LA, USC, and Koreatown, offering easy access to everything the city has to offer.
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
- $501.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Lafayette Park Primary Center
Grades K • 0.1 mi
Charles White Elementary School
Grades 1-5 • 0.4 mi
Macarthur Park Elementary School For The Visual And Performing Arts
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.5 | 50% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 715 | 985.5 | 25% |
| Lot Size | 43,264 | 35,823.5 | 50% |
| Price | $380.0K | $407.5K | 50% |
| Price per sq ft | $531 | $425 | 75% |
| Built year | 1971 | 1971 | 50% |
| HOA | $501.0 | $535 | 38% |
| Days on market | 142 | 229 | 13% |
Pricing History
Listed for Sale
Oct 15, 2025
$380,000
Initial Listing
Sold
Sep 30, 2005
$325,000
Public Record