421 S La Fayette Park Place 306, Los Angeles, California 90057, Los Angeles, 90057 - 1 bed, 1 bath
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Los Angeles, California 90057
This Modern Urban Condominium is a Prime Investment Opportunity, listed at $360,000—positioned well below the $375,058 Fair Market Value by 4%. This valuation gap offers $15,058 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features Granite Countertops, Grey Laminate Flooring, and stainless appliances. Residents enjoy a Rooftop Pool and Spa with city views, located near top-rated schools like Hoover Street Elementary. This move-in-ready home is ideal for Owner-Occupants or first-time buyers seeking central Los Angeles convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 421 S La Fayette Park Place 306 Subject | $360,000* List Price | 1 | 1 | 750 | $500 | - |
A 421 S La Fayette Park Place 301 Sold | $325,000 | 1 | 1 | 715 | $455 | 0.0 mi |
B 421 S La Fayette Park Place 726 Active | $360,000 List Price | 1 | 1 | 715 | $503 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant modern updates, including grey laminate flooring, contemporary baseboards, granite countertops, and stainless steel appliances. While the building was originally constructed in 1971, the unit's interior has been extensively renovated to meet current aesthetic standards. It features functional major systems such as central heating and air conditioning, though the lack of in-unit laundry and the age of the overall structure prevent an 'excellent' rating.
The unit features stylish grey laminate flooring, granite countertops, and stainless steel appliances, offering a contemporary move-in ready aesthetic for urban professionals.
Residents enjoy high-end communal features including a rooftop pool and spa with panoramic city views, secured entry, and a welcoming lobby.
Ideally positioned between Koreatown and Downtown Los Angeles, the property provides exceptional access to major retailers like Target and Vons, along with diverse dining and entertainment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 750, other record living area = 1019. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
The monthly HOA fee of $601 is relatively high for a one-bedroom unit at this price point, which may impact overall affordability and investor cap rates.
The reliance on a community laundry facility rather than having in-unit hookups may be a significant convenience drawback for modern buyers.
Now offered for sale in the sought after La Fayette Park Towers, this stylish 1 bedroom, 1 bathroom condo offers 715 square feet of bright modern living in the heart of Los Angeles. Designed for comfort and convenience, the unit features grey laminate flooring, contemporary baseboards, and an open concept layout ideal for entertaining or everyday living. Enjoy the ambiance of a cozy fireplace in the living room or take in city views from your private balcony. The kitchen features granite countertops stainless steel appliances and generous cabinetry, while the adjacent dining area includes a mirrored sliding door closet for added storage. The spacious bedroom offers ample closet space, and central heating and air conditioning provide year round comfort. Residents of La Fayette Park Towers enjoy a variety of amenities including a rooftop pool and spa with panoramic views a community laundry facility secured entry and a welcoming lobby. Located just moments from MacArthur Park Koreatown and Downtown Los Angeles with convenient access to shopping dining and entertainment including Target Vons and local restaurants. A wonderful opportunity to own a well located condo that combines modern living desirable amenities and a central Los Angeles location. Welcome home.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.5 | 50% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 750 | 985.5 | 33% |
| Lot Size | 43,252 | 43,264 | 33% |
| Price | $360.0K | $397.5K | 50% |
| Price per sq ft | $480 | $439 | 83% |
| Built year | 1971 | 1971 | 50% |
| HOA | $601.0 | $610 | 50% |
| Days on market | 40 | 181 | 17% |
Mar 13, 2026
$360,000
Initial Listing
Aug 14, 2018
$1,677,272
Public Record