421 S La Fayette Park Place 311, Los Angeles, California 90057, Los Angeles, 90057 - 1 bed, 1 bath
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Los Angeles, California 90057
This Strong Value Opportunity is a 1-bedroom condominium listed at $329,000, positioned well below the $328,912 Fair Market Value (effectively at market). While the unit maintains a Condition Rating of 4, it offers significant upside through modernization. Residents benefit from premium amenities including a rooftop pool, spa, and fitness center. Located near major transit and employment hubs, this property provides a stable foundation for Buy-and-Hold Investors or first-time buyers seeking a centrally located, amenity-rich urban residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 421 S La Fayette Park Place 311 Subject | $329,000* List Price | 1 | 1 | 715 | $460 | - |
A 421 S La Fayette Park Place 301 Sold | $325,000 | 1 | 1 | 715 | $455 | 0.0 mi |
B 421 S La Fayette Park 701 Sold | $330,000 | 1 | 1 | 715 | $462 | 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.
Property is moderate renovation needed.
The property was built in 1971 (53 years old) and the listing description does not mention any recent renovations to the kitchen, bathroom, or internal systems. While the building amenities appear well-maintained, the unit itself is dated and likely requires cosmetic updates and modernization to meet current market standards.
Strategically situated near Koreatown, Downtown LA, and USC, this property offers exceptional accessibility to major employment hubs, public transit, and diverse cultural amenities.
The La Fayette Park Towers provide a high-end lifestyle with a rooftop pool and spa, sauna, fitness room, and secure controlled access, which are premium features for this price point.
Listed at $329,000—notably lower than its 2020 sale price of $350,000—this unit presents a strong equity opportunity for first-time buyers and investors in a high-demand market.
The $601 monthly association fee is relatively high for a one-bedroom unit, which may impact overall affordability and the debt-to-income ratio for prospective buyers.
Built in 1971, the structure may require ongoing maintenance or future capital improvements typical of older developments, potentially leading to special assessments.
Welcome to 421 S La Fayette Park Pl #311, a well-located 1-bedroom, 1-bathroom end of the hallway condo in the heart of Los Angeles. This approximately 715 sq ft residence offers a practical and comfortable layout with a spacious living area, dedicated bedroom, and convenient urban living in an amenity-rich community. Located within La Fayette Park Towers, residents can enjoy controlled access, secure parking, elevator access, fitness room, sauna, rooftop pool and spa, and inviting outdoor common areas. The central location places you near Koreatown, Downtown LA, USC, Lafayette Park, shopping, dining, public transit, and major freeways, making it an excellent option for first-time buyers, investors, or anyone seeking a convenient Los Angeles home base.A great opportunity to own in a centrally located building with everyday convenience and desirable community amenities.
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 | 715 | 1,243 |
| Lot Size | 43,264 | 24,016 |
| Price | $329.0K | $805.6K |
| Price per sq ft | $460 | $659 |
| Built year | 1971 | 1981 |
| HOA | $601.0 | $684 |
| Days on market | 22 | 71 |
Jun 30, 2026
$329,000
Initial Listing
Jul 13, 2020
$350,000
Public Record
Jun 20, 2017
$320,000
Public Record