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421 S La Fayette Park Place 509, Los Angeles, California 90057, Los Angeles, 90057 - 2 bed, 2 bath

421 S La Fayette Park Place 509, Los Angeles, California 90057 home-pic-0
ACTIVE$480,000$1,037/sqft
421 S La Fayette Park Place 509, Los Angeles, California 90057
2Beds
2Baths
1,037Sqft
43,264Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Panoramic Views: The condo offers exceptional panoramic views of Downtown LA, Griffith Observatory, the Hollywood Sign, and Hollywood Hills from the balcony and bedrooms, significantly enhancing its appeal.
Top Cons:
As-Is Sale Condition: The property is sold 'AS-IS,' which may imply that the buyer will be responsible for any necessary repairs or upgrades, potentially adding to the initial investment.

Compared to the nearby listings

Price:$480.0K vs avg $480.0K (+$0)50%
Size:1,037 sqft vs avg 1,037 sqft50%
Price/sqft:$463 vs avg $43364%

More Insights

Built in 1971 (55 years old).
Condition: Built in 1971, the building is over 50 years old. However, the unit has undergone extensive and recent renovations, including upgraded stainless steel appliances, granite kitchen countertops, fresh paint, new carpet in bedrooms, and updated bathrooms with modern fixtures and tiling. The property is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a unit extensively renovated within the last 5-15 years.
Year Built
1971
Close
-
List price
$480K
Original List price
$500K
Price/Sqft
$463
HOA
$786
Days on market
-
Sold On
-
MLS number
PW25281640
Home ConditionGood
Features
Excellent View: Mountain(s), Neighborhood
Deck
Pool
Spa
ViewMountain(s), Neighborhood

About this home

Back on market! Welcome to La Fayette Park Place. This home has the best views to offer on the market and has the best time to get in real estate. This condo is perfect for a small family or someone who can utilize the location! The balcony will put you at ease while you overlook Downtown LA, Griffith Observatory and the HOLLYWOOD sign. Feel fresh and pampered with resort like amenities such as a pool, jacuzzi, dry sauna, BBQ pit, fitness center, 24hr security, secured lobby, gated tandem parking, laundry mat, an enclosed courtyard with a peaceful sound of water flowing in the courtyard. As we get closer to fall, the fireplace will come in handy. Entertain guests with upgraded stainless steel appliances, granite kitchen countertops and an open floor plan along with central AC. The home has fresh paint new carpet in each bedroom. Each bedroom has a walk-in closet along with their own private view of the Hollywood Hills. Koreatown has a lot to offer especially with the Olympics around the corner this place will transform and blossom even more by then. A unit like this is rare! The location of this property is prime as you are nearby Lafayette Park, Koreatown, DTLA, Beverly Hills, a childrens hospital, churches, restaurants, multiple shopping centers and great schools. Public transportation and the metro station are nearby and scores high on the walking score. Schedule your appointment today, this won’t last long. Property sold AS-IS

R
Robert Martires
Listing Agent

Nearby schools

/10
Lafayette Park Primary Center
Public,•K•0.1mi
3/10
Charles White Elementary School
Public,•1-5•0.4mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.6mi
8/10
Hoover Street Elementary School
Public,•K-5•0.6mi
/10
Lake Street Primary School
Public,•K-1•0.7mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.7mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.7mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.9mi
5/10
Union Avenue Elementary School
Public,•K-5•0.9mi
2/10
Esperanza Elementary School
Public,•K-5•0.9mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.0mi
3/10
Leo Politi Elementary School
Public,•K-5•1.0mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.3mi
2/10
Tenth Street Elementary School
Public,•K-5•1.3mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.5mi
6/10
Castelar Street Elementary School
Public,•K-5•2.4mi
5/10
Virgil Middle School
Public,•6-8•0.8mi
3/10
John H. Liechty Middle School
Public,•6-8•1.0mi
3/10
Sal Castro Middle School
Public,•6-8•1.1mi
3/10
Berendo Middle School
Public,•6-8•1.3mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.1mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.8mi
3/10
Belmont Senior High School
Public,•9-12•1.1mi
8/10
John Marshall Senior High School
Public,•9-12•2.9mi

Price History

Date
Event
Price
09/29/16
Sold
$391,000
Condition Rating
Good
Built in 1971, the building is over 50 years old. However, the unit has undergone extensive and recent renovations, including upgraded stainless steel appliances, granite kitchen countertops, fresh paint, new carpet in bedrooms, and updated bathrooms with modern fixtures and tiling. The property is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a unit extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Panoramic Views: The condo offers exceptional panoramic views of Downtown LA, Griffith Observatory, the Hollywood Sign, and Hollywood Hills from the balcony and bedrooms, significantly enhancing its appeal.
Prime Location & Accessibility: Strategically located near Lafayette Park, Koreatown, DTLA, and Beverly Hills, with high walk score, proximity to public transportation/metro, and future growth potential due to upcoming Olympics.
Extensive Resort-Style Amenities: Residents benefit from a wide array of resort-like amenities including a pool, jacuzzi, dry sauna, BBQ pit, fitness center, 24hr security, secured lobby, gated tandem parking, and laundry mat.
Updated Interior Features: The unit boasts upgraded stainless steel appliances, granite kitchen countertops, an open floor plan, central AC, fresh paint, new carpet in bedrooms, and walk-in closets, offering modern comfort.
Security & Convenience: The building provides 24-hour security, a secured lobby, and gated tandem parking, ensuring a safe and convenient living environment for residents.

Cons

As-Is Sale Condition: The property is sold 'AS-IS,' which may imply that the buyer will be responsible for any necessary repairs or upgrades, potentially adding to the initial investment.
High Monthly Association Fee: The monthly association fee of $786.0 is substantial and could be a significant ongoing cost, impacting the overall affordability and budget for potential buyers.
Building Age: Built in 1971, the building is over 50 years old. While the unit has been updated, the age of the overall structure might raise concerns about potential future maintenance or infrastructure costs for the association.
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