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
Property Price
SUMMARY
Analysis of 421 S La Fayette Park Place 509, Los Angeles, California 90057 is currently available with a list price of $480,000. 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 is move-in ready and features several key updates that elevate it above 'fair' condition despite its 1971 construction. The kitchen has been modernized with granite countertops and upgraded stainless steel appliances, and the interior benefits from fresh paint and new carpeting in the bedrooms. With functional central AC, a fireplace, and well-maintained common amenities, the unit shows minimal wear and tear and requires no immediate major renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Urban Views
The property features exceptional panoramic views of Downtown Los Angeles, the Griffith Observatory, and the Hollywood Sign from the private balcony and both bedrooms.
- Resort-Style Amenities
Residents benefit from a comprehensive suite of amenities including 24-hour security, a fitness center, pool, dry sauna, and secure gated tandem parking.
- Prime Central Location
Located in the heart of Koreatown with a high walk score, the unit offers excellent proximity to Lafayette Park, the Metro station, DTLA, and Beverly Hills.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $786 is relatively high for the price point, which may impact the debt-to-income ratio for potential buyers.
- As-Is Sale Condition
The property is being sold in as-is condition, which may limit a buyer's leverage to request repairs or credits during the contingency period.
About 421 S La Fayette Park Place 509
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
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 43,264 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $786.0 / 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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,037 | 1,061 | 50% |
| Lot Size | 43,264 | 35,823.5 | 50% |
| Price | $480.0K | $457.5K | 50% |
| Price per sq ft | $463 | $425 | 63% |
| Built year | 1971 | 1971 | 50% |
| HOA | $786.0 | $587 | 88% |
| Days on market | 66 | 229 | 13% |
Pricing History
Listed for Sale
Jan 18, 2026
$480,000
$500,000
-4% Price Drop
Initial Listing
Price Change
Dec 30, 2025
$500,000
Initial Listing
Sold
Sep 29, 2016
$391,000
Public Record

















