421 S La Fayette Park Place 702, Los Angeles, California 90057, Los Angeles, 90057 - 1 bed, 1 bath

421 S La Fayette Park Place 702, Los Angeles, California 90057 home-pic-0
ACTIVE$450,000
421 S La Fayette Park Place 702, Los Angeles, California 90057
1Bed
1Bath
715Sqft
43,264Lot
Year Built
1971
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$629
HOA
$501.07
Days on market
-
Sold On
-
MLS number
25601103
Home ConditionExcellent
Features
Excellent View: City Lights, Hills
ViewCity Lights,Hills

About this home

We found 3 Cons,5 Pros. Rank: price - $450.0K(50th), sqft - 715(30th), beds - 1(50th), baths - 1(40th).

Pretty Pretty Penthouse with Views! Step into a one-of-a-kind penthouse condominium nestled within a superbly central location in the vibrant heart of the city, where Koreatown/Rampart Village and Downtown Los Angeles intersect. Truly spectacular city and DTLA skyline views from the living room, balcony, and bedroom! An effortless blend of retro charm, with sleek, modern sophistication, and a chic Boho aesthetic, creating a truly unique urban sanctuary. Light, open-concept layout, fireplace, sound-insulated windows, and morning sun balcony! Bright, airy, and peaceful, offering a comfortable setting for both living and working. Timeless design touches add warmth and personality, while updated, custom finishes (including custom built-in furniture and Samsung Frame Art TV) throughout elevate the overall design accentuating privacy and security. The kitchen features sleek appliances, ample storage cabinetry, quartz countertops and a generous island, perfect for both daily use and entertaining on special occasions! Community amenities include a fabulous rooftop deck with pool, spa tub, sauna, BBQ and stunning city views as far as the eye can see. A multi-purpose rec room and well-equipped gym, with manager or security on site 24-hrs and gated parking garage complete the LaFayette lifestyle. Located down the street from La Fayette Park, one is surrounded by Rampart Village's best restaurants, shops, cultural venues, wonderful parks and public transit options. This is a rare opportunity to own a thoughtfully designed penthouse in this most desirable Koreatown/Rampart Village's/DTLA building with easy access to USC and Freeways 5, 10, 101, 110. Enjoy LA life at its best!

Nearby schools

/10
Lafayette Park Primary Center
Public,K0.1mi
3/10
Charles White Elementary School
Public,1-50.4mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,K-50.6mi
8/10
Hoover Street Elementary School
Public,K-50.6mi
/10
Lake Street Primary School
Public,K-10.7mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,K-50.7mi
5/10
Commonwealth Avenue Elementary School
Public,K-50.7mi
5/10
Rosemont Avenue Elementary School
Public,K-50.9mi
5/10
Union Avenue Elementary School
Public,K-50.9mi
2/10
Esperanza Elementary School
Public,K-50.9mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,K-51.0mi
3/10
Leo Politi Elementary School
Public,K-51.0mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,K-61.3mi
2/10
Tenth Street Elementary School
Public,K-51.3mi
4/10
Betty Plasencia Elementary School
Public,K-61.5mi
6/10
Castelar Street Elementary School
Public,K-52.4mi
5/10
Virgil Middle School
Public,6-80.8mi
3/10
John H. Liechty Middle School
Public,6-81.0mi
3/10
Sal Castro Middle School
Public,6-81.1mi
3/10
Berendo Middle School
Public,6-81.3mi
6/10
Thomas Starr King Middle School
Public,6-82.1mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,6-120.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,9-120.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,9-120.8mi
3/10
Belmont Senior High School
Public,9-121.1mi
8/10
John Marshall Senior High School
Public,9-122.9mi

Price History

Date
Event
Price
10/13/25
Listing
$450,000
06/05/20
Sold
$425,000
08/07/18
Sold
$355,000
08/10/04
Sold
$265,000
Condition Rating
Excellent

Despite being built in 1971, the property has undergone an extensive and recent renovation, as evidenced by the modern kitchen featuring sleek stainless steel appliances, quartz countertops, white shaker-style cabinetry, and subway tile backsplash. The flooring throughout the living areas and bedroom appears new and in excellent condition. The description explicitly mentions 'updated, custom finishes throughout,' indicating a comprehensive modernization. While bathroom images are not provided, the high quality of the visible renovations suggests the entire unit meets current quality standards with minimal physical depreciation.
Pros & Cons

Pros

Prime Central Location: Strategically located at the intersection of Koreatown/Rampart Village and Downtown LA, offering excellent access to dining, shopping, cultural venues, parks, public transit, USC, and major freeways.
Spectacular Penthouse Views: Offers truly spectacular city and DTLA skyline views from the living room, balcony, bedroom, and the communal rooftop deck, a significant luxury feature.
Unique & Updated Interior Design: Features a unique blend of retro charm, modern sophistication, and Boho aesthetic, with an open-concept layout, fireplace, sound-insulated windows, and custom, updated finishes.
Modern & Functional Kitchen: Boasts a well-appointed kitchen with sleek appliances, ample storage, quartz countertops, and a generous island, ideal for daily use and entertaining.
Comprehensive Building Amenities & Security: Provides a luxurious lifestyle with a rooftop deck (pool, spa, sauna, BBQ, views), rec room, gym, 24-hour on-site manager/security, and gated parking.

Cons

Building Age: Constructed in 1971, the building's age might suggest potential for older infrastructure, maintenance issues, or future special assessments, despite interior updates.
Compact Size: At 715 sqft with 1 bed and 1 bath, the unit offers limited living space, which may not appeal to buyers seeking more room or accommodating multiple occupants.
High Association Fee: A monthly association fee of $501.07 is substantial for a 1-bedroom unit, adding a significant recurring cost to ownership.

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