421 S La Fayette Park Place 711, Los Angeles, California 90057, Los Angeles, 90057 - 1 bed, 1 bath
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Los Angeles, California 90057
This Remodeled Penthouse Condominium offers a sophisticated urban lifestyle at a competitive List Price of $355,000. Following a significant price reduction, the unit aligns with its $331,888 Fair Market Value, representing a stable acquisition in a high-demand corridor. Boasting a Condition Rating of 4, the interior features a New Kitchen Countertop, fresh paint, and a private balcony with Courtyard Views. Residents benefit from a Rooftop Pool, Spa, and proximity to Lafayette Park Primary and Top-Rated John Marshall Senior High. This move-in-ready residence is ideal for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 421 S La Fayette Park Place 711 Subject | $355,000* List Price | 1 | 1 | 715 | $464 | - |
A 421 S La Fayette Park Place 301 Sold | $325,000 | 1 | 1 | 715 | $455 | - |
B 421 S La Fayette Park Place 306 Active | $360,000 List Price | 1 | 1 | 750 | $480 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the unit boasts new kitchen countertops, dishwasher, and oven, and fresh paint with laminate flooring in the main living areas, the overall property, built in 1971, shows its age. The kitchen cabinets, bathroom vanity, and flooring in the kitchen and bathroom are dated, and popcorn ceilings are present throughout. It's move-in ready and well-maintained, but requires further cosmetic updates to achieve a modern aesthetic.
As a remodeled penthouse unit, it offers a premium living experience, complemented by a new kitchen countertop, dishwasher, and oven, providing modern functionality.
The property boasts a prime location with quick 10-minute access to Downtown LA, USC, and Koreatown, offering residents a vibrant urban lifestyle with abundant dining, shopping, and entertainment options.
The complex provides desirable amenities including a rooftop pool, jacuzzi, and a well-equipped fitness center, significantly enhancing resident comfort and lifestyle.
Constructed in 1971, the building is over 50 years old, which may raise concerns about aging infrastructure, potential for future special assessments, or less contemporary common areas.
The monthly association fee of $501.07 is substantial for a 1-bedroom unit, potentially impacting affordability and long-term ownership costs for prospective buyers.
The property has experienced multiple price reductions from an original list price of $399,000 down to $355,000, which could indicate market resistance or an initial overvaluation.
Come and take a look at this remodeled PENTHOUSE UNIT!! This 1 bedroom unit has a new kitchen countertop with new dishwasher and new oven. The view of courtyard from the private balcony is breath taking. The bedroom is very generous size with plenty of closet space including coat closet in the living room. The complex has a rooftop pool and jacuzzi also fitness center that has many treadmills. Enjoy all the nice restaurants and shopping in DTLA and Korea town offer.10 minutes to DTLA, USC and Korea town. Comes with 1 secured parking.
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 | 715 | 985.5 | 33% |
| Lot Size | 43,264 | 43,264 | 50% |
| Price | $355.0K | $395.0K | 50% |
| Price per sq ft | $497 | $439 | 83% |
| Built year | 1971 | 1971 | 50% |
| HOA | $501.07 | $561 | 50% |
| Days on market | 365 | 243 | 0% |
Dec 11, 2025
$355,000
$394,000
-10% Price Drop
Initial Listing
Oct 18, 2025
$394,000
$399,000
-1% Price Drop
Initial Listing
Apr 22, 2025
$399,000
Initial Listing