421 S La Fayette Park Place 711, Los Angeles, California 90057, Los Angeles, 90057 - 1 bed, 1 bath
421 S La Fayette Park Place 711
Los Angeles, California 90057
Property Price
SUMMARY
Analysis of 421 S La Fayette Park Place 711, Los Angeles, California 90057 is currently available with a list price of $355,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 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.
PROSSTRENGTHS & OPPORTUNITIES
- Penthouse Status & Recent Upgrades
As a remodeled penthouse unit, it offers a premium living experience, complemented by a new kitchen countertop, dishwasher, and oven, providing modern functionality.
- Exceptional Location & Accessibility
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.
- Comprehensive Building Amenities
The complex provides desirable amenities including a rooftop pool, jacuzzi, and a well-equipped fitness center, significantly enhancing resident comfort and lifestyle.
CONSRISKS & DEFICIENCIES
- Building Age
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.
- High Monthly Association Fee
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.
- Significant Price Reduction History
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.
About 421 S La Fayette Park Place 711
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 43,264 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $501.07 / 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 | 1.0 | 1.5 | 50% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 715 | 985.5 | 25% |
| Lot Size | 43,264 | 35,823.5 | 50% |
| Price | $355.0K | $395.0K | 50% |
| Price per sq ft | $497 | $425 | 75% |
| Built year | 1971 | 1971 | 50% |
| HOA | $501.07 | $535 | 38% |
| Days on market | 318 | 254 | 88% |
Pricing History
Listed for Sale
Dec 11, 2025
$355,000
$394,000
-10% Price Drop
Initial Listing
Price Change
Oct 18, 2025
$394,000
$399,000
-1% Price Drop
Initial Listing
Price Change
Apr 22, 2025
$399,000
Initial Listing