435 S La Fayette Park Place 318, Los Angeles, California 90057, Los Angeles, 90057 - 2 bed, 2 bath
435 S La Fayette Park Place 318
Los Angeles, California 90057
Property Price
SUMMARY
Analysis of 435 S La Fayette Park Place 318, Los Angeles, California 90057 is currently available with a list price of $649,000. 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.
Built in 1981, this unit is well-maintained and clean but remains largely in an outdated condition. While it features some cosmetic updates like laminated flooring and neutral paint, the kitchen and bathrooms are dated, featuring older cabinetry, white tile countertops, and aging white appliances. The property meets the 'fair' criteria as it is functional and shows regular upkeep, but the major interior components have not undergone the extensive modern renovation required for a 'good' or 'excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Corner Layout
This 1,428 sqft corner unit features high ceilings and skylights, providing a significantly brighter and more open feel than standard interior units.
- Premium Parking
The inclusion of side-by-side parking is a major asset in the high-density Koreatown/Downtown area, offering rare convenience and added property value.
- Prime Central Location
Ideally situated with easy access to both Koreatown and Downtown Los Angeles, the property offers residents exceptional proximity to top-tier dining, shopping, and transit.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $620 is relatively high, which may impact affordability for some buyers and reduce the overall return for potential investors.
- Building Age
Constructed in 1981, the unit and common areas may require modern updates to compete with the newer luxury residential developments in the surrounding neighborhood.
About 435 S La Fayette Park Place 318
This 3rd floor corner unit in a well-maintained community offers a bright and airy layout with high ceilings and skylights, along with partial city views from the balcony. The unit features two spacious bedrooms, laminated flooring, a wet bar, and an in-unit laundry area. Side-by-side parking is included. Residents enjoy community amenities including a large swimming pool, courtyard, and gym. Conveniently located near Koreatown, Downtown Los Angeles, and local shops and dining. ** First showings to begin at the first Open House on March 7.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 46,963 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $620.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Lafayette Park Primary Center
Grades K • 0.2 mi
Charles White Elementary School
Grades 1-5 • 0.4 mi
Macarthur Park Elementary School For The Visual And Performing Arts
Grades K-5 • 0.5 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 | 1,428 | 1,220 | 63% |
| Lot Size | 46,963 | 35,823.5 | 75% |
| Price | $649.0K | $527.5K | 88% |
| Price per sq ft | $454 | $425 | 63% |
| Built year | 1981 | 1976 | 50% |
| HOA | $620.0 | $587 | 50% |
| Days on market | 3 | 230 | 13% |
Pricing History
Listed for Sale
Mar 3, 2026
$649,000
Initial Listing
Sold
Dec 1, 2015
$445,000
Public Record