
Los Angeles, California 90004
This property presents a Strong Value Opportunity with a List Price of $499,000—positioned well below the $544,267 Fair Market Value by 8%. This valuation gap offers $45,267 in Instant Equity for buyers. Featuring a Fair Condition Rating, the residence requires modernization, providing significant upside for value-add renovations. Located in a central Los Angeles hub, this is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers capable of navigating the cooperative ownership structure and board approval process.
Property is moderate renovation needed.
The property is 61 years old (built 1963) and appears to be in mostly original condition. While functional and located in a well-maintained community, the interior features dated popcorn ceilings, older wall-mounted HVAC units, and significant wear on the carpeting. The listing explicitly identifies the property as an opportunity to 'update and personalize,' fitting the criteria for a dated home requiring repairs and modernization.
Situated in the highly desirable Hancock Park-Wilshire area, this property offers exceptional proximity to Larchmont Village, Koreatown, and major Los Angeles commuter hubs.
At 1,307 square feet, this residence provides a spacious and thoughtful layout, including a large living room with a fireplace and an enclosed balcony for additional flexible living space.
Priced competitively under $500,000, the property presents a prime opportunity for buyers to build equity by modernizing and personalizing the interior to their specific tastes.
As a co-op rather than a standard condominium, prospective buyers face a more complex board approval process and potentially more restrictive financing and occupancy requirements.
The property is a trust sale that may require a 45-day Notice of Proposed Action, which could lead to a longer and more structured closing timeline compared to traditional sales.
This upper-level 2-bedroom, 2-bathroom cooperative (co-op) residence offers 1,307 sq.ft. of living space and presents an exceptional opportunity to update and personalize the space with generous proportions and timeless appeal. The thoughtfully designed floor plan features an expansive living room with a fireplace, a dedicated dining area, abundant natural light, and an enclosed balcony that provides additional flexible living space. The kitchen offers ample cabinetry and storage, while the well-proportioned bedrooms provide comfort and flexibility for a variety of lifestyles. The well-maintained courtyard-style community is surrounded by mature landscaping that creates a peaceful setting, while secure access and gated parking provide added convenience. Ideally located with convenient access to Hancock Park, Larchmont Village, Koreatown, Hollywood, Downtown Los Angeles, and major commuter routes, the property is also close to a wide variety of shopping, dining, entertainment, and everyday amenities. Please note: This property is a cooperative (co-op), not a standard condominium. Prospective purchasers are advised to investigate the ownership structure, financing options, board approval process, occupancy requirements, and all applicable co-op rules and regulations prior to submitting an offer. Whether you're looking to move right in or create a space that reflects your own style, this residence presents an outstanding opportunity in one of Los Angeles' most convenient locations. Trust sale, 45 day Notice of Proposed Action may be required.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,307 | 1,243 |
| Lot Size | 14,115 | 24,016 |
| Price | $499.0K | $805.6K |
| Price per sq ft | $382 | $659 |
| Built year | 1963 | 1981 |
| HOA | $220.0 | $684 |
| Days on market | 12 | 71 |
Jul 10, 2026
$499,000
Initial Listing