5036 Echo Street 408, Los Angeles, California 90042, Los Angeles, 90042 - 1 bed, 1 bath
ACTIVE$350,000
5036 Echo Street 408, Los Angeles, California 90042
1Bed
1Bath
673Sqft
93,672Lot
Year Built
1984
Close
-
List price
$350K
Original List price
$487K
Price/Sqft
$520
HOA
$457.44
Days on market
-
Sold On
-
MLS number
25480630
Home ConditionGood
Features
Good View: City Lights
Deck
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $350.0K(6th), sqft - 673(9th), beds - 1(17th), baths - 1(34th).
Back on the market buyer issues. Located in the heart of Highland Park, this move-in ready one-bedroom, one-bath condo offers 673 sq. ft. of living space on the top floor. It features laminate flooring, updated light fixtures, with plenty of natural light. Relax on the balcony off the living room and enjoy the beautiful neighborhood views. The floor plan allows for the living room to be converted into a second bedroom if desired. Conveniently located near shopping, restaurants, and with easy freeway access, this condo is available immediately. Don't miss this opportunity to own in the highly desirable area of Highland Park.
Price History
Date
Event
Price
09/23/25
Price Change
$350,000-2.0%
08/07/25
Price Change
$357,000-10.5%
08/03/25
$399,000
01/11/25
$487,000
01/28/05
Sold
$188,000
12/10/99
Sold
$41,000
Condition Rating
Good
Built in 1984, this condo has undergone significant updates, making it move-in ready. The bathroom features a modern double vanity, updated fixtures, and stylish tile flooring. The living areas boast newer laminate flooring and updated light fixtures. While the kitchen has a modern subway tile backsplash and updated faucet, the appliances (range/oven, hood) appear older and are not fully integrated into a recent renovation, preventing an 'Excellent' score. However, the overall condition is well-maintained with minimal wear and tear, aligning with a 'Good' rating.
Pros & Cons
Pros
Prime Location: Located in the highly desirable heart of Highland Park, offering convenient access to shopping, restaurants, and freeways, enhancing its appeal and potential for appreciation.
Move-in Ready Condition: The condo is described as 'move-in ready' with updated laminate flooring and light fixtures, minimizing immediate renovation costs for a new owner.
Flexible Floor Plan: The layout allows for the living room to be converted into a second bedroom, providing versatility and potential for increased utility or rental income.
Top Floor Unit with Views: Being on the top floor provides ample natural light, potentially reduced noise, and offers beautiful neighborhood and city lights views from the private balcony.
Significant Price Reduction: The current list price of $350,000 represents a substantial reduction from the original $487,000, potentially offering a competitive value in the market.
Cons
High Monthly HOA Fees: The association fee of $457.44 per month is relatively high for a 673 sq. ft. one-bedroom unit, impacting overall affordability and carrying costs.
Compact Living Space: With 673 sq. ft., the unit offers limited living space, which may be a drawback for buyers seeking more room or those with larger furniture.
Previous Buyer Issues & Price History: The property's history of being 'back on the market due to buyer issues' and multiple significant price drops could indicate underlying concerns or a challenging sales process, potentially raising questions for prospective buyers.