525 S Ardmore Avenue 221, Los Angeles, California 90020, Los Angeles, 90020 - 1 bed, 1 bath

525 S Ardmore Avenue 221, Los Angeles, California 90020 home-pic-0
ACTIVE$389,999
525 S Ardmore Avenue 221, Los Angeles, California 90020
1Bed
1Bath
566Sqft
73,535Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strategic Location & Future Appreciation: Situated in the heart of Koreatown, this property is poised for significant long-term value appreciation due to multi-billion dollar developments, major transit upgrades, and the upcoming 2028 Olympic Games.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =73535, other record lot size in square feet = 73442.

Compared to the nearby listings

Price:$390.0K vs avg $470.0K ($-80,001)20%
Size:566 sqft vs avg 880 sqft16%
Price/sqft:$689 vs avg $60888%

More Insights

Built in 1973 (52 years old).
Condition: The property, built in 1973, has undergone significant interior renovations, making it move-in ready. The description highlights 'beautifully updated' interiors, 'all-new interior paint,' and an 'updated bathroom with clean modern finishes.' While no direct images of the kitchen or bathroom are provided, the listing states 'All appliances included: Stove, Refrigerator, Microwave, Dishwasher,' implying modern and functional kitchen features. Visible images of the living room and bedroom show modern hardwood flooring, recessed lighting, and a fresh, contemporary aesthetic, suggesting the renovation is relatively recent (likely within the last 5-15 years). Although the building itself is over 50 years old, the unit's interior condition appears to meet the 'Good' criteria of being well-maintained with minimal wear and tear, and major systems (within the unit) being functional and updated.
Year Built
1973
Close
-
List price
$390K
Original List price
$390K
Price/Sqft
$689
HOA
$389
Days on market
-
Sold On
-
MLS number
25628591
Home ConditionGood
Features
Good View:
Pool
Spa
View

About this home

An Opportunity in the Heart of Koreatown: Style, Location, and Future Growth in One Perfect Package. Welcome to "Parc de la Villa", the BEST and most beautifully updated 1-bed, 1-bath home in the highly sought-after Park Villas community, where modern comfort meets one of the most rapidly evolving economic zones in all of Los Angeles. This is more than a home. This is your front-row seat to the future of LA. A Move-In Ready Sanctuary With Thoughtful Upgrades. Step inside and feel the refreshing brightness of all-new interior paint, paired with a layout that maximizes space, comfort, and style. Everything you need is already here: All appliances included: Stove, Refrigerator, Microwave, Dishwasher, Updated bathroom with clean modern finishes. Oversized closets, offering rare storage space seldom found . An open inviting floor plan that makes the home feel much larger than its footprint . Whether you're a first-time buyer, investor, or someone seeking a centrally located LA residence, this unit checks every box. Resort-Style Living in the Middle of the City. Park Villas offers amenities that truly elevate daily living: Sparkling pool, Relaxing spa, Spacious clubhouse perfect for gatherings or remote work, convenience and urban vibrance all in one place. And the nightlife? You're just down the street from Break Room 86, the world-famous hidden karaoke bar known for its retro speakeasy vibe, performances & celebrity sightings. When friends ask where to go, your neighborhood becomes the destination. A Prime Location Surrounded by Multi-Billion-Dollar Growth , Owning real estate in Koreatown and the broader 90012 Downtown LA corridor has always been smart. But the next three years are expected to be transformational. Several major economic engines are driving long-term value appreciation:1. 670 Mesquit A $1.4 Billion Mega Project Currently under construction, this mixed-use destination will include: Luxury apartments, Office space, Retail hotel , Large-scale developments like this historically elevate surrounding home values by boosting foot traffic, infrastructure, and desirability. 2. Massive Transit & Mobility Upgrades To prepare for global event sand to improve LA's urban coreseveral transportation projects are underway: Purple (D Line) Subway Extension, improving access across LA Dodger Stadium, Gondola (LA Aerial Rapid Transit) a $500 million rapid-access system , Major pedestrian cycling, & street corridor improvements along Figueroa, Olympic, and other key streets. Enhanced transportation = increased housing demand = long-term equity. 3. LA Convention Center Expansion. A major expansion projected to add $150M+ annually in business activity, creating job growth and attracting international events. 4. Early Build-Up for the 2028 Olympic Games, Although the Games are in 2028, 2026 is primed for peak preparation, including: Upgrades to Crypto.com Arena and the Peacock Theater , Metro's Games Enhanced Transit Service (GETS) with new zero-emission buses and new shuttle routes .Park-and-ride systems flowing directly through downtown. The LA economy is expected to generate billions in revenue between 2024-2029 due to Olympic-related activity. Why This Matters for You as a Buyer when you buy in Koreatown today, you're not just buying a home, you're buying into one of LA's strongest appreciation cycles. Housing near: Billion-dollar new developments , Major transit expansion, Olympic-driven improvements, Revitalized entertainment, hubs typically sees the highest property-value growth and strongest long-term demand. And with Park Villas' amenities, updates, and unbeatable location, "Parc de la Villa" stands out as a high-value, future-proof investment. Your Home. Your Lifestyle. Your Smartest Investment Yet. This unit gives you: Updated interiors, All appliances included, Oversized storage , Pool, spa & clubhouse, Steps from Koreatown nightlife Surrounded by massive economic growth Positioned perfectly for long-term appreciation

Nearby schools

3/10
Rfk Community Schools - Ambassador School - Global Education
Public,K-50.6mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,6-120.5mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,9-120.5mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,9-120.5mi

Price History

Date
Event
Price
03/22/01
Sold
$75,000
06/23/99
Sold
$39,500
03/05/18
Sold
$396,000
09/15/11
Sold
$110,000
02/08/06
Sold
$250,000
03/11/02
Sold
$97,000
Condition Rating
Good

The property, built in 1973, has undergone significant interior renovations, making it move-in ready. The description highlights 'beautifully updated' interiors, 'all-new interior paint,' and an 'updated bathroom with clean modern finishes.' While no direct images of the kitchen or bathroom are provided, the listing states 'All appliances included: Stove, Refrigerator, Microwave, Dishwasher,' implying modern and functional kitchen features. Visible images of the living room and bedroom show modern hardwood flooring, recessed lighting, and a fresh, contemporary aesthetic, suggesting the renovation is relatively recent (likely within the last 5-15 years). Although the building itself is over 50 years old, the unit's interior condition appears to meet the 'Good' criteria of being well-maintained with minimal wear and tear, and major systems (within the unit) being functional and updated.
Pros & Cons

Pros

Strategic Location & Future Appreciation: Situated in the heart of Koreatown, this property is poised for significant long-term value appreciation due to multi-billion dollar developments, major transit upgrades, and the upcoming 2028 Olympic Games.
Move-In Ready & Modern Updates: The unit features all-new interior paint, an updated bathroom with clean modern finishes, and includes all essential appliances, making it immediately habitable for new owners.
Resort-Style Community Amenities: Residents benefit from access to a sparkling pool, relaxing spa, and a spacious clubhouse, enhancing the living experience and offering recreational options.
Ample Storage Solutions: The home boasts oversized closets, providing rare and valuable storage space often lacking in condominium units of this size.
Efficient & Open Floor Plan: An open and inviting floor plan maximizes the perceived space, making the 566 sqft unit feel larger and more comfortable for urban living.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =73535, other record lot size in square feet = 73442.
Compact Unit Size: With only 566 square feet, the 1-bedroom, 1-bathroom layout may be restrictive for individuals requiring more living space or for future family expansion.
Significant Association Fees: A monthly association fee of $389 adds a substantial recurring cost to homeownership, which could impact affordability for some buyers.
Building Age: Constructed in 1973, the building is over 50 years old, which could potentially lead to higher maintenance costs or future special assessments for building-wide infrastructure updates, despite the unit's interior renovations.

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