525 S Ardmore Avenue 222, Los Angeles, California 90020, Los Angeles, 90020 - 1 bed, 1 bath
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Los Angeles, California 90020
This property presents a Strong Value Opportunity with a List Price of $299,999—positioned above the $280,439 Fair Market Value. While the price reflects a premium, the unit offers significant upside as a Value-Add Investment in a high-growth corridor. With a Condition Rating of 5, this fixer-upper allows for custom renovations to maximize long-term equity. Featuring a Pool and Spa, the unit is perfectly positioned for Buy-and-Hold Investors looking to capitalize on Koreatown’s massive infrastructure expansion and 2028 Olympic-driven demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 S Ardmore Avenue 222 Subject | $299,999* List Price | 1 | 1 | 566 | $495 | - |
A 320 S Ardmore Avenue 236 Active Under Contract | $299,888 List Price | 1 | 1 | 566 | $530 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1973 (51 years old) and explicitly marketed as a 'FIXER,' this unit requires a full rehab. The listing highlights the 'chance to re-design your own custom finishes,' confirming that the kitchen, bath, and systems are likely original or in disrepair, fitting the criteria for a property needing significant restoration.
Located in the heart of Koreatown, the property is positioned to benefit from massive infrastructure projects, including the Purple Line subway extension and multi-billion dollar developments ahead of the 2028 Olympics.
Priced under market value as a 'fixer,' this unit offers a significant equity-building opportunity for buyers looking to customize finishes and modernize the space to their own specifications.
The 'Parc de la Villa' complex provides desirable urban lifestyle features including a pool, spa, and clubhouse, which are key drivers for tenant demand and resale value in a high-density area.
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.
As a designated fixer-upper, the property requires immediate and likely substantial capital expenditure for repairs and upgrades before it is move-in ready or rentable.
At only 566 square feet with no scenic view, the unit's small footprint and lack of visual appeal may limit its attractiveness to long-term owner-occupants compared to larger units in the area.
An Opportunity in the Heart of Koreatown. ***FIXER*** 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: Chance to re-design your own custom finishes, purchase under market value, A Pool, spa & clubhouse, Steps from Koreatown nightlife Surrounded by massive economic growth. Positioned perfectly for long-term appreciation
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-12 • 0.5 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 44% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 566 | 1,067.5 | 25% |
| Lot Size | 73,535 | 32,701.5 | 83% |
| Price | $300.0K | $566.0K | 19% |
| Price per sq ft | $530 | $557 | 36% |
| Built year | 1973 | 1987 | 33% |
| HOA | $466.0 | $485 | 47% |
| Days on market | 25 | 161 | 3% |
May 12, 2026
$299,999
Initial Listing
Mar 20, 2003
$116,000
Public Record
Feb 3, 2000
$53,000
Public Record
Jun 18, 1998
$33,000
Public Record