
Los Angeles, California 90013
This Modern Ground-Floor Condominium is a Prime Investment Opportunity, listed at $799,000—positioned well below the $840,000 Fair Market Value by 4%. This valuation gap offers $41,000 in Instant Equity. Maintaining a Good Condition Rating, the residence features a private yard, direct street access, and Jenn-Air appliances. Located in the vibrant Arts District near Utah Street Elementary, the property includes side-by-side parking and resort-style amenities like a pool and fitness center. This is an ideal acquisition for Owner-Occupants or urban professionals seeking a turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 629 Traction Avenue 105 Subject | $799,000* List Price | 2 | 2 | 1,280 | $656 | - |
A 629 Traction Avenue 241 Sold | $750,000 | 2 | 2 | 1,240 | $605 | - |
B 530 S Hewitt Street 541 Sold | $816,000 | 1 | 1 | 1,300 | $628 | 0.4 mi |
C 629 Traction Avenue 609 Sold | $900,000 | 2 | 2 | 1,430 | $629 | - |
D 629 Traction Avenue 508 Sold | $820,000 | 2 | 2 | 1,210 | $678 | - |
E 629 Traction Avenue 102 Sold | $820,000 | 2 | 2 | 1,280 | $641 | - |
F 530 S Hewitt Street 154 Sold | $635,000 | 1 | 1 | 970 | $655 | 0.4 mi |
G 530 S Hewitt Street 455 Active | $865,000 List Price | 1 | 2 | 1,140 | $759 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this property is move-in ready and falls within the 10-20 year age bracket for a 'good' condition rating. The kitchen is well-maintained with high-end Jenn-Air stainless steel appliances and sleek finishes, while the bathrooms have been thoughtfully updated. The unit features modern custom cabinetry, quality flooring, and functional systems, showing minimal wear and tear and no immediate need for renovation.
This ground-floor residence offers a unique private yard and direct street access, allowing owners to bypass the lobby and elevators—a highly sought-after feature in urban condo living.
The inclusion of two side-by-side parking spaces provides significant convenience and value compared to the tandem parking arrangements typically found in the Arts District.
Situated in a vibrant cultural hub, the property is within walking distance of world-class dining like Bestia and Bavel, as well as high-end grocery options and galleries.
The association fee of $932.65 is substantial, which may impact the overall affordability and appeal for budget-conscious buyers despite the recent price reduction.
While direct street access is convenient, the ground-floor positioning can lead to increased street noise and reduced privacy compared to higher-level units in the building.
BRING your OFFERS. New Below-Market Price! Rare ground-floor residence with a private balcony and yard--one of the few homes in the building offering direct street access. Enter and exit without passing through the lobby or waiting for elevators. This home also includes two side-by-side parking spaces, providing convenience and flexibility not found in many tandem-parking units. Price drop shows seller is motivated.The single-level layout features a spacious L-shaped living and dining area with custom built-in cabinetry. The kitchen includes stainless-steel Jenn-Air appliances (all included), sleek finishes, and ample counter space. Both bedrooms offer large walk-in closets, and the bathrooms have been thoughtfully updated. A separate laundry room and multiple additional closets enhance the home's functionality.Located on the quieter Hewitt Street side of the community, this residence is part of a well-maintained building with resort-style amenities, including a fitness center, pool, spa, BBQ areas, and peaceful outdoor spaces with water features. The building also provides a 24-hour attended front desk/security.Positioned near the Arts District and Little Tokyo, the home offers close proximity to an exceptional selection of dining, shopping, and cultural destinations, including acclaimed restaurants such as Bestia, Bavel, Manuela, Girl & the Goat, and Wurstkuche, as well as cafes like Blue Bottle and Verve. Nearby breweries include Angel City Brewery and Arts District Brewing Co. Grocery options such as Urban Radish, Whole Foods, and Little Tokyo Marketplace are also within easy reach, along with cultural landmarks including the Geffen Contemporary at MOCA and the Japanese American National Museum.This is a rare opportunity to own a ground-floor home with private outdoor space, direct access, and exceptional convenience in one of Los Angeles's most vibrant neighborhoods.
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 72% |
| Baths | 2.0 | 1.0 | 60% |
| Square foot | 1,280 | 1,140 | 56% |
| Lot Size | - | 30,796 | 20% |
| Price | $799.0K | $650.0K | 64% |
| Price per sq ft | $624 | $595 | 60% |
| Built year | 2007 | 1923 | 68% |
| HOA | $932.65 | $739 | 84% |
| Days on market | 65 | 230 | 4% |
Mar 14, 2026
$799,000
$840,000
-5% Price Drop
Initial Listing
Feb 16, 2026
$840,000
Initial Listing
Mar 3, 2020
$880,000
Public Record
Oct 29, 2014
$590,000
Public Record
Apr 1, 2008
$570,000
Public Record