629 Traction Avenue 511, Los Angeles, California 90013, Los Angeles, 90013 - 2 bed, 2 bath
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629 Traction Avenue 511
Los Angeles, California 90013
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,210Sq Ft
91,271Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$776,769
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $799,000—positioned well below the $789,623 Fair Market Value by -1.2%. While the price reflects current market stability, the property offers a Good Condition Rating with modern upgrades like new recessed lighting. Residents enjoy a premium lifestyle with a swimming pool, private balcony, and downtown skyline views. Located in the heart of the Arts District, this unit is an ideal acquisition for Owner-Occupants seeking urban convenience or first-time buyers prioritizing a move-in ready home.
Estimated Market Value
$776,769
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 629 Traction Avenue 511 Subject | $799,000* List Price | 2 | 2 | 1,210 | $642 | - |
A 629 Traction Avenue 241 Sold | $750,000 | 2 | 2 | 1,240 | $605 | 0.0 mi |
B 530 S Hewitt Street 343 Sold | $865,000 | 1 | 1 | 1,512 | $572 | 0.4 mi |
C 500 Molino Street 206 Sold | $625,000 | 0 | 1 | 1,340 | $466 | 0.4 mi |
D 530 S Hewitt Street 154 Sold | $635,000 | 1 | 1 | 970 | $655 | 0.4 mi |
E 530 S Hewitt Street 224 Active Under Contract | $689,000 List Price | 1 | 1 | 1,100 | $626 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2007, this property falls within the 10-20 year age bracket. The unit is well-maintained and move-in ready with functional systems and a large kitchen featuring stainless steel appliances. While the cabinetry and finishes reflect the original construction period, the addition of brand new recessed lighting and the overall mint appearance of the common areas and interior support a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Arts District Location
Situated in the heart of the highly sought-after Arts District, this property offers exceptional walkability to premier dining, cafes, Little Tokyo, and the Metro Gold Line.
- Functional Layout & Parking
The rare single-level floor plan features split bedrooms for enhanced privacy and includes two reserved parking spaces, which is a significant value-add in Downtown Los Angeles.
- Comprehensive Building Amenities
Residents enjoy access to an award-winning complex with 24-hour security, a fitness center, a swimming pool, and a lush courtyard with BBQ areas and a fireplace.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $900 per month is substantial and may impact the overall affordability and debt-to-income ratio for potential buyers.
- Underperforming Local Schools
The assigned public schools have relatively low ratings (4 and 5 out of 10), which may be a drawback for families prioritizing high-performing educational districts.
About 629 Traction Avenue 511
Award winning MURA condo located in the heart of Arts District DTLA! Welcome to this beautifully designed 2-bedroom, 2-bathroom rare, single-level unit. Offering 1,210 square feet of thoughtfully laid-out living space, this home combines urban energy with peaceful comfort. The spacious floor plan features an expansive living and dining area perfect for entertaining or relaxing at home. The large kitchen includes a big breakfast bar/connected island. Generously sized bedrooms provide comfort and privacy--located separately in the unit, each with ample closet space. Brand new recessed lighting installed. High ceilings as well as a quiet step out balcony. Amenities include swimming pool, views of downtown skyline, lush courtyard w/ fireplace area, built-in BBQs, fitness center and 24-hour attended front desk. 2 reserved parking spaces are included. Very quiet and private unit! Located in PRIME Arts District location! Just a short walk to the best restaurants, cafes, shops, Little Tokyo and Metro Gold Line.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2007
- Lot Size
- 91,271 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $900.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Utah Street Elementary School
Grades K-8 • 0.7 mi
4/10
STEM Academy of Boyle Heights HS
Grades 9-12 • 1.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,210 | 1,219.385 |
| Lot Size | 91,271 | 27,236.074 |
| Price | $799.0K | $800.2K |
| Price per sq ft | $660 | $650 |
| Built year | 2007 | 1979 |
| HOA | $900.0 | $685 |
| Days on market | 56 | 72 |
Pricing History
Listed for Sale
Jul 15, 2026
$799,000
Initial Listing
Sold
Aug 26, 2014
$630,000
Public Record
Sold
Dec 3, 2008
$427,000
Public Record