
Los Angeles, California 90012
This Turnkey Condominium represents a Strong Value Opportunity, listed at $490,000—positioned well below the $513,100 Fair Market Value by 4%. This valuation gap offers $23,100 in Instant Equity for the buyer. Featuring a Mint Condition Rating with recent HVAC, roof, and elevator upgrades, this unit offers a modern kitchen and a private balcony with City Lights views. Located in the heart of DTLA, it is an ideal sanctuary for first-time buyers or urban professionals seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 630 N Grand Avenue 203 Subject 2 bd · 2 ba · 883 sqft · $548 | $465,000* List Price | 2 | 2 | 883 | $548 | - |
A 1550 Stadium Way 7 Sold 2 bd · 2 ba · 1,048 sqft · $525 · 0.5 mi | $550,000 | 2 | 2 | 1,048 | $525 | 0.5 mi |
B 121 S Hope Street 333 Sold 1 bd · 1 ba · 853 sqft · $410 · 0.6 mi | $350,000 | 1 | 1 | 853 | $410 | 0.6 mi |
C 121 S Hope Street 313 Sold 1 bd · 1 ba · 793 sqft · $504 · 0.6 mi | $400,000 | 1 | 1 | 793 | $504 | 0.6 mi |
D 121 S Hope Street 417 Sold 1 bd · 1 ba · 793 sqft · $435 · 0.6 mi | $345,000 | 1 | 1 | 793 | $435 | 0.6 mi |
E 118 Astronaut Ellison S Onizuka Street 307 Sold 1 bd · 1 ba · 807 sqft · $632 · 0.8 mi | $510,000 | 1 | 1 | 807 | $632 | 0.8 mi |
F 118 Astronaut Ellison S Onizuka Street 208 Sold 1 bd · 1 ba · 770 sqft · $630 · 0.8 mi | $485,000 | 1 | 1 | 770 | $630 | 0.8 mi |
G 108 W 2nd Street 915 Sold 1 bd · 1 ba · 730 sqft · $610 · 0.7 mi | $445,000 | 1 | 1 | 730 | $610 | 0.7 mi |
H 121 S Hope Street 429 Active 1 bd · 1 ba · 853 sqft · $430 · 0.6 mi | $367,000 List Price | 1 | 1 | 853 | $430 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1982, the unit has undergone a comprehensive modern renovation featuring quartz countertops, white cabinetry, and subway tile surrounds in the bathrooms. Key systems are highly rated: the HVAC was replaced in 2019 (<5-6 years), the roof in 2020, and the elevator in 2025, meeting the criteria for mint condition with no deferred maintenance.
Situated in the heart of DTLA's civic and cultural core, the property offers unparalleled proximity to the Music Center, Disney Concert Hall, and major transit hubs like Union Station.
Recent investments in the building's infrastructure, including a new roof (2020), upgraded elevator (2025), and a unit-specific HVAC replacement (2019), provide peace of mind and long-term value.
The unit features high-quality contemporary updates, including quartz countertops, stainless steel appliances, and refreshed bathrooms, eliminating the need for immediate renovation.
The lack of in-unit laundry hookups may be a deterrent for buyers seeking the convenience of private washing and drying machines.
While the unit includes two parking spaces, the tandem configuration can be less convenient for multi-driver households compared to side-by-side spots.
Lowest priced 2-bedroom, 2-bathroom condo within 1 mile! Conveniently located in the Chinatown/Civic Center area of Downtown LA is refreshed and move-in ready. HOA has already completed and passed state-required balcony inspection, and has NO litigation and NO special assessments! The kitchen features white cabinetry, quartz countertops, mosaic tile backsplash, large single-bowl stainless steel sink, and appliances include a gas range, microwave hood, dishwasher, and side-by-side refrigerator. From the living and dining space, a large sliding glass door provides access to a private, west-facing balcony. The primary bedroom includes a walk-in closet with built-in shelves and drawers. Its ensuite bathroom features a floating vanity with quartz counter, undermount sink, large framed mirror, and a tub/shower with subway tile surround and a built-in niche. The 2nd bedroom offers a built-in desk area, mirrored closet door, and cove lighting. The 2nd bathroom has a vessel sink and vanity, a tub/shower with tile surround, and a linen cabinet is located just outside in the hallway. Coat/broom closet also provides additional storage. Laminate flooring runs through the living areas and bedrooms, with tile in the kitchen and baths. Window blinds and curtains are included as well. This unit's central heating and cooling system was replaced in 2019. The building has a central water heater with recirculating pump for fast hot water, and the building's roof was replaced in 2020. The building elevator was upgraded in 2025. Building intercom entry and Amazon Key allow access for both guests and deliveries, and community laundry rooms with app-enabled machines are located on every floor. Parking includes an assigned tandem space for two cars in the community garage, plus a private storage locker next to the space. Additional guest parking is also available on-site. The location is one of the best in the Downtown LA area. The building sits just blocks from the Music Center, Walt Disney Concert Hall, The Broad, MOCA, Grand Park, City Hall, and the courthouses, and a short distance to Union Station, Olvera Street, LA State Historic Park-featuring 32 acres of open green space, as well as Chinatown's restaurants and markets. Whole Foods, Ralph's, Smart & Final, Target, and CVS are also nearby. This location offers easy access to the 110, 101, and 5 freeways. This is a great opportunity to own in the heart of the city's cultural and civic core.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 883 | 1,252.996 |
| Lot Size | 15,898 | 26,029.603 |
| Price | $465.0K | $778.5K |
| Price per sq ft | $527 | $629 |
| Built year | 1982 | 1981 |
| HOA | $525.0 | $676 |
| Days on market | 46 | 74 |
Oct 24, 2026
$465,000
$480,000
-3% Price Drop
Initial Listing
Oct 9, 2026
$480,000
$490,000
-2% Price Drop
Initial Listing
Sep 24, 2026
$490,000
Initial Listing
Apr 9, 2015
$335,000
Public Record
Jan 9, 2003
$150,000
Public Record