
Los Angeles, California 90005
This Spacious Koreatown Condominium is a Strong Value Opportunity, listed at $650,000—positioned well below the $654,441 Fair Market Value by 0.68%. This valuation gap offers $4,441 in Instant Equity, further bolstered by a $20,000 grant for eligible buyers. Featuring a Condition Rating of 3, the unit includes a Granite Kitchen, laminate flooring, and In-Unit Laundry. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready urban residence with significant financial incentives.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 698 S Berendo 206 Subject | $650,000* List Price | 2 | 2 | 1,230 | $526 | - |
A 631 S Kenmore 406 Sold | $590,000 | 2 | 2 | 1,199 | $492 | 0.3 mi |
B 815 S Harvard 302 Sold | $550,000 | 2 | 2 | 1,090 | $505 | 0.6 mi |
C 733 S Manhattan Place 604 Sold | $670,000 | 2 | 2 | 1,130 | $593 | 1.0 mi |
D 625 S Berendo Street 209 Sold | $599,000 | 2 | 2 | 1,210 | $495 | 0.2 mi |
E 625 S Berendo Street 203 Sold | $650,000 | 2 | 2 | 1,210 | $537 | 0.2 mi |
F 727 S Ardmore Avenue 802 Sold | $780,000 | 2 | 2 | 1,525 | $511 | 0.5 mi |
G 2864 Sunset Place 205 Active | $549,000 List Price | 2 | 3 | 1,000 | $549 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1982, the property features a well-maintained interior with a mid-aged renovation (estimated 10-15 years old). The kitchen and bathrooms have been updated with granite countertops and dark cabinetry, and the unit includes modern laminate flooring and recessed lighting, making it functional and move-in ready.
The property qualifies for a $20,000 grant, offering a substantial financial advantage for eligible buyers to reduce their initial investment or closing costs.
Located in the heart of Koreatown, the property boasts an exceptional location where dining, entertainment, and transit are all accessible within blocks, ideal for an active city lifestyle.
At 1,230 sqft, the unit offers a spacious open-concept layout complemented by the rare urban luxury of two subterranean parking spaces and the convenience of in-unit laundry.
The property is listed as having no view, which may be a disadvantage for buyers seeking the aesthetic appeal of the Los Angeles skyline or enhanced natural light.
Built in 1982, the building may lack the modern architectural features and high-end communal amenities found in the newer luxury condominium developments throughout the area.
Property qualifies for $20,000 grant! Live where your weekends don’t need planning! Set in the heart of Koreatown, this home places you in one of Los Angeles’ most vibrant and connected neighborhoods. Where grabbing coffee, meeting friends for dinner, or enjoying a night out can all happen just blocks from your front door. Located in a controlled-access building, the home includes two subterranean tandem parking spaces and offers the ease of city living without sacrificing comfort. Inside, this home has a unique two story floor plan with no one above. The spacious open-concept layout creates an inviting place to gather, whether entertaining around the kitchen peninsula or relaxing fireside in the living room. Laminate flooring carries throughout the home, creating a cohesive and low-maintenance living space. Both bedrooms are on the second floor and offer generous amount of space, complemented by two full bathrooms. An added plus is the in-unit laundry. All appliances are included in the home and the HOA covers water and trash. Beyond the home, enjoy easy access to grocery stores, transit options, major commuter routes, and nearby destinations including Downtown LA, Hollywood, and Mid-Wilshire. Urban convenience, neighborhood energy, and a location that keeps your options open; this is Los Angeles living with everything close to home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,230 | 1,243 |
| Lot Size | 7,979 | 24,016 |
| Price | $650.0K | $805.6K |
| Price per sq ft | $528 | $659 |
| Built year | 1982 | 1981 |
| HOA | $450.0 | $684 |
| Days on market | 34 | 71 |
Jun 18, 2026
$650,000
Initial Listing
Jul 6, 2018
$529,000
Public Record
Mar 10, 2017
$460,000
Public Record
Apr 3, 2007
$539,000
Public Record