716 New Depot, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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716 New Depot
Los Angeles, California 90012
ACTIVE
CONDITION: FAIR
2Beds
2Baths
858Sq Ft
7,015Lot Size
Property Price
LIST PRICE$515,000
EST. MARKET VALUE
$529,588
SUMMARY
This 2-bedroom Townhouse represents a High-Potential Investment Opportunity, listed at $515,000—positioned well below the $529,588 Fair Market Value by 2%. This valuation gap provides $14,588 in Instant Equity. Featuring a Condition Rating of 4, the unit offers recent upgrades like new windows and hardwood floors, while allowing for further cosmetic personalization. With its City Lights view and proximity to DTLA, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking urban convenience.
Estimated Market Value
$529,588
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 |
|---|---|---|---|---|---|---|
★ 716 New Depot Subject | $515,000* List Price | 2 | 2 | 858 | $617 | - |
A 716 New Depot B Active | $519,000 List Price | 2 | 2 | 802 | $647 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1989 (>30 years old), the property is well-maintained but dated. While it features recent cosmetic improvements like fresh paint, new windows, and hardwood floors, the kitchen and bathrooms appear to have original cabinetry and older appliances, fitting the criteria for a property needing minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Urban Location
Ideally situated minutes from DTLA, Chinatown, and the Arts District with immediate access to the 110 and 101 freeways, offering exceptional convenience for commuters and urban enthusiasts.
- Turn-Key Interior Upgrades
The unit features significant recent improvements including new windows, fresh paint, hardwood floors, and a partially updated bathroom, providing a move-in-ready experience.
- Desirable Corner Unit Layout
As a corner unit with an open floor plan and city light views, the property benefits from enhanced natural light and increased privacy compared to standard interior units.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 858, other record living area = 802.
- Tandem Parking Constraints
The parking configuration is tandem, which requires coordination between vehicle owners and is generally less desirable than side-by-side parking spaces.
- High Carrying Costs
The reported association fee of $2,200 is exceptionally high for a unit of this size, which may significantly impact a buyer's monthly affordability and debt-to-income ratio.
About 716 New Depot
Welcome to 716 New Depot St Unit A, a charming 2-bedroom, 2-bathroom condominium offering 858 square feet of comfortable living in one of Los Angeles' most convenient locations. Built in 1989, this well-maintained corner unit features a functional open floor plan that maximizes space and natural light. The spacious living and dining areas flow seamlessly into the kitchen, while the thoughtfully designed layout provides privacy with two generously sized bedrooms and two full bathrooms. Whether you're a first-time homebuyer, downsizing, or searching for an investment opportunity, this home offers the perfect blend of comfort and convenience. Additional highlights include new windows, fresh paint, hardwood floors, and a partially updated upstairs bathroom. The unit includes 2 tandem parking spaces below the unit with an additional storage area. Ideally situated just minutes from Dodger Stadium, Chinatown, DTLA, and the vibrant Arts District, you'll enjoy easy access to renowned restaurants, shopping, entertainment, and cultural attractions. Commuters will appreciate the convenient proximity to the 110 and 101 Freeways, making travel throughout Los Angeles a breeze. Don't miss this exceptional opportunity to own an ideally located townhome that offers urban convenience, comfortable living, and outstanding value in the heart of Los Angeles.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1989
- Lot Size
- 7,015 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2200.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Castelar Street Elementary School
Grades K-5 • 0.1 mi
6/10
Ann Street Elementary School
Grades K-6 • 0.7 mi
3/10
Solano Avenue Elementary School
Grades K-6 • 1.0 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.8 |
| Baths | 2.0 | 3.0 |
| Square foot | 858 | 1,684.167 |
| Lot Size | 7,015 | 37,562.267 |
| Price | $515.0K | $937.8K |
| Price per sq ft | $600 | $638 |
| Built year | 1989 | 1980 |
| HOA | $2200.0 | $596 |
| Days on market | 41 | 58 |
Pricing History
Listed for Sale
Jul 30, 2026
$515,000
Initial Listing
Sold
Oct 2, 2001
$110,000
Public Record