716 New Depot, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
716 New Depot
Los Angeles, California 90012
Property Price
SUMMARY
Analysis of 716 New Depot, Los Angeles, California 90012 is currently available with a list price of $499,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property is a fully remodeled, turnkey townhouse featuring a contemporary redesign. The kitchen is chef-inspired with brand-new appliances and quartz countertops, while the bathrooms have been updated with modern fixtures and refined finishes. Despite the 1989 build year, the extensive recent renovations and high-quality materials used throughout the interior meet the criteria for excellent condition.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Modern Renovations
The property has been fully remodeled with a chef-inspired kitchen featuring quartz countertops and brand-new appliances, offering a contemporary, move-in-ready living experience.
- Prime Urban Location
Situated in the heart of Downtown Los Angeles, this residence provides exceptional walkability and access to top-tier dining, cultural landmarks, and vibrant nightlife.
- Aggressive Pricing Strategy
A significant price adjustment from $589,000 to $499,000 positions this property as a highly competitive and attractive option for buyers seeking value in a premium metropolitan area.
CONSRISKS & DEFICIENCIES
- High Association Fees
The reported association fee of $2,200 is exceptionally high relative to the property's size and list price, which may pose a challenge for buyer financing and monthly affordability.
- Limited Interior Square Footage
At just 802 square feet for a two-bedroom, two-bathroom configuration, the living spaces are quite compact, which may feel restrictive for some residents.
About 716 New Depot
HUGE Price adjustment for quick sale. Experience urban living at its finest in this fully remodeled, contemporary townhouse located in the heart of Downtown Los Angeles. Thoughtfully redesigned, this two-bedroom, two-bath residence offers modern style, functional comfort, and effortless convenience. Step inside to a bright, open living space enhanced by sleek finishes and abundant natural light. The chef-inspired kitchen features brand-new appliances, quartz countertops, and generous cabinetry, creating an ideal setting for cooking and entertaining. The home also includes in-unit washer/dryer hookups for added ease. Both bedrooms offer excellent privacy and comfort, while the updated bathrooms showcase modern fixtures and clean, refined design. Set in a prime Downtown location, you’re just moments from LA’s top restaurants, boutique shopping, cultural landmarks, and vibrant nightlife. Whether for work or leisure, everything you need is within minutes. A rare opportunity to enjoy turnkey living with unmatched accessibility. Schedule your private showing and make this modern urban retreat your new home.
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
Ann Street Elementary School
Grades K-6 • 0.7 mi
Solano Avenue Elementary School
Grades K-6 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 3.0 | 33% |
| Square foot | 802 | 1,820 | 33% |
| Lot Size | 7,015 | 43,816 | 33% |
| Price | $499.0K | $990.0K | 33% |
| Price per sq ft | $622 | $622 | 50% |
| Built year | 1989 | 1989 | 50% |
| HOA | $2200.0 | $671 | 67% |
| Days on market | 78 | 185 | 33% |
Pricing History
Listed for Sale
Feb 4, 2026
$499,000
$555,000
-10% Price Drop
Initial Listing
Price Change
Feb 1, 2026
$555,000
$559,000
-1% Price Drop
Initial Listing
Price Change
Jan 22, 2026
$559,000
$570,000
-2% Price Drop
Initial Listing
Price Change
Jan 4, 2026
$570,000
$589,000
-3% Price Drop
Initial Listing
Price Change
Dec 18, 2025
$589,000
Initial Listing