720 Waterloo Street 4, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 3 bath
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720 Waterloo Street 4
Los Angeles, California 90026
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,152Sq Ft
14,311Lot Size
Property Price
LIST PRICE$725,000
EST. MARKET VALUE
$725,000
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $725,000—positioned well below the $752,751 Fair Market Value by 3%. This valuation gap offers $27,751 in Instant Equity. Featuring a recently remodeled kitchen and City Lights views, the unit maintains a Condition Rating of 4, balancing modern updates with potential for further system modernization. Located near Echo Park Lake, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic entry into a high-demand urban market.
Estimated Market Value
$725,000
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 |
|---|---|---|---|---|---|---|
★ 720 Waterloo Street 4 Subject | $725,000* List Price | 2 | 3 | 1,152 | $629 | - |
A 705 Micheltorena Street Sold | $850,000 | 2 | 2 | 1,269 | $670 | 0.8 mi |
B 1615 Echo Park Avenue 11 Sold | $925,000 | 2 | 3 | 1,320 | $701 | 0.9 mi |
* 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 1984 (40 years old). Although the kitchen has a recent cosmetic update with new cabinetry and quartz countertops, the unit features dated elements such as fluorescent drop-ceiling lighting and window AC units. The 'as-is' sale status and age suggest that while functional, the property requires further modernization of systems and bathrooms.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Echo Park Location
The property is ideally situated in the highly desirable Silver Lake-Echo Park area, offering close proximity to Sunset Junction, Echo Park Lake, and Downtown Los Angeles.
- Modernized Kitchen
A recently remodeled kitchen featuring brand-new cabinetry and quartz countertops provides a contemporary feel and immediate value for the new owner.
- Secure Private Access
The unit includes a two-car garage with an automatic gate and a private internal stairway, offering a level of security and convenience that is rare for this urban neighborhood.
CONSRISKS & DEFICIENCIES
- As-Is Sale Condition
The property is being sold in as-is condition, which may necessitate additional buyer investment for repairs or updates not covered by the recent kitchen remodel.
- Dated Building Era
Constructed in 1984, the building may lack the modern energy efficiency standards and architectural amenities found in newer luxury developments in the area.
About 720 Waterloo Street 4
Close proximity to Downtown Los Angeles, Echo Park lake and Sunset Junction. Two car garage on the first level with automatic gate entrance. Private stairway from the garage to the living room and kitchen. Kitchen was recently remodeled with brand new cabinetry, quartz countertop. Property sold as-is
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 14,311 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $375.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Rosemont Avenue Elementary School
Grades K-5 • 0.2 mi
5/10
Lake Street Primary School
Grades K-1 • 0.6 mi
0/10
Mayberry Street Elementary School
Grades K-6 • 0.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,152 | 1,219.385 |
| Lot Size | 14,311 | 27,236.074 |
| Price | $725.0K | $800.2K |
| Price per sq ft | $629 | $650 |
| Built year | 1984 | 1979 |
| HOA | $375.0 | $685 |
| Days on market | 99 | 72 |
Pricing History
Listed for Sale
Jun 2, 2026
$725,000
Initial Listing