727 S Ardmore Avenue 304, Los Angeles, California 90005, Los Angeles, 90005 - 2 bed, 2 bath
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Los Angeles, California 90005
This property presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well below the $699,648 Fair Market Value by 0.09%. Featuring a generous 1,546 square feet and a Fair Condition Rating, this unit offers significant upside for those looking to customize interiors. While the building common areas are renovated, the unit requires cosmetic updates, providing $648 in Instant Equity. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime Koreatown location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 727 S Ardmore Avenue 304 Subject | $699,000* List Price | 2 | 2 | 1,546 | $453 | - |
A 727 S Ardmore Avenue 1002 Sold | $770,000 | 2 | 2 | 1,470 | $524 | 0.0 mi |
B 631 S Kenmore 406 Sold | $590,000 | 2 | 2 | 1,199 | $492 | 0.4 mi |
C 733 S Manhattan Place 401 Sold | $619,900 | 2 | 2 | 1,090 | $569 | 0.5 mi |
D 631 S Kenmore Avenue 106 Active Under Contract | $570,000 List Price | 2 | 2 | 1,199 | $475 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982 (42 years old), the property falls into the 'Fair' category due to its age and the 'As-Is' condition of the primary living areas. While the bathrooms and building common areas (lobby/elevators) have been recently renovated, the description explicitly notes that the living areas and rooms require upgrades, including new materials and design, to meet modern standards.
Situated in the heart of Koreatown, this property offers exceptional walkability to a wide array of restaurants, markets, and public transportation, making it ideal for urban living.
With 1,546 square feet of living space, this unit is significantly larger than the average two-bedroom condominium in the area, providing a spacious and open floor plan.
Priced below market value, this unit presents a unique opportunity for buyers to build immediate equity by customizing the interior finishes and design to their specific tastes.
The property is being sold in its current condition and requires significant cosmetic upgrades to the living areas and bedrooms to bring it up to modern standards.
The $700 monthly association fee is a substantial recurring expense that may impact the overall affordability and budget for potential buyers.
Make your home in this beautiful condominium in the heart of Koreatown, Los Angeles. A truly prime location and walking distance to many shops, restaurants, markets, and public transportation. Huge and spacious units with much much lower than market price. Only two bathrooms are remodeled. And Elevators, Lobby and front desk are renovated. Upgrade your living areas and rooms with savings from lower price. You can choose interior color, design, and materials by your own taste. Don't miss out this true "As-IS" unit.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,546 | 1,200 | 86% |
| Lot Size | 26,266 | 26,266 | 50% |
| Price | $699.0K | $680.0K | 57% |
| Price per sq ft | $452 | $561 | 10% |
| Built year | 1982 | 1992 | 24% |
| HOA | $700.0 | $550 | 86% |
| Days on market | 40 | 138 | 5% |
Apr 27, 2026
$699,000
Initial Listing
May 10, 1999
$130,000
Public Record