727 S Ardmore Avenue 801, Los Angeles, California 90005, Los Angeles, 90005 - 2 bed, 2 bath
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Los Angeles, California 90005
This Turnkey Condominium represents a Strong Value Opportunity, listed at $799,000—positioned well below the $801,539 Fair Market Value by 0.32%. This valuation gap offers $2,539 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes modern updates like quartz countertops and new flooring. With a Panoramic City View and a spacious 1,586 sqft floor plan, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle in prime Koreatown.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 727 S Ardmore Avenue 801 Subject | $799,000* List Price | 2 | 2 | 1,586 | $505 | - |
A 727 S Ardmore Avenue 1002 Sold | $770,000 | 2 | 2 | 1,470 | $524 | 0.0 mi |
B 727 S Ardmore Avenue 802 Sold | $780,000 | 2 | 2 | 1,525 | $511 | 0.0 mi |
C 631 S Kenmore 406 Sold | $590,000 | 2 | 2 | 1,199 | $492 | 0.4 mi |
D 625 S Berendo Street 609 Sold | $780,000 | 2 | 2 | 1,390 | $561 | 0.5 mi |
E 620 S Gramercy Place 415 Sold | $620,000 | 2 | 2 | 1,053 | $589 | 0.6 mi |
F 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 move-in ready.
While the building dates to 1982, the unit is well-maintained and move-in ready with significant cosmetic updates. It features new paint, modern wood-look laminate flooring, recessed lighting, and a refreshed kitchen with quartz countertops and stainless steel appliances. Although some bathroom fixtures like the tub appear original, the overall condition is functional and updated.
As a southwest corner unit on the 8th floor, the property offers exceptional panoramic views of Downtown Los Angeles and benefits from significant natural light and cross-ventilation.
Boasting 1,586 square feet, the unit features a spacious layout including a large master suite with a walk-in closet and a private balcony, offering more interior volume than many competing two-bedroom condos.
The property is situated in a highly walkable area of Koreatown, just one block from Wilshire Boulevard, providing immediate access to top-tier dining, shopping, and public transportation.
The association fee of $700 per month is relatively high and may be a deterrent for budget-conscious buyers or those looking to maximize their monthly mortgage leverage.
Constructed in 1982, the building may lack the contemporary amenities, smart home integrations, and energy-efficient systems found in the newer luxury developments common in the Mid-Wilshire area.
The Southwest corner unit features absolutely amazing panorama view of Downtown from the 8th floor along with the resort like breeze at all the time. Come see this light and bright unit in prime Mid-Wilshire/Koreatown area. Just a block south of Wilshire Blvd, this building is convenient to many appealing amenities such as restaurants, shops, public transportation, and much more. New paint throughout, a large and spacious floor plan, and balcony right off the living room. Spacious Master bedroom with a large walk in closet and very bright view, another good size second bedroom with plenty of closet spaces.
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 | 1,586 | 1,200 | 86% |
| Lot Size | 26,266 | 26,266 | 50% |
| Price | $799.0K | $680.0K | 81% |
| Price per sq ft | $504 | $561 | 24% |
| Built year | 1982 | 1992 | 24% |
| HOA | $700.0 | $550 | 86% |
| Days on market | 27 | 146 | 5% |
May 18, 2026
$799,000
Initial Listing
Aug 3, 2018
$585,000
Public Record
Mar 2, 2016
$550,000
Public Record
Aug 12, 2013
$457,000
Public Record