903 New Depot Street 12a, Los Angeles, California 90012, Los Angeles, 90012 - 3 bed, 2 bath
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Los Angeles, California 90012
This Renovated Income-Producing Townhouse is a Strong Value Opportunity, listed at $585,000—positioned below the $595,000 Fair Market Value by 1%. This valuation gap offers $10,000 in Instant Equity. Boasting an Excellent Condition Rating, the property features a lower-level studio generating $3,000-$4,000 monthly, providing a massive mortgage offset. With marble and bamboo flooring, custom cabinetry, and DTLA skyline views, it balances high-end urban living with significant rental demand. This is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 903 New Depot Street 12a Subject | $548,000* List Price | 3 | 2 | 1,172 | $468 | - |
A 880 W 1st 401 Sold | $555,000 | 2 | 2 | 1,345 | $413 | 0.7 mi |
B 880 W 1st Street 309 Sold | $515,000 | 2 | 2 | 1,217 | $423 | 0.7 mi |
C 800 W 1st Street 2008 Active | $640,000 List Price | 2 | 2 | 1,172 | $546 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1974, the property has undergone an extensive top-to-bottom renovation within the last 5 years. The interior features high-end marble and bamboo flooring, a modern kitchen with custom cabinetry and new stainless steel appliances, and updated bathrooms. Major systems including the roof and AC have also been recently replaced, leaving no deferred maintenance.
The property includes a lower-level studio with a kitchenette that currently produces $3,000-$4,000 in monthly rental income, offering a significant offset to mortgage costs.
Fully remodeled from top to bottom, the home features marble and bamboo flooring, custom cabinetry, and recent replacements of the roof, AC system, and all major appliances.
Ideally situated near the DTLA Financial Center, Chinatown, and major cultural landmarks like Walt Disney Music Hall, providing high walkability and low HOA fees for the area.
The three-level townhouse layout may be challenging for buyers with mobility concerns or those who prefer a more traditional, single-level open floor plan.
The assigned local public schools have relatively low ratings, which may impact long-term resale value and appeal to families prioritizing top-tier education.
SPACIOUS 3-LVL TOWNHOUSE, W/ LOWER-LEVEL STUDIO W/KITCHENETTE. THE HOME IS TASTEFULLY REMODELED FROM TOP TO BOTTOM! PLUS: * TENANT INCOME PRODUCING $3-4K MONTHLY * NEW DISHWASHER* RECENT WASHER & DRYER * RECENT MICROWAVE * RECENT AC REPLACEMENT * RECENT ROOF REPLACEMENT * CUSTOM MADE KITCHEN CABINETS * MARBLE & BAMBOO FLOORING * LOW HOA * CONVENIENT DIST. TO DTLA FINANCIAL CTR, CHINATOWN, GRAND PARK, WALT DISNEY MUSIC HALL, USC & METRO. THIS HOME IS A HIDDEN GEM. GREAT INVESTMENT OPPORTUNITY. WELCOME HOME!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,172 | 1,243 |
| Lot Size | 29,414 | 24,016 |
| Price | $548.0K | $805.6K |
| Price per sq ft | $468 | $659 |
| Built year | 1974 | 1981 |
| HOA | $220.5 | $684 |
| Days on market | 149 | 71 |
Apr 10, 2026
$548,000
$585,000
-6% Price Drop
Initial Listing
Mar 20, 2026
$585,000
$595,000
-2% Price Drop
Initial Listing
Feb 23, 2026
$595,000
Initial Listing
Mar 31, 2004
$215,000
Public Record