909 New Depot Street 15-16, Los Angeles, California 90012, Los Angeles, 90012 - 5 bed, 2 bath
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Los Angeles, California 90012
This Tri-Level Income-Producing Condominium serves as a high-utility urban asset, listed at $669,000, which reflects a stable entry point at its $669,000 Fair Market Value. Featuring a rare 5-bedroom layout and a Fair Condition Rating, the property currently generates $3,000-$4,000 in monthly income with a remarkably low $294 HOA fee. Recent capital improvements include a new roof, custom kitchen cabinets, and remodeled flooring. Located in the vibrant Chinatown district near Solano Avenue Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking house-hacking potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 909 New Depot Street 15-16 Subject | $669,000* List Price | 5 | 2 | 1,732 | $386 | - |
A 903 New Depot Street 5 Sold | $545,000 | 4 | 3 | 1,267 | $430 | 0.0 mi |
B 925 W College Sold | $698,000 | 4 | 3 | 1,450 | $481 | 0.1 mi |
C 933 New Depot 1-2 Active | $570,000 List Price | 5 | 2 | 1,732 | $329 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1976, making it 48 years old. While the description mentions 'Recent Roof Replacement,' 'Custom made kitchen cabinets,' and 'Newly remodeled flooring,' there are no interior images provided to assess the quality, style, or recency of these updates, especially for the kitchen and bathrooms. The exterior images show a dated building with visible wear, stained stucco, and security bars, suggesting that while some components may have been updated, the overall property has not undergone a comprehensive, recent renovation. The exterior condition indicates an aged property that requires minor updates or repairs to align with modern standards, placing it in the 'Fair' category.
Positioned in a highly desirable Chinatown area, offering excellent access to Downtown LA, USC, and Old Town Pasadena, enhancing its appeal and convenience.
The property is explicitly income-producing, generating $3,000-$4,000 monthly, making it an attractive asset for investors.
Benefits from a recent roof replacement, custom kitchen cabinets, and newly remodeled flooring, reducing immediate maintenance and upgrade costs for a new owner.
Constructed in 1976, the building is nearly 50 years old, which may imply potential for aging infrastructure or systems not covered by recent cosmetic updates.
With 5 bedrooms and only 2 bathrooms, the property's ratio may be considered insufficient for larger households or multiple occupants, potentially impacting daily convenience.
The property description explicitly states 'view: None', which could be a detractor for buyers prioritizing aesthetic outlooks in an urban environment.
Great Tri-level Condominium In Well-kept In Desired Area By China-Town. LOW HOA fees. Centrally Located Downtown. Quiet And Clean. Minutes From USC, Downtown, & Old Town Pasadena. Income PRODUCING three to four thousand Monthly. Recent Roof Replacement. Custom made kitchen cabinets. Newly remodeled flooring. This Home Is A GEM. Great Investment Opportunity. Welcome Home!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.6 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 1.0 | 97% |
| Baths | 2.0 | 1.0 | 58% |
| Square foot | 1,732 | 1,006 | 90% |
| Lot Size | 53,323 | 64,671 | 48% |
| Price | $669.0K | $630.0K | 58% |
| Price per sq ft | $386 | $582 | 3% |
| Built year | 1976 | 2005 | 23% |
| HOA | $294.0 | $774 | 6% |
| Days on market | 614 | 231 | 0% |
Sep 24, 2025
$669,000
Initial Listing
Aug 16, 2024
$729,000
Initial Listing
Jul 15, 2004
$218,000
Public Record