909 New Depot Street 15-16, Los Angeles, California 90012, Los Angeles, 90012 - 5 bed, 2 bath
909 New Depot Street 15-16
Los Angeles, California 90012
Property Price
SUMMARY
Analysis of 909 New Depot Street 15-16, Los Angeles, California 90012 is currently available with a list price of $669,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Positioned in a highly desirable Chinatown area, offering excellent access to Downtown LA, USC, and Old Town Pasadena, enhancing its appeal and convenience.
- Strong Income Generation
The property is explicitly income-producing, generating $3,000-$4,000 monthly, making it an attractive asset for investors.
- Recent Capital Improvements
Benefits from a recent roof replacement, custom kitchen cabinets, and newly remodeled flooring, reducing immediate maintenance and upgrade costs for a new owner.
CONSRISKS & DEFICIENCIES
- Mature Building Age
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.
- Bathroom-to-Bedroom Ratio
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.
- Absence of Scenic Views
The property description explicitly states 'view: None', which could be a detractor for buyers prioritizing aesthetic outlooks in an urban environment.
About 909 New Depot Street 15-16
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- 53,323 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $294.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Castelar Street Elementary School
Grades K-5 • 0.3 mi
Betty Plasencia Elementary School
Grades K-6 • 0.6 mi
Solano Avenue Elementary School
Grades K-6 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 1.5 | 97% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,732 | 1,024.5 | 94% |
| Lot Size | 53,323 | 64,671 | 47% |
| Price | $669.0K | $602.0K | 62% |
| Price per sq ft | $386 | $552 | 3% |
| Built year | 1976 | 1985 | 26% |
| HOA | $294.0 | $760 | 6% |
| Days on market | 567 | 196 | 0% |
Pricing History
Listed for Sale
Sep 24, 2025
$669,000
Initial Listing
Price Change
Aug 16, 2024
$729,000
Initial Listing
Sold
Jul 15, 2004
$218,000
Public Record