933 New Depot 1-2, Los Angeles, California 90012, Los Angeles, 90012 - 5 bed, 2 bath
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This Spacious Tri-Level Condo is a Prime Investment Opportunity, listed at $570,000—positioned well below the $599,700 Fair Market Value by 4%. This valuation gap offers $29,700 in Instant Equity for incoming buyers. While currently in Fair Condition, the property’s rare 5-bedroom layout and remarkably low HOA fees provide significant utility in the Chinatown district. Located near Solano Avenue Elementary, it offers a unique blend of urban lifestyle and value-add potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 933 New Depot 1-2 Subject | $570,000* List Price | 5 | 2 | 1,732 | $346 | - |
A 909 New Depot Street 15-16 Active | $669,000 List Price | 5 | 2 | 1,732 | $386 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, this 48-year-old property is categorized as fair due to its aging infrastructure and lack of reported recent renovations. While the tri-level layout offers significant space, the functional imbalance of 5 bedrooms to only 2 bathrooms and the 'aging infrastructure' note in the analysis suggest the property is maintained but outdated, likely requiring cosmetic updates and modernization of major systems to meet current market standards.
Featuring 5 bedrooms, this condo offers a rare and highly sought-after configuration for the area, providing significant utility for large families or co-living arrangements.
At approximately $329 per square foot, the property is priced aggressively for the 90012 zip code, offering a strong value proposition compared to newer developments.
Situated in the Chinatown district, the property boasts excellent proximity to Downtown Los Angeles, major transit hubs, and a wide array of cultural and dining amenities.
With only 2 bathrooms to service 5 bedrooms, the property has a significant functional imbalance that may be inconvenient for high-occupancy households.
The listing indicates no views, which may be a disadvantage for a multi-level property in a dense urban environment where natural light and vistas are highly valued.
Built in 1976, the property may require updates to major systems or cosmetic renovations to meet modern aesthetic and efficiency standards.
Tri-level Condo
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 | $570.0K | $625.0K | 45% |
| Price per sq ft | $329 | $582 | 3% |
| Built year | 1976 | 2005 | 23% |
| HOA | $308.7 | $774 | 6% |
| Days on market | 67 | 230 | 13% |
Feb 14, 2026
$570,000
Initial Listing