933 New Depot 1-2, Los Angeles, California 90012, Los Angeles, 90012 - 5 bed, 2 bath
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Los Angeles, California 90012
This tri-level condo presents a High-Potential Investment Opportunity with a List Price of $570,000—positioned above the $539,946 Fair Market Value. While the property requires a full rehab due to its Condition Rating of 5, the rare 5-bedroom layout provides significant rental potential in the heart of Chinatown. The property offers a strategic urban location near Downtown Los Angeles, making it a compelling Value-Add Asset. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to modernize a high-density residential space.
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 | $312 | - |
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 extensive renovation needed.
Built in 1976, this property is nearly 50 years old and shows a kitchen in original or near-original condition with dated tile countertops, old cabinetry, and fluorescent lighting. While the living area has updated laminate flooring, the kitchen and likely the bathrooms require a full rehab to address the 30+ year age of the finishes and systems.
Featuring 5 bedrooms and over 1,700 square feet of living space, this tri-level condo offers a rare and substantial layout that is ideal for large families or high-density rental potential.
Priced at approximately $329 per square foot, this property is positioned significantly below the median price for the Los Angeles area, offering an attractive entry point for buyers or investors.
Located in the heart of Chinatown (90012), the property provides excellent proximity to Downtown Los Angeles, public transit, and a wide array of cultural and culinary amenities.
With 95 days on the market, the property may be facing challenges regarding its condition or specific layout that have deterred immediate offers in a competitive market.
Built in 1976, the tri-level design may lack modern accessibility and likely requires cosmetic or systemic updates to meet contemporary buyer expectations.
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 | 65% |
| Square foot | 1,732 | 1,006 | 90% |
| Lot Size | 53,323 | 43,816 | 52% |
| Price | $570.0K | $625.0K | 48% |
| Price per sq ft | $329 | $582 | 3% |
| Built year | 1976 | 1985 | 26% |
| HOA | $308.7 | $821 | 6% |
| Days on market | 112 | 221 | 26% |
Feb 14, 2026
$570,000
Initial Listing