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1118 Valencia Street 123, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

1118 Valencia Street 123, Los Angeles, California 90015 home-pic-0
ACTIVE$399,000
1118 Valencia Street 123, Los Angeles, California 90015
1Bed
1Bath
650Sqft
147,380Lot
Year Built
1983
Close
-
List price
$399K
Original List price
$565K
Price/Sqft
$614
HOA
$612
Days on market
-
Sold On
-
MLS number
PW25032633
Home ConditionPoor
Features
Pool
Spa
ViewCourtyard

About this home

We found 3 Cons,5 Pros. Rank: price - $399.0K(8th), sqft - 650(12th), beds - 1(50th), baths - 1(50th).

Fixer-Upper in DTLA: Prime Location, Underground Parking, Pool Access Attention: First Time Homebuyers, Cash Investors looking for your next project! Great starter home, priced well for DTLA. Condo is in need of TLC, ideal for someone with a vision! Here's your chance to own a 1-bedroom, 1-bath condo with unlimited potential in one of LA’s most exciting and rapidly growing neighborhoods! Located just minutes from Crypto.com Arena, LA Live, Residences at The Ritz Carlton, JW Marriott, USC campus, Whole Foods, the Metro Line, Fashion District and more. The unit offers a living and dining area, underground gated assigned parking, pool, spa, community laundry and unit hook ups for stackable washer/dryer, security, and unbeatable walkability to night life and all that Downtown LA has to offer. Conveniently located with access to all major freeways. The HOA is actively working on community-wide improvements, including exterior enhancements. Landscaping upgrades are in progress—please watch your step while touring the complex. Sold AS-IS * Cash * Conventional Loans Only (FHA Not Accepted) * Priced to Sell Quickly * Motivated Seller Don’t miss this incredible opportunity to bring your creativity and investment savvy to DTLA. Schedule a showing today and turn this diamond in the rough into your dream space!

Condition Rating
Poor
Built in 1983, this property is explicitly marketed as a 'fixer-upper' and 'in need of TLC,' which is evident in the images. The kitchen is severely outdated with original-looking cabinets, worn laminate countertops, dated fluorescent lighting, and even missing cabinet doors, indicating a need for substantial rehabilitation. Popcorn ceilings and outdated light fixtures are present throughout the unit. While some flooring appears to be a more recent update, the overall condition, particularly in critical areas like the kitchen, requires significant investment and renovation to meet modern standards. The 'Sold AS-IS' status and ineligibility for FHA loans further underscore the property's condition.
Pros & Cons

Pros

Prime Downtown LA Location: The property boasts an unbeatable walkability score, offering immediate access to major attractions like Crypto.com Arena, LA Live, USC, dining, shopping, and entertainment, with excellent public transit and freeway access.
Investment Potential: Marketed as a 'fixer-upper' and 'priced well for DTLA,' this unit presents a significant value-add opportunity for first-time homebuyers or cash investors looking to customize and increase equity.
Secure Parking: Includes valuable underground gated assigned parking, a highly sought-after amenity in a dense urban environment like Downtown Los Angeles.
Community Amenities: Residents benefit from desirable on-site amenities such as a pool, spa, and security, enhancing the lifestyle and overall appeal of the complex.
In-Unit Laundry Capability: The unit is equipped with hookups for a stackable washer/dryer, providing convenient in-home laundry options.

Cons

Condition Requires Renovation: Explicitly described as a 'fixer-upper' and 'in need of TLC,' indicating that significant renovation and modernization efforts will be required by the buyer.
Sold As-Is & Financing Limitations: The property is sold 'AS-IS,' meaning no seller repairs, and is not eligible for FHA loans, which may limit the buyer pool and necessitate conventional or cash financing.
Ongoing Community Improvements: The HOA is actively engaged in community-wide improvements, which, while beneficial long-term, may cause temporary inconvenience or disruption during the construction phase.

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