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267 S San Pedro Street 508, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath

267 S San Pedro Street 508, Los Angeles, California 90012 home-pic-0
ACTIVE$389,000
267 S San Pedro Street 508, Los Angeles, California 90012
2Beds
2Baths
970Sqft
64,671Lot
Year Built
2006
Close
-
List price
$389K
Original List price
$389K
Price/Sqft
$401
HOA
$1,088.7
Days on market
-
Sold On
-
MLS number
25622513
Home ConditionGood
Features
Good View: City Lights, Park/Greenbelt
Deck
ViewCity Lights,Park/Greenbelt

About this home

We found 4 Cons,5 Pros. Rank: price - $389.0K(4th), sqft - 970(42th), beds - 2(50th), baths - 2(50th).

Welcome to Teramachi, a desirable 55+ condominium community located in the heart of Downtown LA's historic Little Tokyo. This bright and inviting 2-bedroom, 2-bathroom condo on the 5th floor offers 970 sq ft of comfortable living space and represents the best value for a 2-bedroom home in the complex. The unit features a well-designed layout with a spacious living area, dining space, and a private balcony that brings in abundant natural light. The primary bedroom includes a generous walk-in closet, while the guest bedroom is equipped with a custom closet organizer. The unit is neat, clean, and ready for personalized upgrades. Additional conveniences include in-unit laundry, central air & heat, and one secure assigned parking space. Teramachi offers a wide range of amenities tailored to active adult living, including a central Zen-inspired courtyard with koi pond, fitness center, landscaped walkways, multiple guest lounges, community recreation room, BBQ areas, and 24-hour front desk/security. Guest parking is also available. Located at the northwest corner of S. San Pedro St. and 3rd St., the building sits within the Little Tokyo boundary with easy access to shopping, dining, grocery stores, cultural destinations, and nearby attractions such as the Arts District, Grand Central Market, Civic Center, and Union Station. This is a wonderful opportunity to enjoy comfortable living in a secure, well-maintained 55+ community in one of DTLA's most vibrant neighborhoods.

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.9mi
6/10
Hollenbeck Middle School
Public,•6-8•2.0mi
3/10
Belmont Senior High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
12/01/25
Listing
$389,000
05/24/18
Sold
$472,000
01/15/16
Sold
$456,000
02/08/12
Sold
$277,500
Condition Rating
Good
The property was built in 2006, making it 18 years old, which falls within the 'Good' category's age range. The unit appears clean and well-maintained, with functional systems including central air/heat and in-unit laundry. The kitchen features stainless steel appliances (though the refrigerator is black, creating a slight mismatch), wood cabinets, and granite-look countertops, which are functional but reflect a mid-2000s aesthetic. Similarly, the bathrooms have builder-grade vanities and fixtures from the same era. While the listing notes it's 'ready for personalized upgrades,' these are primarily cosmetic updates to modernize the style rather than immediate repairs for functionality. The carpet and tile flooring are clean but not new. Overall, it's move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Prime Little Tokyo Location: Situated in the heart of Downtown LA's historic Little Tokyo, offering unparalleled access to diverse dining, shopping, cultural destinations, and major DTLA attractions like the Arts District, Grand Central Market, and Union Station.
Comprehensive 55+ Community Amenities: Teramachi provides a secure and active adult living environment with extensive amenities including a Zen-inspired courtyard with koi pond, fitness center, landscaped walkways, multiple guest lounges, community recreation room, BBQ areas, and 24-hour front desk/security.
Excellent Unit Conveniences: The unit includes highly sought-after features for condo living such as in-unit laundry, central air & heat, and one secure assigned parking space, enhancing comfort and practicality.
Strong Value Proposition: Marketed as 'the best value for a 2-bedroom home in the complex,' suggesting a competitive price point relative to other units within the desirable Teramachi community.
Bright Interior with Desirable Views: The condo benefits from abundant natural light through a private balcony, offering pleasant City Lights and Park/Greenbelt views, contributing to an inviting living space.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =64671, other record lot size in square feet = 64558.
Age Restriction (55+ Community): The property is part of a 55+ condominium community, which significantly limits the potential buyer pool to only those meeting the age requirement.
High Association Fees: The monthly association fee of $1088.7 is substantial for a 970 sq ft unit, which could be a significant ongoing cost for potential buyers, despite the extensive amenities offered.
Requires Personalized Upgrades: Described as 'neat, clean, and ready for personalized upgrades,' indicating the unit may not be fully updated to modern tastes and could require additional investment for renovations or cosmetic improvements.

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