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400 S La Fayette Park, Los Angeles, California 90057, Los Angeles, 90057 - 2 bed, 2 bath

400 S La Fayette Park, Los Angeles, California 90057 home-pic-0
ACTIVE$485,000
400 S La Fayette Park, Los Angeles, California 90057
2Beds
2Baths
1,238Sqft
28,383Lot
Year Built
1970
Close
-
List price
$485K
Original List price
$485K
Price/Sqft
$392
HOA
$360
Days on market
-
Sold On
-
MLS number
RS25275257
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $485.0K(50th), sqft - 1238(50th), beds - 2(50th), baths - 2(50th).

Cash Offer only. Unit # 316 / Spacious 2-bedroom, 2-bathroom condo located in Los Angeles, offering approximately 1,200 sq ft of comfortable living space. The unit features an open and functional floor plan with generously sized bedrooms, ample closet space, and two full bathrooms. Vacant and move in ready, this property is ideal for immediate occupancy. The condo includes two assigned parking spaces in a highly desirable area. Residents also enjoy access to a community swimming pool. Centrally located near Koreatown, Downtown Los Angeles, Larchmont Village, and MacArthur Park, with convenient access to Wilshire Blvd, major freeways (10 & 110), public transportation, shopping, dining, and entertainment. Perfect for owner-occupants or investors seeking a well located Los Angeles property.

Price History

Date
Event
Price
12/12/25
Listing
$485,000
Condition Rating
Poor
The property, built in 1970, features a highly dated kitchen with old appliances and cabinets, and equally dated bathrooms with original-style vanities and fixtures. The popcorn ceilings, dated light fixtures, and older tile flooring throughout indicate that no significant renovations have occurred in several decades (likely 30-50+ years ago, or never). While 'move-in ready,' bringing this unit to current market standards would require substantial cosmetic and functional rehabilitation, including full kitchen and bathroom remodels, new flooring, and ceiling work.
Pros & Cons

Pros

Prime Central Location: Centrally located near Koreatown, Downtown Los Angeles, Larchmont Village, and MacArthur Park, offering excellent access to major freeways (10 & 110), public transportation, shopping, dining, and entertainment.
Spacious & Functional Layout: Approximately 1,200 sq ft with an open and functional floor plan, featuring generously sized 2 bedrooms, 2 full bathrooms, and ample closet space.
Move-in Ready: The unit is vacant and move-in ready, ideal for immediate occupancy by owner-occupants or investors.
Valuable Amenities: Includes two assigned parking spaces, a significant advantage in Los Angeles, and access to a community swimming pool.
Desirable City Lights View: The property offers a city lights view, enhancing its appeal and potential value.

Cons

Cash Offer Only: The requirement for a cash offer significantly narrows the pool of potential buyers, potentially impacting marketability and sale price.
Monthly Association Fees: A monthly association fee of $360 adds to the ongoing cost of homeownership, which is a financial consideration for buyers.
Building Age: Built in 1970, the building's age may imply older common area systems or infrastructure that could require future maintenance or special assessments, despite the unit being move-in ready.

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