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421 S La Fayette Park Place 509, Los Angeles, California 90057, Los Angeles, 90057 - 2 bed, 2 bath

421 S La Fayette Park Place 509, Los Angeles, California 90057 home-pic-0
ACTIVE$500,000
421 S La Fayette Park Place 509, Los Angeles, California 90057
2Beds
2Baths
1,037Sqft
43,264Lot
Year Built
1971
Close
-
List price
$500K
Original List price
$580K
Price/Sqft
$482
HOA
$786
Days on market
-
Sold On
-
MLS number
PW25197536
Home ConditionGood
Features
Excellent View: Mountain(s), Neighborhood
Deck
Pool
Spa
ViewMountain(s), Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $500.0K(50th), sqft - 1037(50th), beds - 2(50th), baths - 2(50th).

Welcome to La Fayette Park Place. This home has the best views to offer on the market and has the best time to get in real estate. This condo is perfect for a small family or someone who can utilize the location! The balcony will put you at ease while you overlook Downtown LA, Griffith Observatory and the HOLLYWOOD sign. Feel fresh and pampered with resort like amenities such as a pool, jacuzzi, dry sauna, BBQ pit, fitness center, 24hr security, secured lobby, gated tandem parking, laundry mat, an enclosed courtyard with a peaceful sound of water flowing in the courtyard. As we get closer to fall, the fireplace will come in handy. Entertain guests with upgraded stainless steel appliances, granite kitchen countertops and an open floor plan along with central AC. The home has fresh paint new carpet in each bedroom. Each bedroom has a walk-in closet along with their own private view of the Hollywood Hills. Koreatown has a lot to offer especially with the Olympics around the corner this place will transform and blossom even more by then. A unit like this is rare! The location of this property is prime as you are nearby Lafayette Park, Koreatown, DTLA, Beverly Hills, a childrens hospital, churches, restaurants, multiple shopping centers and great schools. Public transportation and the metro station are nearby and scores high on the walking score. Schedule your appointment today, this won’t last long.

Nearby schools

/10
Lafayette Park Primary Center
Public,•K•0.1mi
3/10
Charles White Elementary School
Public,•1-5•0.4mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.6mi
8/10
Hoover Street Elementary School
Public,•K-5•0.6mi
/10
Lake Street Primary School
Public,•K-1•0.7mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.7mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.7mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.9mi
5/10
Union Avenue Elementary School
Public,•K-5•0.9mi
2/10
Esperanza Elementary School
Public,•K-5•0.9mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.0mi
3/10
Leo Politi Elementary School
Public,•K-5•1.0mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.3mi
2/10
Tenth Street Elementary School
Public,•K-5•1.3mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.5mi
6/10
Castelar Street Elementary School
Public,•K-5•2.4mi
5/10
Virgil Middle School
Public,•6-8•0.8mi
3/10
John H. Liechty Middle School
Public,•6-8•1.0mi
3/10
Sal Castro Middle School
Public,•6-8•1.1mi
3/10
Berendo Middle School
Public,•6-8•1.3mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.1mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.8mi
3/10
Belmont Senior High School
Public,•9-12•1.1mi
8/10
John Marshall Senior High School
Public,•9-12•2.9mi

Price History

Date
Event
Price
11/18/25
Price Change
$500,000-2.0%
11/07/25
Price Change
$510,000-7.3%
10/28/25
Price Change
$549,999-1.8%
10/20/25
Price Change
$559,999-2.6%
10/02/25
Price Change
$574,999-0.9%
09/04/25
Listing
$580,000
09/29/16
Sold
$391,000
Condition Rating
Good
The property, built in 1971, has undergone significant recent updates, making it move-in ready. The description highlights 'upgraded stainless steel appliances, granite kitchen countertops, fresh paint, and new carpet in each bedroom,' along with central AC. Images confirm these updates, showing a modern bathroom vanity and fixtures, a contemporary kitchen faucet, dark wood-look flooring, and fresh carpet. While the building is older and some original elements like kitchen cabinets and the fireplace mantel remain, the extensive cosmetic and functional renovations in key areas (kitchen, bathrooms, flooring) appear to have been completed within the last 5-15 years, aligning with the 'Good' condition criteria for a property extensively renovated within that timeframe.
Pros & Cons

Pros

Panoramic Views: The property boasts exceptional panoramic views of Downtown LA, Griffith Observatory, the Hollywood Sign, and Hollywood Hills from the balcony and bedrooms, significantly enhancing its appeal.
Extensive Resort-Style Amenities: Residents benefit from a wide array of resort-like amenities including a pool, jacuzzi, dry sauna, BBQ pit, fitness center, 24hr security, secured lobby, gated tandem parking, and a laundry mat.
Prime Central Location: Strategically located in Koreatown, offering excellent proximity to DTLA, Beverly Hills, Lafayette Park, hospitals, diverse dining, shopping, and high walkability with nearby public transportation and metro access.
Updated Interior Features: The unit features desirable interior upgrades such as stainless steel appliances, granite kitchen countertops, an open floor plan, central AC, fresh paint, new carpet in bedrooms, and walk-in closets.
Future Appreciation Potential: Situated in Koreatown, an area anticipated to experience significant transformation and growth, particularly with the upcoming Olympics, suggesting strong investment potential.

Cons

High Monthly Association Fee: The substantial monthly association fee of $786 could be a significant financial consideration for potential buyers, impacting overall affordability and long-term ownership costs.
Significant Price Reductions: Multiple price drops from the original list price of $580,000 down to $500,000 indicate potential initial overpricing or a slower market response, which may raise buyer questions about market value.
Building Age: Constructed in 1971, the building is over 50 years old, which could lead to concerns about aging infrastructure, potential for future special assessments, or higher maintenance costs for common areas.

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