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4255 W 5th Street 209, Los Angeles, California 90020, Los Angeles, 90020 - 1 bed, 1 bath

4255 W 5th Street 209, Los Angeles, California 90020 home-pic-0
ACTIVE$468,000
4255 W 5th Street 209, Los Angeles, California 90020
1Bed
1Bath
713Sqft
13,470Lot
Year Built
1965
Close
-
List price
$468K
Original List price
$499K
Price/Sqft
$656
HOA
$322
Days on market
-
Sold On
-
MLS number
25479941
Home ConditionGood
Features
Deck
View

About this home

We found 3 Cons,5 Pros. Rank: price - $468.0K(44th), sqft - 713(36th), beds - 1(44th), baths - 1(40th).

THE SELLER IS VERY MOTIVATED - SUBMIT ALL REASONABLE OFFERS! Outstanding location for this secure second floor sun filled condo that is in the Fairmount Condominium complex nearby trendy Hancock Park/Korea town areas. As you step inside, you'll be immediately drawn to the natural light streaming in through the large sliding glass door windows, providing a warm and inviting atmosphere. The open living and dining areas are perfect for entertaining guests or spending quality time with your loved ones. The floor plan is highlighted with engineered hardwood flooring in the living, dining and the primary bedroom. The fully equipped open kitchen features updated appliances, countertops and cabinets, plus ample storage space. Entertain on the private & bright south facing private balcony to enjoy your morning coffee or evening glass of wine shaded with trees for privacy. The bedroom has two sets of closet areas, plus a linen closet outside the remodeled bathroom with a large shower! There is a stacked in-unit washer & dryer in the closet that are included. The assigned/deeded parking spot with an EV Charger is located in a secure, lighted gated garage with an interior elevator that takes you directly to your floor or lobby area. Minutes away from restaurants, bars, groceries & public transit/subway; with easy access to Hollywood, Beverly Hills, DTLA, Larchmont Village & beyond. This is the ideal condo for anyone looking to experience the vibrant lifestyle of Los Angeles. Contact Listing Agent #1 for showings and questions first please. AVAILABLE FOR LEASE FOR $2,050- PER MONTH

Nearby schools

6/10
Wilshire Park Elementary School
Public,•K-5•0.4mi
6/10
Charles H. Kim Elementary School
Public,•K-5•0.4mi
3/10
Wilton Place Elementary School
Public,•K-5•0.5mi
5/10
Cahuenga Elementary School
Public,•K-5•0.5mi
3/10
Harvard Elementary School
Public,•K-5•0.9mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.0mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.0mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•1.0mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•1.1mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•1.1mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•1.2mi
3/10
Los Angeles Elementary School
Public,•K-5•1.2mi
8/10
Third Street Elementary School
Public,•K-5•1.4mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.5mi
7/10
Queen Anne Place Elementary School
Public,•K-5•1.5mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•1.7mi
8/10
Hoover Street Elementary School
Public,•K-5•1.7mi
3/10
Leo Politi Elementary School
Public,•K-5•1.8mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.8mi
4/10
Young Oak Kim Academy
Public,•6-8•1.3mi
5/10
Virgil Middle School
Public,•6-8•1.3mi
7/10
John Burroughs Middle School
Public,•6-8•1.4mi
5/10
Pio Pico Middle School
Public,•6-8•1.5mi
3/10
Berendo Middle School
Public,•6-8•1.5mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.8mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.8mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.0mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.0mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.0mi
4/10
Los Angeles Senior High School
Public,•9-12•1.4mi
4/10
West Adams Preparatory High School
Public,•9-12•2.2mi
3/10
Belmont Senior High School
Public,•9-12•2.8mi
7/10
Fairfax Senior High School
Public,•9-12•3.1mi
8/10
John Marshall Senior High School
Public,•9-12•3.5mi

Price History

Date
Event
Price
12/24/19
Sold
$355,000
05/19/98
Sold
$45,000
Condition Rating
Good
The property, built in 1965, has undergone significant interior updates. The kitchen features updated appliances, countertops, and cabinets, and the bathroom has been remodeled with a large shower. Engineered hardwood flooring throughout the living areas and primary bedroom further enhances its modern appeal. These renovations make the unit move-in ready and well-maintained, aligning with the 'Good' condition score, despite the older building's construction year.
Pros & Cons

Pros

Prime Location & Accessibility: Outstanding location near trendy Hancock Park/Koreatown, offering minutes-away access to restaurants, bars, groceries, public transit/subway, and easy commutes to Hollywood, Beverly Hills, and DTLA.
Modern & Updated Interior: The condo features an updated open kitchen with modern appliances, countertops, and cabinets, engineered hardwood flooring throughout, and a remodeled bathroom, providing a contemporary living space.
Secure Parking with EV Charger: Includes an assigned/deeded parking spot in a secure, lighted gated garage, complete with an EV charger and direct interior elevator access to the unit's floor.
Abundant Natural Light & Private Balcony: The unit is sun-filled with natural light streaming through large sliding glass doors, which open to a private, south-facing balcony shaded by trees for privacy.
In-Unit Laundry & Rental Potential: Convenience of an in-unit stacked washer & dryer is included, and the property's availability for lease at $2,050/month highlights its strong rental income potential for investors.

Cons

Compact Size: As a 1-bedroom, 1-bathroom unit spanning 713 sqft, the property's compact size may limit its appeal to a broader range of buyers, particularly those needing more space.
Seller Motivation & Price History: The explicit mention of a 'very motivated seller' and a recent price reduction from $499,000 to $468,000 could suggest challenges in market valuation or buyer interest.
Monthly Association Fees: A monthly association fee of $322.0 adds to the recurring cost of ownership, which can be a significant factor for potential buyers when budgeting.

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