525 S Ardmore Avenue 121, Los Angeles, California 90020, Los Angeles, 90020 - 1 bed, 1 bath
ACTIVE$399,000
525 S Ardmore Avenue 121, Los Angeles, California 90020
1Bed
1Bath
566Sqft
73,535Lot
Year Built
1973
Close
-
List price
$399K
Original List price
$405K
Price/Sqft
$705
HOA
$340
Days on market
-
Sold On
-
MLS number
25503161
Home ConditionFair
Features
Good View:
Deck
Spa
Patio
View
About this home
We found 3 Cons,5 Pros. Rank: price - $399.0K(20th), sqft - 566(16th), beds - 1(44th), baths - 1(40th).
Price improvement! This 1 bedroom 1 bath condo is move-in ready for a first-time buyer or investor looking for rental income. Open living area with kitchen, dining and living areas. Both the kitchen and bathroom have recently been refreshed with new paint, shower door, and fixtures. Wood flooring and private patio. Low monthly HOA. The community offers amenities including a spa, sauna, gym, conference room, community laundry room, gated entrance and security cameras on site. One assigned parking included. Convenient location near your favorite Korean BBQ restaurants, bars, and grocery stores! Don't miss this opportunity.
Nearby schools
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.6mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.5mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.5mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.5mi
Price History
Date
Event
Price
09/24/20
Sold
$355,000
03/16/15
Sold
$230,000
01/31/11
Sold
$100,500
08/03/05
Sold
$235,000
Condition Rating
Fair
The property, built in 1973, is over 50 years old. While the description states the kitchen and bathroom have been 'recently refreshed' with new paint, shower door, and fixtures, and wood flooring has been installed, the images reveal that these are largely cosmetic updates. The kitchen features dated white appliances (including a basic electric range), an older granite countertop pattern, and a fluorescent box light, indicating it has not undergone a full modern renovation. The bathroom has an updated vanity and shower door, but the flooring appears older and dated. The property is move-in ready and well-maintained, but key areas like the kitchen and parts of the bathroom show signs of being outdated and would require substantial updates beyond a 'refresh' to meet current quality standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Move-in Ready & Modernized Interiors: The condo is move-in ready with recently refreshed kitchen and bathroom, including new paint, shower door, fixtures, and desirable wood flooring throughout.
Comprehensive Community Amenities & Security: Residents benefit from a wide array of amenities such as a spa, sauna, gym, conference room, community laundry, gated entrance, and on-site security cameras.
Highly Desirable & Convenient Location: Situated in the vibrant Mid-Wilshire area, the property offers excellent walkability and proximity to popular Korean BBQ restaurants, bars, and grocery stores.
Strong Investment Potential & Affordability: Ideal for first-time buyers or investors seeking rental income, further enhanced by a recent price improvement and a low monthly HOA fee of $340.
Dedicated Parking: The inclusion of one assigned parking space is a significant advantage in a dense urban area like Los Angeles, adding convenience and value.
Cons
Limited Living Space: With only 566 square feet, the unit offers compact living quarters, which may be restrictive for some buyers or long-term occupancy.
Building Age: Built in 1973, the building is over 50 years old, which could imply older infrastructure and potential for future maintenance needs not covered by HOA.
Community Laundry Only: While a community laundry room is available, the absence of in-unit laundry facilities may be an inconvenience for residents preferring private amenities.