909 New Depot Street 15-16, Los Angeles, California 90012, Los Angeles, 90012 - 5 bed, 2 bath
ACTIVE$669,000
909 New Depot Street 15-16, Los Angeles, California 90012
5Beds
2Baths
1,732Sqft
53,323Lot
Year Built
1976
Close
-
List price
$669K
Original List price
$729K
Price/Sqft
$386
HOA
$294
Days on market
-
Sold On
-
MLS number
WS24165773
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $669.0K(58th), sqft - 1732(92th), beds - 5(96th), baths - 2(50th).
Great Tri-level Condominium In Well-kept In Desired Area By China-Town. LOW HOA fees. Centrally Located Downtown. Quiet And Clean. Minutes From USC, Downtown, & Old Town Pasadena. Income PRODUCING three to four thousand Monthly. Recent Roof Replacement. Custom made kitchen cabinets. Newly remodeled flooring. This Home Is A GEM. Great Investment Opportunity. Welcome Home!
Nearby schools
6/10
Castelar Street Elementary School
Public,•K-5•0.3mi
4/10
Betty Plasencia Elementary School
Public,•K-6•0.6mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.0mi
3/10
Sal Castro Middle School
Public,•6-8•1.0mi
2/10
Logan Street Elementary School
Public,•K-8•1.1mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.1mi
3/10
Belmont Senior High School
Public,•9-12•1.0mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.5mi
Price History
Date
Event
Price
09/24/25
Price Change
$669,000
08/16/24
Listing
$729,000
07/15/04
Sold
$218,000
Condition Rating
Fair
The property was built in 1976, making it 48 years old. While the description mentions 'Recent Roof Replacement,' 'Custom made kitchen cabinets,' and 'Newly remodeled flooring,' there are no interior images provided to assess the quality, style, or recency of these updates, especially for the kitchen and bathrooms. The exterior images show a dated building with visible wear, stained stucco, and security bars, suggesting that while some components may have been updated, the overall property has not undergone a comprehensive, recent renovation. The exterior condition indicates an aged property that requires minor updates or repairs to align with modern standards, placing it in the 'Fair' category.
Pros & Cons
Pros
Strategic Location: Positioned in a highly desirable Chinatown area, offering excellent access to Downtown LA, USC, and Old Town Pasadena, enhancing its appeal and convenience.
Strong Income Generation: The property is explicitly income-producing, generating $3,000-$4,000 monthly, making it an attractive asset for investors.
Recent Capital Improvements: Benefits from a recent roof replacement, custom kitchen cabinets, and newly remodeled flooring, reducing immediate maintenance and upgrade costs for a new owner.
Favorable HOA Dues: Features remarkably low HOA fees ($294) for a condominium in a prime Los Angeles urban setting, contributing to lower ownership costs.
Attractive Price Adjustment: A significant price reduction from the original list price ($729,000 to $669,000) indicates increased value and potential for a competitive purchase.
Cons
Mature Building Age: Constructed in 1976, the building is nearly 50 years old, which may imply potential for aging infrastructure or systems not covered by recent cosmetic updates.
Bathroom-to-Bedroom Ratio: With 5 bedrooms and only 2 bathrooms, the property's ratio may be considered insufficient for larger households or multiple occupants, potentially impacting daily convenience.
Absence of Scenic Views: The property description explicitly states 'view: None', which could be a detractor for buyers prioritizing aesthetic outlooks in an urban environment.