ActiveResidential · sale

420 S San Pedro Street 231

Los Angeles, CA 90013

$320,000

  • 1 baths
  • 790 sq ft
  • 1.75 acres
  • Built 1922

Listed by Alexis Hall · MLS #26984961

420 S San Pedro Street 231, Los Angeles, CA 90013 — photo 1 View full photo
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420 S San Pedro Street 231, Los Angeles, CA 90013 · MLS #26984961

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Dual entry provides access from both the interior hallway and landscaped courtyard, with a small private outdoor area adjacent to the unit.

Year built

Built in 1922.

Garage parking

1 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

The lowest-priced condo in 90013 and one of Downtown LA's best values. Unit 231 is priced aggressively for a timely sale as the owners relocate back to the East Coast. Located inside the historic Little Tokyo Lofts, originally built for the Westinghouse Electric Company and converted to residences in 2007, this spacious live/work studio combines industrial architecture with a clean, flexible layout made for living, working, and creating. Tucked quietly within the building, the loft features approx. 12-foot ceilings, hardwood floors, white walls, and thoughtful built-in storage for an open, gallery-like feel. Dual entry provides access from both the interior hallway and landscaped courtyard, with a small private outdoor area adjacent to the unit. Stainless steel appliances, Murphy bed, projector, and additional storage are included. Little Tokyo Lofts offers 24-hour gated security, a heated pool and spa, a fitness center, BBQ and lounge areas, a dog run, and bike storage. Unit 231 includes one assigned parking space conveniently located near the elevator, plus approximately 25 guest parking spaces. HOA dues include water, gas, and sanitation. Close to Little Tokyo, the Arts District and Gallery Row, with restaurants, museums, galleries, shopping and entertainment nearby. At this price, Unit 231 offers a rare opportunity to own a distinctive historic loft in Downtown Los Angeles.
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THE NEIGHBORHOOD

Explore the location.

420 S San Pedro Street 231, Los Angeles, CA 90013

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1922
Full baths
1
Half baths
0
Garage spaces
1
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Disposal,Microwave,Oven,Refrigerator,Washer
Flooring
Wood
Fencing
ChainLink
Accessibility
AccessibleDoors,AccessibleHallways
Pool
No
Pool features
Association
Spa
Yes
Zoning
LAM2
Parcel
5147005076
HOA amenities
ControlledAccess,Dock,Gas,MaintenanceGrounds,Insurance,OutdoorCookingArea,Pool,PetRestrictions,SpaHotTub,Security,Trash
HOA fee frequency
Monthly
HOA fee
$803.38

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$1,333.33
Cap rate—

Annual operating income: —

HOA: Includes $803.38 per month in HOA dues, converted from the $803.38 monthly fee reported by the listing source.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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  1. Understand the opportunity.

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  3. Stay connected to your investment.

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Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #26984961 · California Regional MLS

Listing brokerage: Alexis Hall
Listing agent: Alexis Hall

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.