267 S San Pedro Street 208
Los Angeles, CA, 90012
(No pictures available yet)
$399,000
MLS: 26779983
Beds
2
Baths
2
Sq Ft
970
Lot
1.48 ac
Year Built
2006
MLS #
26779983
Days on Market
8
Listed
Apr 22, 2026
Description
Discover one of the most affordable condo 2-bedroom 2 bath opportunities in all of Los Angeles, located in the highly desirable Teramachi Condominiums, a vibrant 55+ community in historic Little Tokyo. Simplify your life without compromise. If you've been thinking about downsizing but don't want to give up comfort, community, or convenience this is the opportunity you've been waiting for. Here you'll find a rare blend of affordability, security, and vibrant city living in one of Downtown LA's most culturally rich neighborhoods. Located in the welcoming 55+ Teramachi community, this home allows you to trade maintenance and isolation for ease, connection, and lifestyle. This home adapts to your next chapter - Spacious 2-bedroom layout, ensuite primary bedroom with walk in closet, a second bedroom or den ideal for visiting family, a home office, or hobby room or even a formal dining room, and separate 2nd full bath with in unit washer/dryer. Recent upgrades include, new carpets, new painting, new window treatments, and new lighting fixtures. Easy, comfortable living with central air/heat and a bright open living space opening up to a private balcony for fresh air and relaxation. HOA comes with 24-hour front desk & security for peace of mind, gated parking and controlled access, beautiful courtyard with koi pond, available herb gardening plots, a fitness center to stay active, guest lounges, a stunning two-story modern clubhouse featuring: large fireplace living room, chef's kitchen, with expansive dining, meeting, reading & game/billiard, pingpong, mahjong, card game areas, karaoke, perfect for entertaining family and hosting guests in style (swimming pool coming soon!) A smart move for today and tomorrow, whether you're looking for a beautiful place to call home or a savvy investment, this residence offers both, with leasing allowed, adding flexibility and long-term value. Situated just steps from Weller Court, you'll enjoy easy access to beloved restaurants, charming cafes, boutique shops, and directly across from the iconic Japanese American Cultural Center placing you in the center of one of Downtown LA's most dynamic neighborhoods. Downsize your space, upgrade your lifestyle, enjoy less upkeep, more freedom, and a built-in sense of community, all at a price point that's increasingly rare in Los Angeles.
Location
Los Angeles, Los Angeles County, CA 90012
Open on Google Maps ↗Listed by: Gina Ibarrola · Keller Williams Larchmont
Payment estimate
$3,137
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $39,900 · Loan: $359,100
- Principal & Interest
- $2,272
- Property tax (1.25%)
- $416
- Homeowners insurance
- $300
- Mortgage insurance
- $150
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $13,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Los Angeles, CA 90012 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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