1234 Wilshire Boulevard 508, Los Angeles, California 90017, Los Angeles, 90017 - 1 bed, 1 bath
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Los Angeles, California 90017
This condominium presents a High-Potential Investment Opportunity with a List Price of $325,000—positioned well below the $330,017 Fair Market Value by 1%. This valuation gap offers $5,017 in Instant Equity for the buyer. Featuring a Good Condition Rating and desirable City Lights views, the unit offers a modern urban lifestyle in a prime location. Despite the complex short sale process, this asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking entry into the Downtown Los Angeles market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1234 Wilshire Boulevard 508 Subject | $325,000* List Price | 1 | 1 | 650 | $507 | - |
A 1234 Wilshire Boulevard 433 Sold | $350,000 | 1 | 1 | 700 | $500 | 0.0 mi |
B 630 W 6th Sold | $338,000 | 1 | 1 | 680 | $497 | 0.6 mi |
C 1100 Wilshire Boulevard 2805 Sold | $420,000 | 1 | 1 | 847 | $496 | 0.1 mi |
D 1234 Wilshire 233 Active | $374,625 List Price | 1 | 1 | 700 | $535 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, the property is exactly 20 years old, meeting the 'Good' criteria. The bathroom features functional, modern finishes including a vessel sink and contemporary tiling. While the bedroom carpet shows some visible wear and the property is a short sale, the overall structure and common areas appear well-maintained and move-in ready.
Situated on Wilshire Boulevard in the heart of Downtown Los Angeles, this property offers unparalleled access to world-class dining, entertainment, and major employment hubs.
Priced at $325,000—well below its 2023 sale price of $497,000—this unit presents a rare opportunity for investors or buyers to acquire a modern asset with substantial built-in equity.
Built in 2006, the condominium features a contemporary layout and desirable city light views, catering to the aesthetic preferences of modern urban professionals.
As a short sale, the transaction is subject to third-party lender approval, which typically involves extended timelines and a higher degree of closing uncertainty.
The monthly association fee of $885.09 is relatively high for a 650-square-foot unit, significantly impacting the overall monthly carrying costs and buyer affordability.
Motivated Seller !!! Best Deal in Town!!! Beautiful property and opportunity to own this unit in one of the most desired locations of DTLA. 1 Bed 1 Bath 650 sq ft unit with community Gym, Sauna, Pool, Jacuzzi, in Unit Washer/Dryer, Private Balcony, Gated Garage with 2 Parking Spaces, City View, Elevator, Built 2006. Property is in short sale process ready for the new owner.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 650 | 1,243 |
| Lot Size | 71,351 | 24,016 |
| Price | $325.0K | $805.6K |
| Price per sq ft | $500 | $659 |
| Built year | 2006 | 1981 |
| HOA | $885.09 | $684 |
| Days on market | 66 | 71 |
May 17, 2026
$325,000
Initial Listing
Oct 25, 2023
$497,000
Public Record
Jun 20, 2013
$360,000
Public Record