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 | $508 | - |
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.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 47% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 650 | 890 | 20% |
| Lot Size | 71,351 | 59,001 | 53% |
| Price | $325.0K | $530.0K | 7% |
| Price per sq ft | $500 | $541 | 33% |
| Built year | 2006 | 2006 | 50% |
| HOA | $885.09 | $1.1K | 27% |
| Days on market | 20 | 187 | 7% |
May 17, 2026
$325,000
Initial Listing
Oct 25, 2023
$497,000
Public Record
Jun 20, 2013
$360,000
Public Record