1645 N Vine Street 606, Los Angeles, California 90028, Los Angeles, 90028 - 2 bed, 2 bath
1645 N Vine Street 606
Los Angeles, California 90028
Property Price
SUMMARY
Analysis of 1645 N Vine Street 606, Los Angeles, California 90028 is currently available with a list price of $2,140,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1928, this unit has undergone an extensive, high-end renovation into a 'modern loft' designed by Kelly Wearstler. The kitchen is sleek and contemporary with integrated appliances, marble countertops, and a wine cellar. Bathrooms feature modern large-format tiling, glass enclosures, and updated fixtures. The property boasts premium finishes like herringbone hardwood floors, smart home systems, Lutron lighting, and automated shades, indicating all components are new or virtually new, meeting current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Savings
The property benefits from Mills Act status, offering significant annual property tax savings, currently at $5,400.
- Iconic Location & Views
Situated at the iconic corner of Hollywood & Vine, offering breathtaking views of Capitol Records, The Hollywood Sign, and Pantages Theater, with excellent walkability to amenities and transit.
- Luxury Full-Service Amenities
The building provides extensive high-end amenities including a rooftop pool/spa, private cabanas, equipped gym, 24-hour front desk service, and valet parking.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fee
The property carries a substantial monthly association fee of $2,535, which is a significant ongoing cost.
- Potential for Urban Noise
Located at a bustling, iconic intersection, the unit may be subject to significant ambient urban noise despite its 6th-floor position.
- Historic Building Considerations
Built in 1928, while charming and well-maintained, the historic nature of the building could present unique maintenance challenges or limitations compared to newer constructions.
About 1645 N Vine Street 606
Rare opportunity to own the most desirable floor plan at the Broadway Hollywood. Built in 1928, this full-service building is located at the iconic corner of Hollywood & Vine. With breathtaking views of Capitol Records, The Hollywood sign and famous Pantages Theater, this corner 2 bd/2 ba modern loft with 11ft foot ceiling, comes with a smart home system, Lutron lighting, T.Vs and automated shades. A sleek kitchen with tons of storage, large island, bar with wine cellar and fridge; this unit houses a beautiful custom library wall and plenty of bedroom closet space. Designed by Kelly Wearstler, The Broadway amenities include a gorgeous rooftop pool/Spa, private cabanas, fireplace, an equipped gym, 24 hour front desk service and valet parking. Located walking distance from Trader Joes, Equinox, W Hotel, tons of restaurants and the subway, this historic landmark is perfect for a practical live/work type of lifestyle. MILLS ACT BUILDING WITH SIGNIFICANT PROPERTY TAX SAVINGS (currently paying $5,400 annually)
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1928
- Lot Size
- 22,507 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2535.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,140 | 1,225 | 89% |
| Lot Size | 22,507 | 22,507 | 50% |
| Price | $2.14M | $730.0K | 94% |
| Price per sq ft | $1.0K | $608 | 94% |
| Built year | 1928 | 2006 | 28% |
| HOA | $2535.0 | $1.4K | 83% |
| Days on market | 592 | 214 | 94% |
Pricing History
No pricing history data available.