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1855 Industrial Street 420, Los Angeles, California 90021, Los Angeles, 90021 - 1 bed, 1 bath

1855 Industrial Street 420, Los Angeles, California 90021 home-pic-0
ACTIVE$799,000
1855 Industrial Street 420, Los Angeles, California 90021
1Bed
1Bath
1,020Sqft
42,628Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Walkability: Ideally located within walking distance to a vibrant array of popular dining and entertainment venues, offering an exceptional urban lifestyle.
Top Cons:
High HOA Dues: The monthly association fee of $883 is substantial and could be a significant financial consideration for potential buyers, despite the included services.

Compared to the nearby listings

Price:$799.0K vs avg $825.0K ($-26,000)20%
Size:1,020 sqft vs avg 1,598 sqft20%
Price/sqft:$783 vs avg $78350%

More Insights

Built in 1924 (101 years old).
Condition: The property, built in 1924, is an authentic loft conversion with polished concrete floors and original industrial windows, which are well-maintained and contribute to its character. While the unit is clean and move-in ready, the kitchen features orange upper cabinets and a black refrigerator, which appear dated and suggest a renovation that occurred more than 15 years ago. The bathroom is functional and clean but not recently updated. Overall, the home is well-maintained but shows signs of an older renovation, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated.
Year Built
1924
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$783
HOA
$883
Days on market
-
Sold On
-
MLS number
25526435
Home ConditionFair
Features
Excellent View: City Lights
Deck
Pool
ViewCity Lights

About this home

Unit #420 is a spacious, open, and bright loft home featuring 11 foot ceilings, large living area & kitchen with bedroom nook and northern city light views. This authentic live/work loft home features polished concrete floors, thick poured-in-place concrete columns, and original iron framed windows/hardware. Large soaking tub, generously sized wardrobe closet, and in unit laundry makes this one a winner. 1 assigned parking space included in secure attached garage. Amenities include fully equipped gym with Pilates reformers, a generous common area with garden, spectacular sky deck rooftop pool facilities with 360 degree city views and secure parking plus 24 hour door staff. The subject property is ideally located within walking distance to local favorites like Camelia, Flamingo Bar, Tony's, Pizzanista, upcoming Silverlake Wine Bar, Everson Royce, Bestia, Damian and a host of other entertainment and dining venues. This loft home can ideally be used as both a corporate office and/or a home. SEE THIS ONE & FALL IN LOVE! Water, Trash, Sewage, Parking, & General Liability/Fire Insurance included with HOA Dues. Residents pay their own gas, electricity, & TV/Internet.

Price History

Date
Event
Price
11/27/13
Sold
$499,004
09/30/05
Sold
$535,000
07/27/04
Sold
$299,000
Condition Rating
Fair
The property, built in 1924, is an authentic loft conversion with polished concrete floors and original industrial windows, which are well-maintained and contribute to its character. While the unit is clean and move-in ready, the kitchen features orange upper cabinets and a black refrigerator, which appear dated and suggest a renovation that occurred more than 15 years ago. The bathroom is functional and clean but not recently updated. Overall, the home is well-maintained but shows signs of an older renovation, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Prime Location & Walkability: Ideally located within walking distance to a vibrant array of popular dining and entertainment venues, offering an exceptional urban lifestyle.
Authentic Loft Features: Boasts genuine loft characteristics with 11-foot ceilings, polished concrete floors, thick poured-in-place concrete columns, and original iron-framed windows, appealing to those seeking unique architectural style.
Comprehensive Building Amenities: Residents benefit from a fully equipped gym with Pilates reformers, a generous common area garden, a spectacular sky deck with a rooftop pool and 360-degree city views, and 24-hour door staff.
Included Services & Parking: HOA dues cover water, trash, sewage, general liability/fire insurance, and include one assigned parking space in a secure attached garage, adding significant value and convenience.
Versatile Live/Work Space: The spacious and bright open-concept layout is explicitly designed for both residential and corporate office use, offering flexibility for modern living and working.

Cons

High HOA Dues: The monthly association fee of $883 is substantial and could be a significant financial consideration for potential buyers, despite the included services.
Open Concept Bedroom Nook: The 'bedroom nook' design, while characteristic of a loft, lacks the privacy and enclosure of a traditional, separate bedroom, which may not appeal to all buyers.
Industrial Area Environment: Located on 'Industrial Street,' the immediate surroundings might be subject to noise or activity typical of an industrial zone, potentially impacting the residential tranquility for some.

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