1855 Industrial Street 509, Los Angeles, California 90021, Los Angeles, 90021 - 1 bed, 2 bath

1855 Industrial Street 509
Los Angeles, California 90021
Property Price
SUMMARY
Analysis of 1855 Industrial Street 509, Los Angeles, California 90021 is currently available with a list price of $1,195,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
This property, originally built in 1924, underwent a thoughtful redevelopment in 2006, making it 18 years since its extensive renovation. While slightly outside the 5-15 year range for 'Good' on renovation age, the visual evidence and description strongly support this rating. The kitchen features modern glossy red cabinetry, stainless steel appliances (including a French door refrigerator and dishwasher), and halogen lighting, all appearing well-maintained and contemporary. The bathroom is upgraded with a glass-enclosed steam shower, a jetted tub, and modern mosaic tiling. Laminate hardwood flooring is present throughout the main living areas. The overall condition suggests a move-in ready property with minimal wear and tear, and its major systems and finishes are functional and stylish, not outdated, aligning with the 'Good' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Arts District Location
Situated in the heart of Downtown LA's vibrant Arts District, offering walking distance to acclaimed restaurants, cafes, and cultural venues, appealing to an urban lifestyle.
- Exceptional Building Amenities
Features a comprehensive suite of amenities including a rooftop heated pool with 360-degree panoramic views, fully equipped fitness center, landscaped courtyard with BBQ grills, 24-hour front desk, and secure assigned parking.
- Unique Historic & Modern Design
An iconic adaptive reuse of the 1924 Toy Factory Lofts, blending original industrial character (concrete columns, rail spur elements) with modern redevelopment and design.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-09-03. The sold price is $1,250,000.00.
- High Monthly HOA Dues
The association fee of $1017.84 per month is substantial, which could impact affordability and narrow the potential buyer pool, despite covering several utilities and services.
- Single Bedroom Configuration
Despite its generous 1778 square feet, the property is configured as a 1-bedroom unit, which may limit its appeal to buyers requiring more dedicated sleeping spaces or a larger family home.
About 1855 Industrial Street 509
Experience elevated urban living in this expansive 5th-floor corner residence at the iconic Toy Factory Lofts, located in the heart of Downtown LA's vibrant Arts District. This bright and open loft features soaring 11-foot ceilings, oversized windows with southwest-facing city skyline views, and a flexible floor plan ideal for both residential and live/work use. The spacious kitchen is outfitted with stainless steel appliances, halogen lighting, and a center island perfect for entertaining. The primary suite offers a walk-in closet, an upgraded bathroom, and a glass-enclosed steam shower. Additional highlights include laminate hardwood flooring throughout and a custom built-in wall library. Enjoy an exceptional suite of amenities including a fully equipped fitness center with Pilates reformers, a lush landscaped courtyard with BBQ grills, and a stunning rooftop sky deck featuring a year-round heated pool with panoramic 360-degree views of Los Angeles. Amazon lockers are conveniently located on-site, and the residence includes two assigned parking spaces in a secure, attached garage along with 24-hour front desk service. Originally constructed in 1924 by the Santa Fe Railroad and thoughtfully redeveloped in 2006, the Toy Factory Lofts are a standout example of adaptive reuse, blending historic industrial character with modern design. Noteworthy architectural features include original concrete columns, signature curved walls, and preserved rail spur elements. The building sits directly across from the Biscuit Company Lofts and within walking distance to some of the Arts District's most acclaimed restaurants, cafes, and cultural venues. HOA dues include water, trash, sewage, parking, and general liability/fire insurance. Residents pay for their own gas, electricity, and internet. This is a rare opportunity to own a piece of Los Angeles history in one of the city's most dynamic and creative neighborhoods.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1924
- Lot Size
- 42,628 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1017.84 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,778 | 1,688 | 50% |
| Lot Size | 42,628 | 37,129 | 50% |
| Price | $1.20M | $1.01M | 50% |
| Price per sq ft | $672 | $672 | 50% |
| Built year | 1924 | 1925 | 50% |
| HOA | $1017.84 | $1.0K | 50% |
| Days on market | 268 | 231 | 75% |
Pricing History
Sold
Sep 3, 2025
$1,250,000
Public Record
Listed for Sale
Jun 11, 2025
$1,195,000
Initial Listing
Sold
Jul 27, 2004
$605,000
Public Record


















