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400 S Broadway 917, Los Angeles, California 90013, Los Angeles, 90013 - bed, 1 bath

400 S Broadway 917, Los Angeles, California 90013 home-pic-0
ACTIVE UNDER CONTRACT$425,000
400 S Broadway 917, Los Angeles, California 90013
0Bed
1Bath
599Sqft
36,291Lot
Year Built
2021
Close
-
List price
$425K
Original List price
$550K
Price/Sqft
$710
HOA
$565.65
Days on market
-
Sold On
-
MLS number
25545707
Home ConditionExcellent
Features
Good View: City Lights
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $425.0K(41th), sqft - 599(14th), beds - undefined(32th), baths - 1(50th).

Welcome to Residence 917 at Perla on Broadway, Downtown LA's premier high-rise in the heart of the Historic Core. This thoughtfully designed studio, 1-bath residence showcases an open-concept layout with floor-to-ceiling windows, wide-plank oak floors, and sophisticated finishes throughout. Enjoy a sleek European-style kitchen with modern appliances and designer fixtures. The unit features a spa-inspired bathroom outfitted with premium tile and high-end hardware. Perla residents enjoy 24-hour concierge, secure access, and over 44,000 square feet of luxury amenities, including a rooftop lounge with sweeping city views, pool & spa, fitness center, screening room, library, pet spa, co-working spaces, and more. Ideally located near Grand Central Market, the Historic Broadway Theater District, Metro stations, and the vibrant energy of Downtown LA. Luxury. Lifestyle. Location. Live Perla.

Price History

Date
Event
Price
09/12/25
Price Change
$425,000-14.8%
09/02/25
Price Change
$499,000
05/30/25
Listing
$550,000
04/26/21
Sold
$579,000
Condition Rating
Excellent
This property was built in 2021, making it virtually new. The MLS description highlights a 'sleek European-style kitchen with modern appliances and designer fixtures' and a 'spa-inspired bathroom outfitted with premium tile and high-end hardware.' The images confirm these details, showcasing brand-new stainless steel appliances, contemporary two-tone cabinetry, modern light fixtures, wide-plank oak flooring throughout, and a stylish, well-appointed bathroom with a backlit mirror and textured wall tile. All components appear new, meeting current quality standards with no signs of wear or deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Premier Location: Situated in Downtown LA's Historic Core, offering unparalleled access to cultural landmarks, dining, entertainment, and public transportation, enhancing its desirability.
Extensive Luxury Amenities: Residents benefit from over 44,000 sq ft of high-end amenities including a rooftop lounge with city views, pool, spa, fitness center, and 24-hour concierge services, providing a luxurious lifestyle.
Modern Design & Finishes: Built in 2021, the unit features contemporary open-concept living with floor-to-ceiling windows, wide-plank oak floors, a sleek European-style kitchen, and a spa-inspired bathroom.
New Construction: As a 2021 build, the property offers modern infrastructure, energy efficiency, and minimal immediate maintenance concerns, appealing to buyers seeking move-in ready conditions.
City Views: The property offers desirable city lights views from the unit and building amenities, adding to its aesthetic appeal and potential market value.

Cons

Compact Studio Layout: The 599 sqft studio configuration may limit appeal to a broader market, primarily targeting single occupants or those seeking a pied-à-terre, potentially affecting resale velocity.
High Monthly Association Fees: The $565.65 monthly association fee is substantial for a studio unit, significantly impacting the total cost of ownership and potentially deterring budget-conscious buyers.
Value Depreciation & Price Reductions: The current list price of $425,000 is significantly lower than its 2021 sale price of $579,000 and its original list price of $550,000, indicating a notable decline in perceived market value.

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