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500 Molino Street 114, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

500 Molino Street 114, Los Angeles, California 90013 home-pic-0
ACTIVE$829,000
500 Molino Street 114, Los Angeles, California 90013
1Bed
1Bath
1,610Sqft
83,084Lot
Year Built
1923
Close
-
List price
$829K
Original List price
$925K
Price/Sqft
$515
HOA
$573
Days on market
-
Sold On
-
MLS number
25476721
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $829.0K(86th), sqft - 1610(91th), beds - 1(50th), baths - 1(50th).

BEST KEPT SECRET IN THE ARTS DISTRICT! Crisp and sophisticated loft defined by its dramatic scale, situated in the highly sought after Molino Street Lofts - in the center of Downtown LA's Arts District. A dapperly updated 1600 sqft space with original architectural elements that harken to its past industrial life. Newer kitchen, new stainless steel appliances, polished concrete floors, in-unit washer/dryer, towering black I-Beams, 12ft ceilings, and a huge picture window with a sneak peak of the Historic 4th St bridge. A short walk to the many Arts District restaurants, bars, coffee shops and boutiques; including Manuela at Hauser Wirth, SoHo Warehouse, Bavel, Bestia, Girl and The Goat, Kodo and Verve Coffee. Close to USC, SCI-Arc, Arts District dog park, and transportation. Come fall in love!

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.9mi
6/10
Hollenbeck Middle School
Public,•6-8•1.3mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•1.4mi
Condition Rating
Excellent
Despite being built in 1923, this loft has undergone a recent and extensive renovation, qualifying it as 'extensively renovated within 5 years.' The kitchen features new stainless steel appliances, modern flat-panel cabinetry, white countertops, and a subway tile backsplash. The bathroom is also fully updated with contemporary fixtures, a modern vanity, and subway tiling. Polished concrete floors throughout, modern lighting, and a new in-unit washer/dryer contribute to a virtually new interior, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Prime Arts District Location: Situated in the highly sought-after Molino Street Lofts, this property is in the heart of Downtown LA's Arts District, offering immediate access to numerous popular restaurants, bars, coffee shops, boutiques, and cultural venues.
Unique Industrial Loft Aesthetic: The loft boasts a dramatic scale with original architectural elements, towering black I-Beams, and 12ft ceilings, preserving its historic industrial character and offering a sophisticated urban living experience.
Modernized Interior & Amenities: The space features a newer kitchen with new stainless steel appliances, polished concrete floors, and the convenience of an in-unit washer/dryer, blending historic charm with contemporary comfort.
Generous Square Footage: With 1610 sqft for a 1-bedroom unit, the property offers exceptionally spacious living areas, providing ample room for various layouts and lifestyles, which is rare for urban lofts.
City & Historic View: A huge picture window provides a 'sneak peek' of the Historic 4th St bridge and city lights, adding a distinctive visual appeal and connection to the vibrant urban environment.

Cons

High Monthly Association Fee: The $573.0 monthly association fee is substantial, adding a significant recurring cost to ownership that potential buyers must factor into their budget.
Limited Bedroom Count: As a 1-bedroom, 1-bathroom unit, the property caters to a smaller buyer demographic, potentially limiting its appeal to individuals or couples and excluding those needing additional rooms or space.
Significant Price Reduction: The property has undergone a notable price reduction from its original list price of $925,000 to $829,000, which could suggest previous overpricing or slower market interest.

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