500 Molino Street 114, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
ACTIVE$760,000
500 Molino Street 114, Los Angeles, California 90013
1Bed
1Bath
1,610Sqft
83,084Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Arts District Location: Situated in the highly sought-after Molino Street Lofts, this property offers unparalleled walkability to Downtown LA's vibrant Arts District, including renowned restaurants, bars, coffee shops, boutiques, and cultural institutions like Hauser Wirth, Bavel, and Bestia, plus proximity to USC and transportation.
Top Cons:
High Monthly Association Fee: The $573.0 monthly association fee represents a significant recurring cost that potential buyers must factor into their budget, potentially impacting affordability.
Compared to the nearby listings
Price:$760.0K vs avg $627.5K (+$132,500)68%
Size:1,610 sqft vs avg 1,055.5 sqft91%
Price/sqft:$472 vs avg $54723%
More Insights
Built in 1923 (102 years old).
Condition: Despite being built in 1923, the listing explicitly states the loft is 'dapperly updated' with a 'newer kitchen' and 'new stainless steel appliances.' The images confirm a comprehensive and recent renovation, showcasing polished concrete floors, modern flat-panel kitchen cabinetry, contemporary stainless steel appliances, updated light fixtures, and a stylish, modern bathroom with subway tiles and a vessel sink. All visible components appear new or virtually new, reflecting current quality standards and a high level of finish, consistent with an extensive recent renovation.
Year Built
1923
Close
-
List price
$760K
Original List price
$799K
Price/Sqft
$472
HOA
$573
Days on market
-
Sold On
-
MLS number
25535949
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights
About this home
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, the listing explicitly states the loft is 'dapperly updated' with a 'newer kitchen' and 'new stainless steel appliances.' The images confirm a comprehensive and recent renovation, showcasing polished concrete floors, modern flat-panel kitchen cabinetry, contemporary stainless steel appliances, updated light fixtures, and a stylish, modern bathroom with subway tiles and a vessel sink. All visible components appear new or virtually new, reflecting current quality standards and a high level of finish, consistent with an extensive recent renovation.
Pros & Cons
Pros
Prime Arts District Location: Situated in the highly sought-after Molino Street Lofts, this property offers unparalleled walkability to Downtown LA's vibrant Arts District, including renowned restaurants, bars, coffee shops, boutiques, and cultural institutions like Hauser Wirth, Bavel, and Bestia, plus proximity to USC and transportation.
Distinctive Industrial Loft Aesthetic: The loft boasts a dramatic scale with original architectural elements, towering black I-Beams, 12ft ceilings, and polished concrete floors, preserving its unique industrial heritage and offering a sophisticated urban living experience.
Modernized Interior & Amenities: Featuring a newer kitchen with new stainless steel appliances and a convenient in-unit washer/dryer, the space has been dapperly updated to blend historic charm with contemporary functionality and comfort.
Expansive Open-Concept Living: With 1610 sqft, this loft provides a remarkably generous and open living space, offering flexibility for various layouts and a sense of grandeur uncommon for a 1-bedroom unit.
Historic Building Appeal & Views: Located in the iconic Molino Street Lofts, the property benefits from the building's character and offers a 'City Lights' view, including a sneak peek of the Historic 4th St bridge, adding to its unique appeal.
Cons
High Monthly Association Fee: The $573.0 monthly association fee represents a significant recurring cost that potential buyers must factor into their budget, potentially impacting affordability.
Limited Bedroom Configuration: Despite its substantial 1610 sqft, the property is configured as a 1-bedroom, which may not suit buyers requiring multiple private sleeping areas or more traditional room separation.
Urban Environment Considerations: While offering vibrant city living, the Downtown LA Arts District location can present typical urban challenges such as potential noise levels, traffic congestion, and the common need for dedicated parking solutions (not explicitly mentioned but often a concern in such areas).