RealKey
‪(213) 433-7766‬

530 Molino Street 220, Los Angeles, California 90013, Los Angeles, 90013 - bed, 1 bath

530 Molino Street 220, Los Angeles, California 90013 home-pic-0
ACTIVE$799,000
530 Molino Street 220, Los Angeles, California 90013
0Bed
1Bath
1,080Sqft
83,084Lot
Year Built
1923
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$740
HOA
$530
Days on market
-
Sold On
-
MLS number
25503995
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $799.0K(73th), sqft - 1080(50th), beds - undefined(32th), baths - 1(50th).

Ask about Seller assisted financing and also available for unfurnished short term lease. If you're looking for a live/work loft in the heart of the Arts District, then I have exactly what you have been searching for. Concrete floors, a separate bedroom area, open kitchen, high ceilings, a 2-person bathtub, central air, washer/dryer, west facing on the 2nd floor, which is the top floor. 500 & 530 Molino Street lofts were built in 1923 and converted into live/work lofts in 2006 by RSA Architects. Get your pump on in the gym or bask in the sun from the rooftop sun deck. With laundry service and Amazon locker available you have convenience at your fingertips. This is a controlled access building with one assigned uncovered parking space. Downtown loft living is a vibe, is it your vibe? This building/unit is a rare find and steps away from all the Arts District has to offer. Girl and the Goat, Bavel, Verve, Zinc Cafe, Blue Bottle, Urth Cafe, and Bestia are just a handful of the places that are either directly across the street or a short walk away! And if you're craving some outdoor space, just down the street construction on the $60 million Sixth Street PARC began in the Fall of 2023. The project will include The Leonard Hill Arts Plaza performing space, public gathering areas, flexible play areas, sports fields and courts, picnic and grilling areas, parking spaces, skate park elements, bicycle and pedestrian paths, and picnic and grilling areas. Close to USC, SCI-Arc, Arts District dog park, and transportation.

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

Price History

Date
Event
Price
02/15/06
Sold
$395,000
Condition Rating
Good
This loft, originally built in 1923, underwent an extensive conversion in 2006, making its effective age for modern amenities and finishes 18 years. While this is slightly beyond the 5-15 year renovation window for 'Excellent,' the property's condition, as evidenced by the images, aligns well with 'Good.' The kitchen features stainless steel appliances, modern cabinetry, and clean countertops, appearing well-maintained and functional. The bathroom includes a contemporary vanity, a large 2-person soaking tub, and a separate glass-enclosed shower, all in good condition. Concrete floors throughout contribute to the modern loft aesthetic. Central air and in-unit washer/dryer are modern conveniences. The property is move-in ready with no immediate renovations required, and its major systems and finishes appear to be within their expected lifespan, showing minimal wear and tear.
Pros & Cons

Pros

Exceptional Arts District Location: Situated in the vibrant heart of the Arts District, offering unparalleled walkability to renowned restaurants, cafes, and cultural attractions.
Unique Live/Work Loft Appeal: Features a distinctive live/work zoning, concrete floors, high ceilings, and a separate bedroom area within a historically converted building (1923/2006).
Robust Building Amenities: Provides residents with a controlled access environment, on-site gym, rooftop sun deck, laundry service, and convenient Amazon locker access.
Future Neighborhood Enhancement: Benefits from proximity to the ongoing $60 million Sixth Street PARC development, promising significant local improvements and potential property value appreciation.
Modern Conveniences & Financial Flexibility: Includes central air, in-unit washer/dryer, a 2-person bathtub, and offers seller-assisted financing or short-term lease options.

Cons

Substantial Association Fees: The monthly association fee of $530 represents a notable ongoing cost for ownership.
Limited Parking Provision: Offers only one assigned, uncovered parking space, which may be inadequate for households with multiple vehicles or frequent guests in a dense urban setting.
Absence of Desirable Views: The unit explicitly lacks any significant views, potentially detracting from its appeal for buyers prioritizing scenic outlooks.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state