530 S Hewitt Street 533, Los Angeles, California 90013, Los Angeles, 90013 - bed, 2 bath

530 S Hewitt Street 533, Los Angeles, California 90013 home-pic-0
ACTIVE$1,395,000
530 S Hewitt Street 533, Los Angeles, California 90013
0Bed
2Baths
1,720Sqft
39,348Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Arts District Location & Views: Penthouse unit in the desirable Barker Block, offering stunning, unobstructed DTLA city views from 16 ft high windows, situated in the vibrant Arts District with excellent walkability to cafes, parks, and public transit.
Top Cons:
High Association Fee: The monthly association fee of $785.18 is substantial and represents a significant ongoing cost for ownership.

Compared to the nearby listings

Price:$1.40M vs avg $627.5K (+$767,500)95%
Size:1,720 sqft vs avg 1,055.5 sqft91%
Price/sqft:$811 vs avg $56086%

More Insights

Built in 1920 (105 years old).
Condition: Despite the 1920 build year, this penthouse loft has undergone a comprehensive, high-end renovation, evident in the modern gourmet kitchen with stainless steel appliances and Caesarstone countertops, and the two large, stylishly updated bathrooms featuring contemporary fixtures and finishes. The hardwood floors throughout are pristine, and the overall aesthetic, including modern light fixtures and exposed industrial elements, is current and in excellent condition with no visible wear or deferred maintenance. The property appears virtually new inside, meeting current quality standards.
Year Built
1920
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$811
HOA
$785.18
Days on market
-
Sold On
-
MLS number
25622991
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights

About this home

Rare Penthouse live/work loft at Barker Block in the Arts District with stunning DTLA views. With 16 ft high windows with unobstructed city views, this unit provides an unparalleled living experience and could also be utilized as a unique work space. Custom built-in cabinets & bookshelves, hardwood floors throughout, a unique mirrored wall, century-old wood posts & beams and heavy timber ceilings reaching approx 21 ft. The central piece of this space is the open gourmet kitchen w/ SS appliances & Caesarstone countertops, large pantry, and comes with plenty of storage. There are also 2 large bathrooms, one with a built-in washer/ dryer unit. Since this space is a L-shaped floor plan, many lay-outs are possible. Adding a mezzanine is one of those possibilities as well and could create additional live/work space.The building features 24/7 security and front desk, free common area wifi, outdoor lounge with firepit, a stunning resort-style rooftop heated pool with spa and BBQ areas. The fitness center can also be found on the rooftop and provides a working out experience with the best DTLA views! The unit comes with 2 covered parking spaces conveniently located on the fifth floor as well as a storage unit. Lastly the location provides one of the (if not the) best experiences of living in the Arts District. Across from Urth Caffe, the Arts District Park & the LA Cleantech Incubator. It is a short distance to SCIArc, Little Tokyo, Goldline, DASH bus, Zinc Cafe, Urban Radish, Verve cafe, the local dog park and more. Close to public transit and freeways. It's the best of two worlds colliding in a very stylish penthouse unit. Come see for yourself.

Price History

Date
Event
Price
11/14/18
Sold
$1,410,000
Condition Rating
Excellent

Despite the 1920 build year, this penthouse loft has undergone a comprehensive, high-end renovation, evident in the modern gourmet kitchen with stainless steel appliances and Caesarstone countertops, and the two large, stylishly updated bathrooms featuring contemporary fixtures and finishes. The hardwood floors throughout are pristine, and the overall aesthetic, including modern light fixtures and exposed industrial elements, is current and in excellent condition with no visible wear or deferred maintenance. The property appears virtually new inside, meeting current quality standards.
Pros & Cons

Pros

Prime Arts District Location & Views: Penthouse unit in the desirable Barker Block, offering stunning, unobstructed DTLA city views from 16 ft high windows, situated in the vibrant Arts District with excellent walkability to cafes, parks, and public transit.
Unique Architectural Features & High Ceilings: Features include century-old wood posts & beams, heavy timber ceilings reaching approximately 21 ft, custom built-in cabinets & bookshelves, and hardwood floors throughout, providing a distinctive loft aesthetic.
Versatile Live/Work Space with Expansion Potential: Designated as a rare live/work loft with an L-shaped floor plan allowing for flexible layouts, and the significant potential to add a mezzanine for additional living or working space.
Premium Building Amenities: Residents benefit from 24/7 security and front desk, a resort-style rooftop heated pool, spa, BBQ areas, an outdoor lounge with a firepit, and a rooftop fitness center with city views.
Convenient Parking & Storage: The unit includes two covered parking spaces conveniently located on the fifth floor, along with a dedicated storage unit, adding significant value and practicality.

Cons

High Association Fee: The monthly association fee of $785.18 is substantial and represents a significant ongoing cost for ownership.
Price History Below Previous Sale: The current list price of $1.395M is slightly below its last recorded sale price of $1.41M in 2018, which may suggest a lack of appreciation or a market adjustment.
Lack of Private Outdoor Space: While the building offers extensive common outdoor amenities, the unit description does not mention a private balcony or patio, which some buyers may desire in a penthouse.

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