629 Traction #257, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
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Los Angeles, California 90013
This Turnkey Arts District Condo represents a Prime Investment Opportunity, listed at $655,000—positioned well below the $668,664 Fair Market Value by 2%. This valuation gap offers $13,664 in Instant Equity. Featuring a Condition Rating of 3, the unit includes two secured parking spaces, a private storage room, and access to a resort-style pool and spa. With its central location near world-class dining, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a vibrant urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 629 Traction #257 Subject | $655,000* List Price | 1 | 1 | 980 | $682 | - |
A 629 Traction Avenue 241 Sold | $750,000 | 2 | 2 | 1,240 | $605 | 0.0 mi |
B 530 S Hewitt Street 154 Sold | $635,000 | 1 | 1 | 970 | $655 | 0.4 mi |
C 527 Molino Street 217 Sold | $650,000 | 1 | 1 | 910 | $714 | 0.4 mi |
D 629 Traction Avenue 312 Active | $588,000 List Price | 1 | 1 | 710 | $828 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, the property falls within the 10-20 year age bracket. It is well-maintained and move-in ready, featuring recent cosmetic updates including brand-new carpet and fresh interior paint. While the bathroom appears to have original 2007 finishes, the overall condition is functional and clean.
The inclusion of two secured parking spaces and a large private storage room on the same floor is a rare and highly valuable asset in the Arts District, where parking is typically limited.
The property is situated in the heart of LA's most vibrant cultural hub, offering immediate proximity to world-class dining and entertainment such as Bestia, Bavel, and Soho Warehouse.
Eligibility for a $25,000 grant provides a significant financial advantage for qualified buyers, making this move-in-ready condo a more accessible entry point into a premium neighborhood.
The monthly association fee of $837.42 is substantial for a one-bedroom unit, which may impact the debt-to-income ratio for some buyers and increase overall monthly expenses.
As a first-floor unit facing the pool and courtyard, the residence may experience higher noise levels and reduced privacy compared to units on higher floors within the complex.
ELIGIBLE FOR 25K GRANT AND 2 PARKING SPOTS !!!! This DTLA Condo is one you don't want to miss !! This first-floor pool-view residence at Mura delivers the ultimate Arts District lifestyle — where modern architecture, resort amenities and the most exciting culinary & creative scene in LA all converge at your front door. Open your slider and step out to serene views of the sparkling pool and lush courtyard — it feels like a private resort escape right in the middle of the city. Inside, the home has just been refreshed with brand-new carpet and fresh interior paint, creating a clean, elevated and move-in ready space. The layout flows effortlessly from the kitchen and dining area into the living room and out to your patio — the perfect setting for daily living or hosting. The bedroom features new carpet and a walk-in closet. A huge bonus — this one-bedroom includes TWO secured parking spaces and a large private storage room on the same floor. In the Arts District, that is almost impossible to find. Mura itself is one of Downtown’s most desirable communities — secure, modern, meticulously maintained — offering 24/7 gated security, guard-attended entry, a resort pool + spa, multiple courtyard lounges, BBQ areas, sundeck, and a full fitness center. And then there’s the neighborhood. Within a few blocks: Bestia, Bavel, Girl & The Goat, Hauser & Wirth, Soho Warehouse, Zinc Café, Blue Bottle, Salt & Straw — the list of world-class dining, nightlife, art and design is endless. This isn’t just a home — it is access to the very center of LA’s most culturally electric district. ***some photos have been virtually enhanced , actual space may differ slightly from photos***Grant has buyer specifications to qualify
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 980 | 1,140 | 47% |
| Lot Size | 91,271 | 30,796 | 88% |
| Price | $655.0K | $655.0K | 50% |
| Price per sq ft | $668 | $605 | 76% |
| Built year | 2007 | 1923 | 71% |
| HOA | $837.42 | $588 | 76% |
| Days on market | 21 | 214 | 6% |
May 26, 2026
$655,000
Initial Listing
Mar 18, 2013
$410,000
Public Record
Jan 5, 2009
$368,000
Public Record