629 Traction Avenue 241, Los Angeles, California 90013, Los Angeles, 90013 - 2 bed, 2 bath
ACTIVE$799,000
629 Traction Avenue 241, Los Angeles, California 90013
2Beds
2Baths
1,240Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Arts District Location: Located in the famous Mura building, this condo is in the best part of DTLA's Arts District, offering excellent walkability to popular restaurants, cafés, shops, and cultural attractions like Hauser & Wirth.
Top Cons:
Significant Association Fee: Despite being described as 'low for this area,' the monthly association fee of $836.57 represents a substantial ongoing cost for ownership.
Compared to the nearby listings
Price:$799.0K vs avg $627.5K (+$171,500)73%
Size:1,240 sqft vs avg 1,055.5 sqft59%
Price/sqft:$644 vs avg $56073%
More Insights
Built in 2007 (18 years old).
Condition: Built in 2007, this property falls within the 10-20 year age range for a 'Good' rating. The listing explicitly mentions 'new flooring' and 'modern finishes,' which is strongly supported by the images. The kitchen features modern stainless steel appliances, granite countertops, and a custom island with beverage fridges, all appearing in excellent condition. Bathrooms are also updated with dual sinks, granite, and contemporary fixtures. The overall condition is move-in ready with no immediate renovations required, and systems like the two-zone HVAC are modern and functional. While not a brand-new build or extensively renovated within the last 5 years, its current state is well-maintained and highly appealing.
Year Built
2007
Close
-
List price
$799K
Original List price
$839K
Price/Sqft
$644
HOA
$836.57
Days on market
-
Sold On
-
MLS number
TR25230232
Home ConditionGood
Features
Good View: City Lights
Deck
Pool
Spa
ViewCity Lights
About this home
AMAZINGLY comfortable 2-bed & 2-bath condo with loft in the famous Mura building of Arts District living with high ceilings, open loft layout, and low HOA for this area in the best part of DTLA. This two-story unit lends modern finishes and industrial flair with new flooring, large windows, and an open layout flood the space with light. Kitchen features stainless appliances, granite counters, and a custom island with dual beverage fridges. Bedrooms on each level include walk-in closets; the upstairs primary offers a private bath with dual sinks. Loft works as an office, studio, or extra lounge. Extras: in-unit laundry, two-zone HVAC, private balcony, and 2 SIDE-by-SIDE assigned parking spots. Building amenities include 24-hour security, fitness center, pool, spa, and outdoor lounge with fireplace and BBQ. Close to popular restaurants, cafés, shops, the Metro Gold Line, Hauser & Wirth, Zinc, and Little Tokyo.
Nearby schools
4/10
Utah Street Elementary School
Public,•K-8•0.7mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•1.7mi
Price History
Date
Event
Price
08/30/12
Sold
$490,000
10/01/08
Sold
$459,000
Condition Rating
Good
Built in 2007, this property falls within the 10-20 year age range for a 'Good' rating. The listing explicitly mentions 'new flooring' and 'modern finishes,' which is strongly supported by the images. The kitchen features modern stainless steel appliances, granite countertops, and a custom island with beverage fridges, all appearing in excellent condition. Bathrooms are also updated with dual sinks, granite, and contemporary fixtures. The overall condition is move-in ready with no immediate renovations required, and systems like the two-zone HVAC are modern and functional. While not a brand-new build or extensively renovated within the last 5 years, its current state is well-maintained and highly appealing.
Pros & Cons
Pros
Prime Arts District Location: Located in the famous Mura building, this condo is in the best part of DTLA's Arts District, offering excellent walkability to popular restaurants, cafés, shops, and cultural attractions like Hauser & Wirth.
Comprehensive Building Amenities: The Mura building provides extensive amenities including 24-hour security, a fitness center, pool, spa, and an outdoor lounge with a fireplace and BBQ area.
Modern & Upgraded Interior: The unit boasts modern finishes, industrial flair, new flooring, large windows, an open layout, stainless steel appliances, granite counters, and a custom kitchen island with dual beverage fridges.
Desirable Unit Features: Key features include high ceilings, an open loft layout, two-zone HVAC, in-unit laundry, a private balcony, and the significant advantage of two side-by-side assigned parking spots.
Versatile Layout with Loft: This two-story, 2-bed/2-bath unit includes a flexible loft space that can serve as an office, studio, or additional lounge area, enhancing its functionality.
Cons
Significant Association Fee: Despite being described as 'low for this area,' the monthly association fee of $836.57 represents a substantial ongoing cost for ownership.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price, which could indicate initial overpricing or a need to attract buyers in the current market.
Urban Environment Drawbacks: While the Arts District location is a strength, living in a dense DTLA urban environment can inherently come with challenges such as higher noise levels, traffic, and density, which may not appeal to all buyers.