645 W 9th Street 723, Los Angeles, California 90015, Los Angeles, 90015 - 0 bed, 1 bath
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645 W 9th Street 723
Los Angeles, California 90015
ACTIVE
CONDITION: GOOD
0Beds
1Baths
650Sq Ft
74,742Lot Size
Property Price
LIST PRICE$409,000
EST. MARKET VALUE
$396,230
3% AboveMARKET VALUE
SUMMARY
This Penthouse Studio Loft represents a Strong Value Opportunity, listed at $409,000—positioned well below the $396,231 Fair Market Value by -3%. While the list price is slightly above market, the property offers a Good Condition Rating and premium lifestyle features, including floor-to-ceiling windows, private balcony, and resort-style amenities. Located in the heart of DTLA, this unit provides immediate access to transit and urban conveniences. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, high-character urban residence.
Estimated Market Value
$396,230
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 645 W 9th Street 723 Subject 0 bd · 1 ba · 650 sqft · $610 | $409,000* List Price | 0 | 1 | 650 | $610 | - |
A 901 S Flower Street 714 Sold 1 bd · 1 ba · 910 sqft · $582 · 0.1 mi | $530,000 | 1 | 1 | 910 | $582 | 0.1 mi |
B 939 S Broadway 404 Sold 1 bd · 1 ba · 750 sqft · $590 · 0.3 mi | $442,825 | 1 | 1 | 750 | $590 | 0.3 mi |
C 645 W 9th Street 406 Sold 1 bd · 1 ba · 754 sqft · $511 | $385,000 | 1 | 1 | 754 | $511 | - |
D 717 W Olympic Boulevard 908 Active 1 bd · 1 ba · 777 sqft · $589 · 0.2 mi | $458,000 List Price | 1 | 1 | 777 | $589 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006, this 18-year-old property falls within the 10-20 year range for a 'Good' rating. The unit is well-maintained and move-in ready, featuring an updated kitchen with modern quartz countertops, sleek cabinetry, and stainless steel appliances. Systems like the in-unit laundry and HVAC appear functional and consistent with the building's age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of DTLA with a Ralphs downstairs and proximity to L.A. Live and Metro, offering unparalleled walkability and convenience for city living.
- Penthouse Views & Character
This top-floor unit features floor-to-ceiling windows, a private balcony with park views, and authentic loft details like soaring concrete ceilings and exposed ductwork.
- Comprehensive Building Amenities
Residents benefit from resort-style perks including a pool, fitness center, and theater room, plus the high-value inclusion of a dedicated parking space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =74742, other record lot size in square feet = 74818.
- High Carrying Costs
The monthly association fee of $955 is substantial for a 650-square-foot studio, significantly impacting the overall monthly affordability and investor yield.
- Compact Studio Layout
The limited square footage and open-concept studio design offer minimal privacy and storage, which may restrict the pool of potential long-term residents.
About 645 W 9th Street 723
Live above it all in this top-floor penthouse studio loft with one bath at the iconic Market Lofts. Floor-to-ceiling windows open to a private balcony with open views over the treetops of Grand Hope Park and the downtown skyline, and natural light fills the whole home. Wide-plank hardwood floors, soaring concrete ceilings and exposed ductwork give it true loft character. The updated kitchen features rich sleek black cabinetry, quartz countertops, under-cabinet lighting, stainless appliances and a gas range. A separate sleeping area offers privacy without losing the open feel. Includes in-unit washer/dryer and one covered parking space. Resort-style amenities include a pool, spa, fitness center, theater room, community room, Amazon Hub and a secure lobby. Ralphs is downstairs, Whole Foods is a block away, and you're moments from FIDM, L.A. Live, Crypto.com Arena and the 7th Street/Metro Center station. Penthouse living in the heart of DTLA at this price is a rare find!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2006
- Lot Size
- 74,742 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $955.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Tenth Street Elementary School
Grades K-5 • 0.8 mi
2/10
John H. Liechty Middle School
Grades 6-8 • 0.9 mi
3/10
Belmont Senior High School
Grades 9-12 • 1.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 650 | 1,252.996 |
| Lot Size | 74,742 | 26,029.603 |
| Price | $409.0K | $778.5K |
| Price per sq ft | $629 | $629 |
| Built year | 2006 | 1981 |
| HOA | $955.0 | $676 |
| Days on market | 11 | 74 |
Pricing History
Listed for Sale
Oct 29, 2026
$409,000
Initial Listing
Sold
May 3, 2016
$491,500
Public Record
Sold
Sep 25, 2007
$488,000
Public Record