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746 S Los Angeles Street 1001, Los Angeles, California 90014, Los Angeles, 90014 - bed, 1 bath

746 S Los Angeles Street 1001, Los Angeles, California 90014 home-pic-0
ACTIVE$498,000$872/sqft
746 S Los Angeles Street 1001, Los Angeles, California 90014
0Bed
1Bath
872Sqft
38,308Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Panoramic City & Mountain Views: The property boasts 180-degree unobstructed views of downtown Los Angeles and the San Gabriel mountains from two walls of original steel-frame casement windows, providing abundant natural light and a captivating backdrop.
Top Cons:
High Monthly HOA Dues: The association fee of $942.00 per month, while inclusive of many utilities and amenities, represents a significant ongoing cost that could impact affordability and buyer interest.

Compared to the nearby listings

Price:$498.0K vs avg $428.5K (+$69,500)63%
Size:872 sqft vs avg 810 sqft63%
Price/sqft:$571 vs avg $55350%

More Insights

Built in 1922 (104 years old).
Condition: Despite the 1922 build year, this unit has been extensively and recently renovated to a high standard. The kitchen features modern stainless steel Bosch appliances, contemporary wood cabinetry, and a stylish glass backsplash. The bathroom is also modern with an oversized soaking tub, updated vanity, and a dual washer/dryer combo. Custom hardwood floors, central A/C and heat, and custom overhead lighting throughout the unit indicate a comprehensive and high-quality renovation, making it virtually new in terms of its interior components and style.
Year Built
1922
Close
-
List price
$498K
Original List price
$498K
Price/Sqft
$571
HOA
$942
Days on market
-
Sold On
-
MLS number
P1-25343
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s)
Pool
Spa
ViewCity Lights,Mountain(s)

About this home

Views, Views, Views - and with On-Site Parking! Welcome to the historic Cornell Building within the Fashion District's Santee Village. Located on the 10th floor, just below the top floor and penthouse, this open artist's studio features a gorgeous industrial design with 10ft ceilings, custom hardwood floors and a prime corner building location for maxim privacy and use of space. Two walls of original steel-frame casement windows showcase an abundance of natural light and the beauty of downtown with 180-degree unobstructed views of the city, and even the San Gabriel mountains on a clear day. Enjoy preparing meals in the modern kitchen featuring stainless steel Bosch appliances and accented by gorgeous wood cabinetry. The bathroom features an oversized soaking tub, additional storage space and includes a dual operating washer/dryer combo appliance. Additional features include custom overhead lighting, central A/C and Heat, and highly coveted & convenient On-Site parking for one car inside the building's parking garage at the basement level. Lastly, this live/work building qualifies under the Mills Act, providing significant property tax savings for its owners.The Santee Village offers a wide range of communal amenities such as a roof top pool and spas, basketball court, golf driving range, BBQ areas, fitness center, 24hr on-site security, and local market & food establishments within the village courtyard. The HOA also covers water, gas, sewer, trash, and the subterranean parking. Centrally located and minutes to Pershing Square, The Broadway Corridor, bars, shops & restaurants including the famed Sonoratown and the Tower Theatre flagship Apple Retail Store, Santee Village is downtown LA living at its best!

P
Paul Villegas
Listing Agent

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.5mi
4/10
John Adams Middle School
Public,•6-8•1.8mi
5/10
Santee Education Complex
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.2mi
Condition Rating
Excellent
Despite the 1922 build year, this unit has been extensively and recently renovated to a high standard. The kitchen features modern stainless steel Bosch appliances, contemporary wood cabinetry, and a stylish glass backsplash. The bathroom is also modern with an oversized soaking tub, updated vanity, and a dual washer/dryer combo. Custom hardwood floors, central A/C and heat, and custom overhead lighting throughout the unit indicate a comprehensive and high-quality renovation, making it virtually new in terms of its interior components and style.
Pros & Cons

Pros

Panoramic City & Mountain Views: The property boasts 180-degree unobstructed views of downtown Los Angeles and the San Gabriel mountains from two walls of original steel-frame casement windows, providing abundant natural light and a captivating backdrop.
Mills Act Property Tax Savings: As a live/work building qualifying under the Mills Act, owners benefit from significant property tax savings, enhancing the long-term financial appeal of the investment.
Extensive Santee Village Amenities & Services: Residents enjoy a wide array of communal amenities including a rooftop pool and spas, basketball court, golf driving range, BBQ areas, fitness center, 24-hour security, and on-site market/food establishments. HOA also covers water, gas, sewer, trash, and subterranean parking.
Prime Downtown LA Location with On-Site Parking: Centrally located in the Fashion District's Santee Village, the property offers excellent walkability to major attractions, dining, and shopping, complemented by highly coveted and convenient on-site parking for one car.
Historic Industrial Design with Modern Comforts: Housed in the historic Cornell Building, the unit features a gorgeous industrial design with 10ft ceilings, custom hardwood floors, a modern kitchen with Bosch appliances, central A/C and Heat, blending character with contemporary living.

Cons

High Monthly HOA Dues: The association fee of $942.00 per month, while inclusive of many utilities and amenities, represents a significant ongoing cost that could impact affordability and buyer interest.
Open Artist's Studio Layout: The 'open artist's studio' configuration, while appealing to some, lacks traditional bedroom separation, which may limit its appeal to buyers seeking distinct private living spaces or a more conventional layout.
Limited Square Footage: With 872 square feet, the unit offers a compact living space, which might be considered small for some buyers, potentially impacting its versatility or long-term suitability as a primary residence.
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