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746 S Los Angeles Street 1201, Los Angeles, California 90014, Los Angeles, 90014 - 2 bed, 3 bath

746 S Los Angeles Street 1201, Los Angeles, California 90014 home-pic-0
ACTIVE$1,349,000
746 S Los Angeles Street 1201, Los Angeles, California 90014
2Beds
3Baths
1,760Sqft
38,319Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unique Penthouse Design: This two-story rooftop penthouse boasts 20-foot vaulted ceilings, offering a distinct and luxurious living experience unique to Downtown LA.
Top Cons:
High Monthly Association Fees: The association fee of $1282.00 per month is substantial and adds significantly to the overall cost of ownership.

Compared to the nearby listings

Price:$1.35M vs avg $412.0K (+$937,000)89%
Size:1,760 sqft vs avg 810 sqft78%
Price/sqft:$766 vs avg $53589%

More Insights

Built in 1922 (103 years old).
Condition: Despite being built in 1922, this penthouse has undergone an extensive, high-quality renovation. The kitchen features modern stainless steel appliances, stone counters, and custom Italian cabinetry, all in excellent condition. The Brazilian mahogany wood floors are pristine throughout. The bathroom also showcases contemporary design with modern vanity and tiling. The overall aesthetic is fresh, stylish, and appears virtually new, indicating a recent and thorough renovation that meets current quality standards.
Year Built
1922
Close
-
List price
$1.35M
Original List price
$1.4M
Price/Sqft
$766
HOA
$1,282
Days on market
-
Sold On
-
MLS number
25557077
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Panoramic
Deck
ViewCity Lights,Mountain(s),Panoramic

About this home

The Cornell Penthouse, located in the vibrant Fashion District, sits atop the historic Santee Cornell building and is one of the most tasteful and unique penthouses in Downtown LA. This private two-story rooftop penthouse is complete with 20-foot vaulted ceilings and panoramic views from every window of the downtown skylines, San Gabriel Mountains, and Palos Verdes. The penthouse offers two private outdoor terraces, accessible from the kitchen and from both bedrooms. The kitchen features a breakfast bar, Brazilian mahogany wood floors, stainless steel appliances, stone counters, and custom Italian cabinetry. The building amenities include a 24-hour courtesy patrol and controlled access underground parking with your own 2-car parking space. Pool, Gym, Spa, Basketball Court, and rooftop spas are just a short walk away. Plus, the 'Mills Act' qualifies you for significant property tax savings. A must-see.

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

Price History

Date
Event
Price
02/11/25
Sold
$1,325,000
06/30/17
Sold
$1,350,000
Condition Rating
Excellent
Despite being built in 1922, this penthouse has undergone an extensive, high-quality renovation. The kitchen features modern stainless steel appliances, stone counters, and custom Italian cabinetry, all in excellent condition. The Brazilian mahogany wood floors are pristine throughout. The bathroom also showcases contemporary design with modern vanity and tiling. The overall aesthetic is fresh, stylish, and appears virtually new, indicating a recent and thorough renovation that meets current quality standards.
Pros & Cons

Pros

Unique Penthouse Design: This two-story rooftop penthouse boasts 20-foot vaulted ceilings, offering a distinct and luxurious living experience unique to Downtown LA.
Exceptional Panoramic Views: The property provides stunning panoramic views of downtown skylines, the San Gabriel Mountains, and Palos Verdes from every window.
Premium Building Amenities: Residents benefit from extensive amenities including a pool, gym, spa, basketball court, rooftop spas, 24-hour courtesy patrol, and controlled access 2-car underground parking.
Significant Tax Benefits: The property qualifies for the 'Mills Act', offering substantial property tax savings due to its historic designation.
Private Outdoor Spaces: Features two private outdoor terraces accessible from the kitchen and both bedrooms, providing valuable and rare outdoor living space in an urban setting.

Cons

High Monthly Association Fees: The association fee of $1282.00 per month is substantial and adds significantly to the overall cost of ownership.
Historic Building Considerations: Built in 1922, the historic nature of the building, while charming, may imply potential for older infrastructure or higher maintenance costs for common areas over time.
Downtown Urban Environment: Located in the dense Fashion District, the property is subject to typical urban drawbacks such as noise, traffic, and a lack of traditional suburban green space.

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