800 W 1st Street 908, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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Los Angeles, California 90012
This property presents a High-Potential Investment Opportunity with a List Price of $549,000—positioned well above the $421,438 Fair Market Value by -30%. While the unit requires a full renovation, its Fair Condition Rating and 1,172-square-foot layout in Bunker Hill Towers offer significant value-add potential. Residents benefit from full-service amenities, including a pool, spa, and 24-hour security. Given the high HOA fees and necessary capital improvements, this asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive modernization project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 800 W 1st Street 908 Subject | $549,000* List Price | 2 | 2 | 1,172 | $360 | - |
A 880 W 1st St 304 Sold | $440,000 | 2 | 2 | 1,323 | $333 | 0.0 mi |
B 121 S Hope 428 Active | $599,950 List Price | 2 | 2 | 1,253 | $479 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1968 and appears to be in mostly original condition. The kitchen features dated tile countertops and older appliances, while the bathrooms show original tiling and fixtures. The listing description explicitly states the unit is 'ready for updates' and advises buyers to 'bring your contractor,' indicating a need for a full rehab rather than minor repairs.
Situated in the heart of Bunker Hill, the property is steps away from world-class landmarks like the Walt Disney Concert Hall, The Broad, and Grand Park, offering an unparalleled urban lifestyle.
Residents enjoy a robust suite of amenities including 24-hour security, concierge services, tennis courts, a pool, and fitness centers, ensuring a high-end and secure living experience.
With a generous 1,172-square-foot layout and a competitive entry price for the area, this unit serves as an ideal blank canvas for buyers to customize finishes and build immediate equity.
The monthly HOA fee of $1,754 is notably high, which may impact buyer affordability and reduce the pool of qualified applicants sensitive to recurring expenses.
The property is in need of updates and modernization, requiring the buyer to have additional liquid capital and the willingness to manage a construction project upon move-in.
Welcome to Unit 908 at Bunker Hill Towers, a wonderful opportunity to create your own space in the heart of Downtown Los Angeles. This 1,172-square-foot residence offers a desirable floor plan, good natural light, and nice city views.The unit is ready for updates and offers strong potential for a buyer looking to customize a home to their own taste. With its generous layout and attractive price point, this is a great opportunity in one of DTLA's established full-service buildings.Residents enjoy 24-hour security and concierge service, pool, spa, tennis courts, fitness centers, playground, barbecue areas, guest parking, and the convenience of HOA dues that include many building services and utilities.Ideally located near Walt Disney Concert Hall, The Broad, The Music Center, Grand Park, the Financial District, and Downtown dining and entertainment, Unit 908 offers location, lifestyle, and opportunity.Bring your contractor, your imagination, and your vision to this residence with excellent potential.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,172 | 1,243 |
| Lot Size | 106,193 | 24,016 |
| Price | $549.0K | $805.6K |
| Price per sq ft | $468 | $659 |
| Built year | 1968 | 1981 |
| HOA | $1754.0 | $684 |
| Days on market | 13 | 71 |
Jul 9, 2026
$549,000
Initial Listing