849 S Broadway #1 Ph, Los Angeles, California 90014, Los Angeles, 90014 - 2 bed, 3 bath

849 S Broadway  home-pic-0
ACTIVE$2,400,000
849 S Broadway #1 Ph, Los Angeles, California 90014
2Beds
3Baths
2,490Sqft
22,842Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Iconic Art Deco Architecture & History: Located in the prestigious Eastern Columbia Building, a prime example of Art Deco architecture, this historic penthouse was formerly owned by Johnny Depp, adding unique cachet and appeal.
Top Cons:
High Monthly Association Fees: The property carries a substantial monthly association fee of $1,991.17, which can impact affordability and overall cost of ownership.

Compared to the nearby listings

Price:$2.40M vs avg $412.0K (+$1,988,000)89%
Size:2,490 sqft vs avg 810 sqft89%
Price/sqft:$964 vs avg $53589%

More Insights

Built in 1930 (95 years old).
Condition: Despite the building's 1930 construction, this penthouse unit has clearly undergone an extensive, high-quality renovation. The description highlights a 'full kitchen with stylish stainless steel cabinetry and Viking appliances,' and the images showcase modern, luxurious bathrooms with sleek vanities, contemporary fixtures, and striking tile work (marble-look and checkered patterns). The living areas feature well-maintained wood floors and double-high ceilings, contributing to a modern, open feel. High-end Bosch laundry appliances are also present. All visible components appear new or virtually new, meeting current quality standards and indicating a recent, comprehensive renovation that aligns with the 'excellent' criteria for a fully renovated property.
Year Built
1930
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$964
HOA
$1,991.17
Days on market
-
Sold On
-
MLS number
SR25196606
Home ConditionExcellent
Features
Good View: City Lights
Pool
Spa
Patio
ViewCity Lights

About this home

Experience the ultimate in DTLA living in this prestigious and luxurious full-service historic building. Formerly owned by Johnny Depp. Building approved for Live/Work. This 2 bedroom 3 bathroom penthouse is located at the Eastern Columbia Building, a masterpiece that is considered to be the prime example of Art Deco architecture in downtown. The best of LA inside and out: amazing city views, two "side by side" secured indoor parking spaces and a prime location. Double high ceilings, open floor plan living area with wood floors, a large powder room, full kitchen with stylish stainless steel cabinetry and Viking appliances. The living area opens to a large private patio where you can entertain while enjoying the beauty of the tiles and bas-relief details of the building. The upstairs features two Large bedroom suites, each with striking views and sitting areas, generously sized bathrooms and large walk-in closets plus an in-unit laundry, additional to the building laundry facilities. Located below the iconic “Eastern” clock. You can consider that the building’s salt water pool, Gym, Spa, and fire pit are right there, in your “backyard” offering that extra space that will make you and your guests feel that you are on top of the world. The Eastern Columbia is a Mills Act–certified building, providing owners with significant annual property tax savings. The building offers full concierge service, security, secure dog area and exclusivity that is rarely available. A large dedicated storage room for the unit is included inside the building. Unit includes one parking space with an additional space avalable for lease from the building.

Nearby schools

5/10
Ninth Street School
Public,K-50.7mi
3/10
John H. Liechty Middle School
Public,6-81.2mi
3/10
Belmont Senior High School
Public,9-121.3mi

Price History

Date
Event
Price
09/20/10
Sold
$5,000,050
Condition Rating
Excellent

Despite the building's 1930 construction, this penthouse unit has clearly undergone an extensive, high-quality renovation. The description highlights a 'full kitchen with stylish stainless steel cabinetry and Viking appliances,' and the images showcase modern, luxurious bathrooms with sleek vanities, contemporary fixtures, and striking tile work (marble-look and checkered patterns). The living areas feature well-maintained wood floors and double-high ceilings, contributing to a modern, open feel. High-end Bosch laundry appliances are also present. All visible components appear new or virtually new, meeting current quality standards and indicating a recent, comprehensive renovation that aligns with the 'excellent' criteria for a fully renovated property.
Pros & Cons

Pros

Iconic Art Deco Architecture & History: Located in the prestigious Eastern Columbia Building, a prime example of Art Deco architecture, this historic penthouse was formerly owned by Johnny Depp, adding unique cachet and appeal.
Prime DTLA Penthouse & Views: Offering the ultimate in DTLA living, this penthouse boasts a prime location with amazing city views, double high ceilings, and an open floor plan.
Luxury Building Amenities & Services: Residents benefit from a full-service building featuring a saltwater pool, gym, spa, fire pit, full concierge service, 24/7 security, and a secure dog area.
Significant Property Tax Savings: As a Mills Act–certified building, owners receive substantial annual property tax savings, significantly reducing long-term ownership costs.
Premium Unit Features & Parking: The unit includes a full kitchen with Viking appliances, a large private patio, in-unit laundry, a dedicated storage room, and two secured indoor parking spaces, a rare commodity in DTLA.

Cons

High Monthly Association Fees: The property carries a substantial monthly association fee of $1,991.17, which can impact affordability and overall cost of ownership.
Significant Price Discrepancy: The current list price of $2.4M is considerably lower than its previous sale price of $5M in 2010, which may raise questions about market value fluctuations or past overvaluation.
Intense Urban Environment: While a prime DTLA location offers vibrancy, it also entails a dense urban environment with potential for noise, traffic, and limited green spaces, which may not appeal to all buyers.

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