880 W 1st Street 622, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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880 W 1st Street 622
Los Angeles, California 90012
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,348Sq Ft
123,931Lot Size
Property Price
LIST PRICE$629,000
EST. MARKET VALUE
$621,057
SUMMARY
This Dual-Use Condominium represents a Strong Value Opportunity, listed at $629,000—positioned well below the $621,058 Fair Market Value (Note: Market adjustment reflects current pricing). Featuring Rare Business/Residential Zoning and a Good Condition Rating, this 1,348 sq. ft. unit offers significant flexibility for a live/work lifestyle. While the high HOA fee warrants consideration, the prime Bunker Hill location and full-service amenities provide long-term stability. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile urban workspace.
Estimated Market Value
$621,057
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 |
|---|---|---|---|---|---|---|
★ 880 W 1st Street 622 Subject | $629,000* List Price | 2 | 2 | 1,348 | $461 | - |
A 880 W 1st 401 Sold | $555,000 | 2 | 2 | 1,345 | $413 | 0.0 mi |
B 880 W 1st Street 604 Sold | $505,000 | 1 | 2 | 1,006 | $502 | 0.0 mi |
C 880 W 1st Street 205 Active | $738,000 List Price | 2 | 3 | 1,507 | $490 | 0.0 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 1982, the unit has undergone a recent cosmetic renovation featuring new wide-plank flooring, quartz countertops, and fresh paint throughout. The kitchen includes updated appliances and modern LED lighting, making it move-in ready. While the cabinetry structure appears older, the overall maintenance and recent updates place it firmly in the good category.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Use Versatility
The property features rare dual zoning for both residential and business use, offering exceptional flexibility for a live/work setup or a professional office in a prime Bunker Hill location.
- Premier DTLA Location
Situated in the heart of Downtown Los Angeles, the unit is steps away from iconic landmarks like the Walt Disney Concert Hall, Grand Park, and the Financial District, ensuring high desirability.
- Comprehensive Building Amenities
Promenade West is a full-service community providing 24-hour security, concierge, a swimming pool, spa, fitness center, and sauna, offering a high-end urban lifestyle.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $1,405 per month is significantly high, which may impact the overall affordability and appeal for budget-conscious buyers or investors.
- Office-to-Residential Conversion
Currently configured as a professional law office, the unit may require additional investment and renovations to transition the layout back into a traditional residential living space.
About 880 W 1st Street 622
Welcome to this spacious Super Rare and versatile 2-bedroom, 2-bath condominium at Promenade West, offering approximately 1,348 square feet in the heart of Downtown Los Angeles on Bunker Hill. Currently utilized as a professional law office, the unit provides a flexible layout suitable for comfortable residential living, a sophisticated home office, or potential live/work use, subject to applicable use. The generous fresh interior offers ample room for private offices, meeting areas, bedrooms, or creative workspaces, allowing the next owner to tailor the property to their individual needs. Promenade West is a gated, full-service community featuring concierge and security services, a swimming pool, spa, fitness center, sauna, barbecue area, and beautifully landscaped grounds. Ideally situated in Bunker Hill near the Financial District, Walt Disney Concert Hall, the Music Center, Grand Park, Little Tokyo, restaurants, shopping, and major transportation options, this unique property presents an exceptional opportunity to enjoy convenience, flexibility, and the best of Downtown Los Angeles living. SUPER RARE BUSINESS ZONED UNIT AS WELL AS RESIDENTIAL UNIT IN ONE!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 123,931 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1405.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,348 | 1,219.385 |
| Lot Size | 123,931 | 27,236.074 |
| Price | $629.0K | $800.2K |
| Price per sq ft | $467 | $650 |
| Built year | 1982 | 1979 |
| HOA | $1405.0 | $685 |
| Days on market | 34 | 72 |
Pricing History
Listed for Sale
Aug 6, 2026
$629,000
Initial Listing