880 W 1st 401, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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Los Angeles, California 90012
This Renovated Bunker Hill Residence is a High-Potential Investment Opportunity, listed at $589,999—positioned well below the $662,447 Fair Market Value by 10%. This valuation gap offers $72,448 in Instant Equity for buyers. Boasting an Excellent Condition Rating, the interior features a modern kitchen with GE Café appliances and custom office built-ins designed for remote work. Located in the Los Angeles Unified district, the full-service building offers a pool, spa, and 24-hour security. This is an ideal match for urban professionals or Owner-Occupants seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 880 W 1st 401 Subject | $589,999* List Price | 2 | 2 | 1,345 | $493 | - |
A 880 W 1st Street 309 Sold | $515,000 | 2 | 2 | 1,217 | $423 | - |
B 925 W College Sold | $698,000 | 4 | 3 | 1,450 | $481 | 0.8 mi |
C 903 New Depot Street 5 Sold | $545,000 | 4 | 3 | 1,267 | $430 | 0.7 mi |
D 121 S Hope Street 431 Active | $708,000 List Price | 2 | 2 | 1,252 | $565 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1982, the unit has undergone extensive recent renovations within the last 5 years. It features a modern kitchen with high-end GE Café stainless steel appliances, a Kalamera wine cooler, and custom cabinetry. The interior is move-in ready with recessed lighting, premium custom built-ins for office spaces, and updated flooring throughout, meeting current luxury standards.
Situated in the prestigious Bunker Hill District, this property offers walking-distance access to world-class cultural landmarks including the Walt Disney Concert Hall, The Broad, and Grand Park.
The unit is move-in ready with high-end GE Café appliances and extensive custom built-ins, including a dedicated office workspace and primary bedroom storage, catering perfectly to a modern work-from-home lifestyle.
Promenade West provides a full-service experience with 24-hour security, a fitness center, pool, and lushly landscaped gardens with waterfalls, offering a serene retreat within the urban center.
The association fee of $1,376.39 per month is substantial and may impact the overall affordability and debt-to-income ratio for potential buyers.
Constructed in 1982, the building may lack some of the modern energy-efficient systems and contemporary architectural aesthetics found in the newer luxury high-rises nearby.
Located in the prestigious Bunker Hill District in the heart of Downtown Los Angeles, this move-in ready residence at Promenade West offers refined urban living with breathtaking skyline views and resort-style amenities. This beautifully updated 2-bedroom, 2-bathroom condo spans 1,345 square feet and features an open-concept layout filled with natural light and stunning city views from every room. The residence boasts a private balcony with true Downtown skyline views, showcasing iconic skyscrapers and serene park-like settings. The updated kitchen is designed for both style and functionality, featuring GE Café stainless steel appliances, Kalamera wine cooler, and a customized pantry, seamlessly flowing into the spacious living and dining areas. Recessed lighting enhances the bright, airy interior, while thoughtfully designed custom built-ins elevate everyday living, including built-ins in the living room, a built-in bed and office workspace in the primary bedroom, and an additional office built-in in the second bedroom—ideal for today’s work-from-home lifestyle. Customized closets provide excellent storage throughout the home. The unit includes 2 assigned parking spaces and additional wall storage for added convenience. Promenade West is a gated, full-service community offering 24-hour front desk and receptionist services, along with on-site security from 8:00 PM to 4:00 AM. Residents enjoy resort-style amenities including a pool, spa, BBQ area, fitness center, sauna, and tranquil waterfalls surrounded by lush gardens. Built in 1982, the community is known for its serene atmosphere and prime location. Ideally situated with easy access to major freeways, this property is just minutes from the Grand Arts Corridor, Little Tokyo, and Chinatown, and walking distance to world-class destinations such as Walt Disney Concert Hall, The Broad, and Grand Park, as well as an array of museums, cafés, and acclaimed restaurants. This exceptional residence offers a rare opportunity to experience luxury, convenience, and iconic Downtown Los Angeles living in one of the city’s most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 58% |
| Baths | 2.0 | 1.0 | 58% |
| Square foot | 1,345 | 1,006 | 87% |
| Lot Size | 123,931 | 67,079 | 68% |
| Price | $590.0K | $625.0K | 48% |
| Price per sq ft | $439 | $582 | 13% |
| Built year | 1982 | 2005 | 45% |
| HOA | $1376.39 | $821 | 94% |
| Days on market | 64 | 230 | 10% |
Feb 17, 2026
$589,999
Initial Listing
Apr 7, 2021
$628,000
Public Record
Mar 7, 2011
$352,500
Public Record
Nov 4, 1999
$225,000
Public Record