880 W 1st Street 205, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 3 bath
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Los Angeles, California 90012
This Modernized DTLA Townhouse-style Condo is a Prime Investment Opportunity listed at $738,000—positioned well below the $760,214 Fair Market Value by 2%. This valuation gap provides $22,214 in Instant Equity for incoming buyers. Boasting a Condition Rating of 3, the residence features a renovated kitchen with smart appliances and an expansive private patio with City Lights views. Residents enjoy premium amenities including a pool, spa, and 24-hour front desk. This turnkey home is ideal for Owner-Occupants seeking an urban sanctuary or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 880 W 1st Street 205 Subject | $738,000* List Price | 2 | 3 | 1,507 | $504 | - |
A 925 W College Sold | $698,000 | 4 | 3 | 1,450 | $481 | 0.8 mi |
B 121 S Hope Street 405 Sold | $540,636 | 2 | 2 | 1,219 | $444 | 0.1 mi |
C 903 New Depot Street 5 Sold | $545,000 | 4 | 3 | 1,267 | $430 | 0.7 mi |
D 800 W 1st Street 1210 Active | $648,000 List Price | 2 | 2 | 1,234 | $525 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a recently updated kitchen with modern Samsung smart appliances and updated flooring. While the building was constructed in 1982, the interior has been well-maintained with contemporary finishes and functional systems, fitting the criteria for a property that has undergone significant partial updates without a full-scale recent renovation.
This rare townhouse-style condo features a spacious 1,507 sq. ft. floor plan with a recently updated kitchen and smart Samsung appliances, offering a modern living experience with the privacy of a multi-level layout.
Promenade West provides a comprehensive luxury lifestyle with a 24-hour front desk, gym, pool, spa, dog park, and the highly coveted inclusion of guest parking in a dense urban environment.
The property boasts an unusually large private patio and Southwest-facing windows that provide inspiring city views over lush, park-like grounds, a significant value-add for Downtown Los Angeles.
The association fee is $1,440 per month, which is considerably high and may impact the overall affordability and debt-to-income ratio for prospective buyers.
Built in 1982, the building is over 40 years old, which may lead to higher maintenance requirements or potential future special assessments for common area upgrades compared to newer DTLA developments.
Welcome to your new home in the heart of DTLA. This townhouse style condo boasts a beautifully appointed kitchen complete with Samsung smart appliances and an open living/dining area that opens to an expansive patio with stunning city views nestled beyond the well-kept green parkesque grounds of Promenade West. The bedrooms on the upper level have large Southwest facing windows with inspiring city views and ample closet space. Promenade West offers all the amenities for a wrap-around living experience with an ample gym, sparkling pool and spa, community room, multiple courtyards, a dog park, front desk staff, and guest parking in addition to gated private parking spaces.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 65% |
| Baths | 3.0 | 1.0 | 84% |
| Square foot | 1,507 | 1,006 | 87% |
| Lot Size | 123,931 | 43,816 | 74% |
| Price | $738.0K | $630.0K | 71% |
| Price per sq ft | $490 | $582 | 26% |
| Built year | 1982 | 1985 | 48% |
| HOA | $1440.0 | $858 | 94% |
| Days on market | 86 | 221 | 6% |
Mar 12, 2026
$738,000
Initial Listing
Oct 7, 2011
$455,000
Public Record
Sep 10, 2010
$375,000
Public Record
Mar 29, 2006
$750,000
Public Record