880 W 1st Street 506, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
880 W 1st Street 506
Los Angeles, California 90012
Property Price
SUMMARY
Analysis of 880 W 1st Street 506, Los Angeles, California 90012 is currently available with a list price of $608,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
While the listing states the unit is 'remodeled,' the images reveal a dated aesthetic in the kitchen and bathrooms. The kitchen features white appliances, tiled countertops, and fluorescent lighting, which are not current styles. Bathrooms also show older vanities and fixtures. The property, built in 1982, appears well-maintained but would require significant cosmetic updates to align with modern preferences, fitting the 'fair' category's description of being aged but maintained, with functional but outdated major components.
PROSSTRENGTHS & OPPORTUNITIES
- Premier Downtown Location
Situated on Bunker Hill, this property offers unparalleled access to major cultural, entertainment, and dining venues in Downtown Los Angeles, including Concert Hall, LA Opera, Broad Museum, The Grand, LA Live, and Crypto.com Arena.
- Extensive Luxury Building Amenities
As a full-service luxury condo, the building provides a comprehensive suite of amenities such as 24-hour security, pool, spa, sauna, community room, conference room, gym/fitness center, BBQ area, fire pit, dog run, south garden, and visitors parking.
- Spacious & Tastefully Appointed Interior
The remodeled 2-bedroom, 2-bathroom unit is spacious at over 1360 sqft, featuring a bright and airy greenhouse, plantation shutters, crown moldings, and atrium windows, indicating a well-maintained and upgraded living space.
CONSRISKS & DEFICIENCIES
- Substantial Monthly Association Fees
The high monthly association fee of $1368.0 is a significant ongoing cost that potential buyers must factor into their budget, potentially impacting affordability and market appeal.
- Building Age & Potential for Future Assessments
Built in 1982, the building is over 40 years old. While the unit is remodeled, the age of the overall structure could imply potential for aging infrastructure issues or future special assessments for major building-wide repairs.
- Potential for Urban Noise
Despite the prime downtown location offering excellent access to entertainment, it inherently carries the potential for significant urban noise from nearby venues and street activity, which may not appeal to all buyers seeking a quieter living environment.
About 880 W 1st Street 506
WELCOME TO PROMENADE WEST IN DOWNTOWN LOS ANGELES. A FULL SERVICE LUXURY CONDO ON BUNKER HILL. THIS REMODELED 2 BEDROOM 2 BATHROOM IS SPACIOUS WITH OVER 1360 SQFT WITH AN BRIGHT & AIRY GREENHOUSE. UNIT HAS 2 BALCONIES, PLANTATION SHUTTERS, CROWN MOULDINGS, ATRUIM WINDOWS, FACING WEST. WITH SO MANY AMENITIES SUCH A,S 24 HOUR SECURITY, POOL, SPA, SAUNA, COMMUNITY ROOM, CONFERENCE ROOM, GYM/FITNESS CENTER, BBQ AREA, FIRE PIT, DOG RUN, SOUTH GARDEN AND VISITORS PARKING. UNIT IS ONLY MOMENTS AWAY FROM CONCERT HALL, LA OPERA, MASTER CHORALE, BROAD MUSUEM, THE GRAND, LA LIVE CRYPTO.COM ARENA, SO MANY RESTAURANTS AND ALL DOWNTOWN HAS TO OFFER. COME TO SEE THIS LOCAL GEM ON BUNKER HILL.
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
- $1368.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,364 | 1,024.5 | 88% |
| Lot Size | 123,931 | 65,875 | 71% |
| Price | $608.0K | $602.0K | 53% |
| Price per sq ft | $446 | $552 | 18% |
| Built year | 1982 | 1985 | 47% |
| HOA | $1368.0 | $773 | 97% |
| Days on market | 46 | 190 | 9% |
Pricing History
Listed for Sale
Jan 19, 2026
$608,000
Initial Listing
Sold
Jun 28, 1996
$156,000
Public Record