880 W 1st Street 603, Los Angeles, California 90012, Los Angeles, 90012 - 3 bed, 3 bath

880 W 1st Street 603, Los Angeles, California 90012 home-pic-0
ACTIVE$949,000
880 W 1st Street 603, Los Angeles, California 90012
3Beds
3Baths
2,402Sqft
123,931Lot
Year Built
1982
Close
-
List price
$949K
Original List price
$1.15M
Price/Sqft
$395
HOA
$2,534
Days on market
-
Sold On
-
MLS number
SB25065666
Home ConditionFair
Features
Excellent View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $949.0K(92th), sqft - 2402(92th), beds - 3(88th), baths - 3(81th).

Price improvement! Great opportunity for a savvy investor to divide this large condo into two smaller units. Exceptional and rare condo in Bunker Hill! This corner unit penthouse is the largest at Promenade West with 2400 square feet of interior space, 3 balconies, and 3 deeded parking spaces. The expansive living room is an entertainer’s dream, offering stunning views of the city, and a wet bar. There are 2 private master bedroom suites, both with large walk-in closets. A third bedroom has been converted into a home office with a large built-in desk for two, providing an ideal space for those who work remotely. A fourth room can be used as a den or bedroom. This unit offers 3 full bathrooms with granite countertops and granite/natural stone tile work throughout. The kitchen is a gourmet’s delight with a Sub-Zero refrigerator, Thermador oven, Bosch stove, and Asko dishwasher. Granite countertops and stone tile backsplash complete the kitchen. Solarium windows and sliding glass doors run along the entire length of this home, providing an abundance of light and beautiful city views from each room. Motorized blinds, as well as additional soundproofing material under the carpeting and in a wall have been installed. The three premium parking spaces as well as this home’s two entrances are located right next to an elevator, allowing for easy access to and from one’s vehicle. This full-service, luxury building offers 24 hour concierge, on-site management, pool, spa, BBQ grill, fitness center, dry sauna, conference room, and meeting venue with kitchen. The laundry room and refuse chute are conveniently located just across the corridor from the unit’s entry doors. The lush landscaping includes a garden with a waterfall feature and a serene courtyard. There is also a private dog park for any furry friends. Enjoy all that DTLA offers with close proximity to: Walt Disney Concert Hall, Ahmanson Theater, Mark Taper Forum, Dorothy Chandler Pavilion, The Grand by Ghery, Grand Park, The Broad Museum, Korea Town, Little Tokyo, Chinatown, USC, restaurants, City Hall, and Metro Regional Connector. Local restaurants, a convenience mart, and dry cleaners are close-by. Easy access to 110/101/10/5 freeways facilitates commuting. Storage abounds with many built-in cabinets and bookshelves in the living room, dining area, and home office. Built-in storage cabinets are also available adjacent to the assigned subterranean parking spaces. Guest parking is available, a rarity in DTLA.

Price History

Date
Event
Price
08/07/25
Price Change
$949,000
03/26/25
Listing
$1,150,000
11/09/20
Sold
$800,000
08/21/00
Sold
$550,000
06/20/97
Sold
$165,000
05/06/97
Sold
$149,909
Condition Rating
Fair

Built in 1982, this penthouse unit is exceptionally well-maintained and features high-end appliances (Sub-Zero, Thermador, Bosch, Asko) in the kitchen. However, the kitchen's white cabinet style, dark granite countertops, and tile backsplash, along with the bathroom's brass fixtures, bidet, and traditional vanity, suggest a renovation that occurred 15-25 years ago rather than a recent modern update. While functional and clean, these elements appear dated compared to current trends. The extensive use of neutral carpeting throughout also contributes to an older aesthetic. The property is move-in ready but would benefit from cosmetic updates to align with contemporary styles.
Pros & Cons

Pros

Exceptional Size & Layout: As the largest corner unit penthouse at Promenade West (2400 sqft) with 3 balconies, 2 master suites, and flexible additional rooms, it offers expansive and versatile living space.
Prime DTLA Location & Accessibility: Unbeatable proximity to major cultural venues, dining, entertainment, public transit (Metro Regional Connector), and easy access to multiple freeways (110/101/10/5) for convenient urban living and commuting.
Luxury Building Amenities & Services: The full-service building provides a resort-like experience with 24-hour concierge, on-site management, pool, spa, fitness center, conference room, and a private dog park.
High-End Finishes & Upgrades: Features a gourmet kitchen with Sub-Zero, Thermador, Bosch, and Asko appliances, granite countertops, natural stone tile, motorized blinds, and soundproofing, reflecting quality and modern comfort.
Valuable Parking & Storage: Includes three premium deeded parking spaces conveniently located next to an elevator, ample built-in storage throughout the unit, and rare guest parking, adding significant value in DTLA.

Cons

Very High Association Fees: The monthly association fee of $2,534 is exceptionally high, which significantly increases the total cost of ownership and may deter a broader range of potential buyers.
Building Age: Built in 1982, the building is over 40 years old. While the unit is updated, an older building may incur higher maintenance costs or special assessments in the future, despite current amenities.
Significant Price Reduction: The substantial price drop from $1.15M to $949K (over $200K) could indicate that the property was initially overpriced or that there's limited market demand at this price point, potentially raising buyer concerns about its true market value or future appreciation.

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