900 W Olympic Boulevard 42a, Los Angeles, California 90015, Los Angeles, 90015 - 2 bed, 3 bath

900 W Olympic Boulevard 42a, Los Angeles, California 90015 home-pic-0

900 W Olympic Boulevard 42a

Los Angeles, California 90015

ACTIVE
CONDITION: EXCELLENT
2Beds
3Baths
1,850Sq Ft
399,397Lot Size

Property Price

LIST PRICE$1,950,000

SUMMARY

Analysis of 900 W Olympic Boulevard 42a, Los Angeles, California 90015 is currently available with a list price of $1,950,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Built in 2010, this property has undergone significant recent upgrades that elevate its condition to excellent. The description highlights a 'recently updated open concept kitchen' and 'additional upgrades over the years' including custom chandeliers, light dimmers, newer bedroom carpets, and additional recessed lighting. The images confirm a luxurious and contemporary aesthetic, particularly in the bathrooms which feature high-end finishes, modern fixtures, frameless glass showers, and large format tiling. The hardwood flooring throughout the main living areas is pristine, and the overall presentation suggests a property that is virtually new in its key components and meets current quality standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Luxury Amenities & Services

    Residents enjoy 5-star Ritz Carlton amenities including full-service valet, 24/7 concierge and security, access to the Ritz Carlton Spa, rooftop pool with cabanas, fitness center, media room, and LA Live discounts.

  • Panoramic Views

    Situated on the 42nd floor, the corner unit offers magnificent and breathtaking southeast facing views of the 6th Street Bridge, Crypto Center, Palos Verdes Rolling Hills, and Century City lights.

  • Prime Location

    Located at the prestigious Ritz Carlton Residences at LA Live in Downtown Los Angeles, providing unparalleled access to entertainment, dining, and cultural attractions.

CONSRISKS & DEFICIENCIES

  • High Association Fees

    The property carries a substantial monthly association fee of $3,261.47, which is a significant ongoing cost for potential buyers.

  • Significant Price Reduction

    The current list price of $1.95M is considerably lower than the original list price of $2.38M, which may raise questions about market demand or previous overvaluation.

  • Lack of Private Outdoor Space

    As a high-rise condominium unit, there is no mention of a private balcony or terrace, which some buyers may desire for outdoor living.

About 900 W Olympic Boulevard 42a

Welcome home to the southeast facing corner unit you've been waiting for! This spacious corner unit at the Ritz Carlton Residences at LA Live sits on the 42nd floor and offers 1,850 square feet of living space and magnificent southeast facing views. The property has 2 large bedrooms each with its own en suite, a powder room with in-unit washer and dryer, and a recently updated open concept kitchen that opens up into the living room and dining room, perfect for entertaining. Additional upgrades over the years include, custom chandeliers throughout the home, built in closet shelves and drawers in the primary room, light dimmers in each room, newer carpet in each bedroom, additional recessed lighting throughout the home, and more. The unit has breathtaking city views of the 6th Street Bridge to the East, direct views of the Crypto Center and Palos Verdes Rolling Hills to the South, and Century City lights to the West. As a resident you will be able to enjoy 5-star amenities such as full service valet parking for you and your guests, 24/7 concierge service and security, access to the Ritz Carlton Spa, rooftop pool with cabanas, fitness center, media room, LA Live discounts and more! This home is a must see! Schedule your tour today!

Property Details

Public Facts

Property Type
Condominium
Year Built
2010
Lot Size
399,397 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$3261.47 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.01.0
59%
Baths3.01.0
80%
Square foot1,8501,030
83%
Lot Size399,39744,570
93%
Price$1.95M$550.0K
95%
Price per sq ft$1.1K$589
98%
Built year20102007
80%
HOA$3261.47$921
98%
Days on market690214
0%

Pricing History

Sold

May 4, 2016

$2,080,000

Public Record

Sold

May 24, 2013

$1,600,016

Public Record

Browse Properties by State Browse housing market trends by state