939 S Broadway #1001, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
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Los Angeles, California 90015
This High-Potential Investment Opportunity is a rare, legally approved short-term rental asset listed at a List Price of $470,000, positioned well below the $472,168 Fair Market Value by 0.46%. Featuring a Mint Condition Rating and modern renovations, this 10th-floor corner unit in the historic Western Costume Building offers $2,168 in Instant Equity. With resort-style amenities including a pool and spa, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, income-producing asset in the heart of DTLA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 939 S Broadway #1001 Subject | $470,000* List Price | 1 | 1 | 760 | $621 | - |
A 1050 S Grand Avenue 705 Sold | $510,000 | 1 | 1 | 683 | $747 | 0.3 mi |
B 645 W 9th Street 741 Sold | $420,000 | 1 | 1 | 790 | $532 | 0.3 mi |
C 645 W 9th Street 715 Sold | $588,000 | 2 | 2 | 960 | $613 | 0.3 mi |
D 939 S Broadway 404 Active | $449,000 List Price | 1 | 1 | 750 | $599 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1924 build date of the landmark building, the unit itself has undergone a high-end modern renovation likely within the last 5 years. The kitchen features contemporary high-gloss cabinetry and stainless steel appliances, the flooring is updated with large-format tile, and the exposed HVAC ductwork and electrical systems appear modern and well-integrated. The property is in mint, move-in-ready condition.
This property is located in a rare DTLA building explicitly approved for Airbnb and VRBO, offering significant income-producing potential as a legal short-term rental asset.
Situated in the iconic 1924 Western Costume Building, this corner unit features soaring 12-foot ceilings and large windows that maximize natural light and historic character.
Residents have access to a resort-style rooftop featuring a pool, spa, and cabanas, complemented by 24-hour security and a popular on-site restaurant.
The unit is described as having 'peek-a-boo' views, suggesting that the city skyline outlook is partially blocked by surrounding urban structures.
The current list price of $470,000 is significantly lower than the 2020 sale price of $549,000, indicating a lack of appreciation and potential volatility in the building's valuation.
Corner Unit. 10th Floor. Rare Short Term Rental / VRBO -Approved Building in DTLA. And the Olympics Are Coming.This is not just a home it's a rare income-producing asset hiding in plain sight…….Welcome to Unit #1001 at 939 S. Broadway, a stunning corner unit perched on the 10th floor of the iconic Western Costume Building , a 1924 Hollywood landmark in the heart of DTLA's Historic Core. Large windows fill this light-drenched space with natural light peakaboo views of the Broadway corridor and the city skyline. At 760 square feet with soaring 12-foot ceilings, this unit feels far larger than it lives.The open layout flows seamlessly from an updated kitchen with stainless steel appliances into a generous living and dining area whether you're hosting or unwinding. The bedroom is a true retreat, the bath is polished and contemporary, and the in-unit washer/dryer means you never have to leave.But the real story here is the building itself.939 S. Broadway is one of the few condo buildings in Downtown LA openly approved for Airbnb and VRBO. Not tolerated. Not a gray area. Approved. With the 2028 LA Olympics two years away, this isn't just a lifestyle purchase , it's one of the most compelling short-term rental investment in the city.Resort-style ROOFTOP with pool, spa, cabanas, BBQ, and panoramic skyline views. 24-hour security. Historic lobby. Downstairs anchor tenant Zinque restaurant. Steps from Grand Central Market, Whole Foods, Ralphs, LA Live, the Arts District, and multiple Metro lines. Priced to sell. Corner unit. Top floor. Schedule your private showing today.**** some photos have been digitally altered ***
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 760 | 1,243 |
| Lot Size | 15,498 | 24,016 |
| Price | $470.0K | $805.6K |
| Price per sq ft | $618 | $659 |
| Built year | 1924 | 1981 |
| HOA | $524.0 | $684 |
| Days on market | 5 | 71 |
Jul 17, 2026
$470,000
Initial Listing
Mar 18, 2020
$549,000
Public Record