939 S Broadway 1007, Los Angeles, California 90015, Los Angeles, 90015 - 2 bed, 1 bath
ACTIVE$749,000
939 S Broadway 1007, Los Angeles, California 90015
2Beds
1Bath
1,130Sqft
15,498Lot
Year Built
1924
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$663
HOA
$648
Days on market
-
Sold On
-
MLS number
25510991
Home ConditionExcellent
Features
Excellent View: City Lights
Pool
Spa
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $749.0K(69th), sqft - 1130(60th), beds - 2(58th), baths - 1(50th).
Welcome to this historic gem, adjacent to the renowned Ace Hotel, that was formerly the Western Costume Building. This open layout 2 bed 1 bath unit has views of Downtown, high ceilings, washer/dryer in unit, stainless steel appliances, and lots of natural light. Also a rare opportunity to own in a condo that allows Airbnb short term rentals! Amenities include 24-hour security and secured entrance access, as well as a rooftop retreat with a pool, spa, cabanas, and gym, all offering a mesmerizing view of the city skyline. Explore the nearby city scene with dining, bars, theaters, shopping and transit.
Price History
Date
Event
Price
03/19/20
Sold
$699,000
Condition Rating
Excellent
Despite being built in 1924, this unit has clearly undergone an extensive and high-quality renovation. The kitchen features modern, sleek white and light wood cabinetry, stainless steel appliances, quartz countertops, and contemporary tile backsplash, all appearing virtually new. The entire unit boasts consistent large format tile flooring, modern light fixtures, and an industrial-chic loft aesthetic with high ceilings and exposed ductwork, indicating a comprehensive update to current quality standards. While the bathroom isn't explicitly pictured, the overall modern and well-maintained condition of the visible spaces suggests a similar level of renovation.
Pros & Cons
Pros
Short-Term Rental (Airbnb) Eligibility: A rare opportunity to own a condo that explicitly allows Airbnb short-term rentals, offering significant income potential for investors.
Prime Downtown Location & Historic Building: Situated in a historic building (formerly Western Costume Building) adjacent to the renowned Ace Hotel, offering immediate access to downtown's vibrant dining, entertainment, shopping, and transit options.
Extensive Luxury Amenities: The building boasts a rooftop retreat with a pool, spa, cabanas, and gym, all providing mesmerizing city skyline views, complemented by 24-hour security and secured entrance access.
Desirable Unit Features & Views: The unit features an open layout, high ceilings, in-unit washer/dryer, stainless steel appliances, abundant natural light, and direct views of Downtown Los Angeles.
Generous Square Footage: At 1130 sqft, this 2-bedroom unit offers a spacious living environment, which is a notable advantage for a downtown condominium.
Cons
High Monthly Association Fee: The association fee of $648.0 per month is substantial and adds a significant ongoing cost to ownership, potentially impacting affordability or investment returns.
Single Bathroom for Two Bedrooms: The unit features only one bathroom for two bedrooms, which may be inconvenient for multiple occupants or limit its appeal to certain buyer demographics.
Lack of Mentioned Dedicated Parking: The property description does not mention dedicated parking, which is a critical amenity and potential concern for residents in a dense urban environment like Downtown Los Angeles.