939 S Broadway 304, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
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Los Angeles, California 90015
This Turnkey Short-Term Rental Asset is listed at $619,000, reflecting a specialized business valuation relative to its $544,571 Fair Market Value. The property holds an Excellent Condition Rating, featuring Art-Deco Furnishings, 9' Ceilings, and Soundproof Windows. Its primary value lies in the rare Transient Occupancy Tax (TOT) Permits, enabling legal short-term rentals in the Los Angeles Unified district. Residents benefit from a Rooftop Pool and Spa with Panoramic Views. This move-in-ready property is a strategic acquisition for Short-Term Rental Investors or First-Time Homebuyers utilizing the $16,023 High Cost Area credit.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 939 S Broadway 304 Subject | $619,000* List Price | 1 | 1 | 750 | $726 | - |
A 1050 S Grand Avenue 705 Sold | $510,000 | 1 | 1 | 683 | $747 | 0.3 mi |
B 1050 S Grand Avenue 1206 Sold | $550,000 | 1 | 1 | 650 | $846 | 0.2 mi |
C 1050 S Grand Avenue 1405 Sold | $487,500 | 1 | 1 | 686 | $711 | 0.2 mi |
D 1100 S Hope Street 1507 Sold | $530,000 | 1 | 1 | 860 | $616 | 0.3 mi |
E 1100 S Hope Street 911 Sold | $559,000 | 1 | 1 | 908 | $616 | 0.3 mi |
F 645 W 9th Active | $495,000 List Price | 1 | 1 | 800 | $619 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1924 build year, the unit has clearly undergone an extensive and recent renovation. The kitchen features modern white and two-tone cabinetry, quartz countertops, and stainless steel GE appliances that appear new or virtually new. The bathroom boasts a contemporary floating vanity, illuminated mirror, and modern tiling. Flooring throughout is consistent, neutral tile. The description mentions upgraded soundproof windows and the property is presented as a turnkey investment, indicating all components are in excellent, current condition with no deferred maintenance.
The property is explicitly marketed as a successful, income-generating AirBnB with all furnishings included and approved Transient Occupancy Tax (TOT) permits, making it a ready-to-operate business from day one.
Situated in a highly desirable downtown Los Angeles location, it offers proximity to shops, restaurants/bars, and the Crypto Arena, ensuring high demand for short-term rentals and potential for appreciation.
The building provides premium amenities including a rooftop pool/spa, on-site gym, 24-hour security, and notably, the lowest HOA fees in DTLA, enhancing both guest experience and owner value.
As an active AirBnB, viewings are limited to 'cleaning days' and require advance coordination with the listing agent, which may pose a challenge for prospective buyers to schedule convenient visits.
The Transient Occupancy Tax (TOT) permits, essential for legal short-term rental operation, are renewable on a yearly basis, introducing an ongoing administrative requirement and potential for future uncertainty.
The property description does not mention parking, which can be a significant concern and potential inconvenience for both owners and guests in a dense urban environment like DTLA.
Amazing AirBnB investment opportunity in DTLA! This art-deco themed unit boasts 9' ceilings, upgraded soundproof windows, natural light, neutral tile, quartz counters, and SS appliances. Everything conveys. Everything is included to begin generating income from Day 1. This is an opportunity to purchase a successful short-term rental in a prime location, close to shops, restaurants/bars, and Crypto arena. Building amenities include rooftop pool/spa, on site gym, 24-hour security, and the lowest HOA fees in DTLA. This is an active AirBnB. Please text listing agent to coordinate a viewing on cleaning days. No lockbox access. Please schedule showings in advance. This property is one of the few that through a successful application is allowed to operate Transient Occupancy Tax (TOT) which allows for AIrBnB with the correct permits that are renewable on a yearly basis. To further attract this property, all Furniture and Furnishings will be included in the sale. Additionally, The unit features upgraded windows for sound deadening that sets this unit apart for comfort. This property is in a census tract that has been designated a High Cost Area. For FTHBs with income less than $10,570/mo, the High Cost Area Purchase Program offers up to $16,023 in agency credits for an interest rate buy down. Please consult with a licensed mortgage professional for more details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 750 | 1,095 | 14% |
| Lot Size | 15,498 | 41,217 | 11% |
| Price | $619.0K | $618.0K | 50% |
| Price per sq ft | $825 | $616 | 81% |
| Built year | 1924 | 2007 | 6% |
| HOA | $510.0 | $946 | 6% |
| Days on market | 214 | 215 | 50% |
Sep 20, 2025
$619,000
Initial Listing
Mar 27, 2020
$519,000
Public Record