939 S Broadway 308, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

939 S Broadway 308, Los Angeles, California 90015 home-pic-0
ACTIVE$615,000$850/sqft
939 S Broadway 308, Los Angeles, California 90015
1Bed
1Bath
850Sqft
15,498Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Unbeatable location adjacent to the iconic Ace Hotel, with an upcoming Erewhon, and proximity to Crypto.com Arena, dining, shopping, and cultural hotspots, offering a vibrant urban lifestyle.
Top Cons:
High Monthly Association Fees: The $585 monthly HOA fee is substantial for an 850 sqft unit, potentially impacting affordability and overall investment returns.

Compared to the nearby listings

Price:$615.0K vs avg $560.0K (+$55,000)57%
Size:850 sqft vs avg 990 sqft34%
Price/sqft:$724 vs avg $60470%

More Insights

Built in 1924 (102 years old).
Condition: Despite being built in 1924, this loft-style residence has undergone an extensive and recent renovation, aligning with the 'extensively renovated within 5 years' criteria. The kitchen features sleek, modern stainless steel appliances, luxurious quartz countertops, and contemporary cabinetry. The bathroom is updated with a modern floating vanity and an illuminated LED mirror. Throughout the unit, modern tile flooring, high ceilings, and exposed ductwork contribute to a stylish, industrial-chic aesthetic. All components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards.
Year Built
1924
Close
-
List price
$615K
Original List price
$615K
Price/Sqft
$724
HOA
$585
Days on market
-
Sold On
-
MLS number
26633983
Home ConditionExcellent
Features
Good View: City Lights
Pool
Spa
ViewCity Lights

About this home

Welcome to a Stunning Loft-Style Residence in the Heart of Downtown Los AngelesThis bright and airy 2-bedroom, 1-bath loft-style condo offers a rare blend of historic character and modern sophistication, located within the iconic former Western Costume Building. A west-facing orientation fills the home with natural light, perfectly complementing its industrial-inspired design and timeless architectural appeal.Soaring 9-foot ceilings and an open-concept layout create a seamless flow between the living, dining, and kitchen spacesideal for both everyday living and entertaining. The residence is enhanced by high-end finishes throughout, including sleek stainless steel appliances, luxurious quartz countertops, and curated designer details that elevate the space.Whether you're seeking a stylish urban residence, a long-term investment, or a potential short-term rental opportunity, this property offers exceptional versatility. Inquire for current short-term rental income information.Building amenities include 24-hour security, a rooftop pool and spa, on-site fitness center, theater room, and additional lifestyle conveniences. Ideally located next to the iconic Ace Hotel, with a highly anticipated Erewhon coming soon downstairs, and just moments from Crypto.com Arena, dining, shopping, and cultural destinations, this residence places you at the center of Downtown Los Angeles living.

A
Angel Collins
Listing Agent

Price History

Date
Event
Price
10/26/22
Sold
$649,000
Condition Rating
Excellent

Despite being built in 1924, this loft-style residence has undergone an extensive and recent renovation, aligning with the 'extensively renovated within 5 years' criteria. The kitchen features sleek, modern stainless steel appliances, luxurious quartz countertops, and contemporary cabinetry. The bathroom is updated with a modern floating vanity and an illuminated LED mirror. Throughout the unit, modern tile flooring, high ceilings, and exposed ductwork contribute to a stylish, industrial-chic aesthetic. All components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Prime Downtown Location: Unbeatable location adjacent to the iconic Ace Hotel, with an upcoming Erewhon, and proximity to Crypto.com Arena, dining, shopping, and cultural hotspots, offering a vibrant urban lifestyle.
Exceptional Building Amenities: Comprehensive amenities including 24-hour security, a rooftop pool and spa, fitness center, and theater room, significantly enhancing resident lifestyle and property value.
Historic Charm with Modern Upgrades: A unique blend of historic character from the iconic Western Costume Building and contemporary luxury, featuring high-end finishes, stainless steel appliances, and quartz countertops.
Strong Investment & Rental Potential: Offers versatility as a stylish residence, long-term investment, or a potential short-term rental, with explicit mention of inquiring for STR income information.
Bright & Open Loft-Style Living: Features a west-facing orientation for abundant natural light, soaring 9-foot ceilings, and an open-concept layout, creating a spacious and inviting atmosphere.

Cons

High Monthly Association Fees: The $585 monthly HOA fee is substantial for an 850 sqft unit, potentially impacting affordability and overall investment returns.
Bedroom Count Inconsistency: A discrepancy exists between the description ('2-bedroom') and the structured data (`beds: 1`), which could lead to buyer confusion or unmet expectations regarding the actual number of private sleeping areas.
Recent Price Reduction: The current list price of $615,000 is lower than its last sale price of $649,000 in October 2022, suggesting potential market adjustments or a need for a quicker sale.
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