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939 S Broadway 409, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

939 S Broadway 409, Los Angeles, California 90015 home-pic-0
ACTIVE$499,000
939 S Broadway 409, Los Angeles, California 90015
1Bed
1Bath
780Sqft
15,498Lot
Year Built
1924
Close
-
List price
$499K
Original List price
$520K
Price/Sqft
$640
HOA
$523
Days on market
-
Sold On
-
MLS number
25475639
Home ConditionExcellent
Features
Good View: City Lights
Pool
Spa
ViewCity Lights

About this home

We found 4 Cons,5 Pros. Rank: price - $499.0K(31th), sqft - 780(29th), beds - 1(50th), baths - 1(50th).

Amazing AirBnB investment opportunity in DTLA! This art-deco themed unit boasts 9' ceilings, beautiful picturesque windows, natural light, neutral tile, quartz counters, and SS appliances with In-Unit Laundry. 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. 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. *Borrowers will receive agency price credit of up to 3.625 points on their rate lock. Offer is valid for only FTHBs on owner occupied residences in this property's census tract. Up to offer is based on $10,569 monthly income,639 credit score, 85% loan to value, condo property type. Please consult with a licensed mortgage professional for more details.

Price History

Date
Event
Price
09/12/25
Sold
$475,000
12/30/21
Sold
$558,000
Condition Rating
Excellent
Despite the building's 1924 construction year, the unit itself has undergone an extensive and high-quality modern renovation. The kitchen features sleek white and grey cabinetry, pristine white quartz countertops, a modern tile backsplash, and all stainless steel appliances that appear new or virtually new. The bathroom boasts a contemporary floating vanity, a stylish backlit LED mirror, and modern tile work. The flooring throughout the unit is a consistent, light-colored tile, and the overall aesthetic is clean, updated, and move-in ready, aligning with current quality standards. The description also highlights 'in-unit laundry' and 'art-deco themed unit,' suggesting a thoughtful and complete renovation.
Pros & Cons

Pros

Proven Short-Term Rental Investment: Explicitly permitted for Airbnb (TOT), offered as a turnkey operation with all furnishings included, and described as a 'successful short-term rental' ready to generate income from day one.
Exceptional DTLA Location: Prime positioning in Downtown Los Angeles, close to major attractions like Crypto.com Arena, diverse dining, and shopping, ensuring high demand for transient guests.
Premium Building Amenities: Offers desirable features such as a rooftop pool/spa, on-site gym, and 24-hour security, significantly enhancing guest experience and property appeal.
Modern & Appealing Interior: Features an art-deco theme, 9' ceilings, abundant natural light, updated finishes including quartz counters and stainless steel appliances, plus convenient in-unit laundry.
Favorable Operating Costs: Boasts 'lowest HOA fees in DTLA,' which is a significant advantage for maximizing the profitability of an investment property.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-09-12. The sold price is $475,000.00.
Recent Price Depreciation: The current list price of $499,000 is notably lower than its last recorded sale price of $558,000 in December 2021, indicating a potential decline in market value or a highly motivated seller.
Challenging Showing Logistics: As an active Airbnb, viewings are restricted to cleaning days and require advance scheduling, which can deter or inconvenience potential buyers and prolong the sales process.
Annual Permit Renewal Requirement: The Transient Occupancy Tax (TOT) permits for short-term rentals are renewable yearly, introducing an ongoing administrative burden and potential regulatory uncertainty for the investment.

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