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939 S Broadway 505, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

939 S Broadway 505, Los Angeles, California 90015 home-pic-0
ACTIVE$580,000
939 S Broadway 505, Los Angeles, California 90015
1Bed
1Bath
760Sqft
15,498Lot
Year Built
1924
Close
-
List price
$580K
Original List price
$580K
Price/Sqft
$763
HOA
$513
Days on market
-
Sold On
-
MLS number
25501793
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $580.0K(52th), sqft - 760(27th), beds - 1(50th), baths - 1(50th).

Iconic loft living in the heart of Downtown LA.Welcome to 939 South Broadway Lofts, where history meets modern luxury. Originally built in 1924 as the Western Costume Building and reimagined in 2019, this architectural masterpiece seamlessly blends vintage charm with contemporary sophistication. From the beautifully restored lobby to the iconic textile factory windows framing breathtaking downtown skyline views, every detail is designed to impress. This unit has amazing views of one of DTLA's iconic streets - Broadway!This exceptional fifth-floor loft features an open-concept layout bathed in natural light, soaring 10+ foot soft-loft ceilings.The stylish kitchen is fully equipped for modern living. With one of the most sought-after floor plans in the building, this residence perfectly balances functionality and elegance.As a resident of 939 Lofts, you'll enjoy access to premier amenities, including a rooftop pool and spa with cabanas, a fitness center, and 24-hour front desk security with controlled access. Whether you're looking for a primary home, a chic pied--terre, or a lucrative short-term rental investment, this property offers low HOA fees and is Airbnb-friendly. 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.Nestled in the vibrant South Broadway district, you're just moments from Whole Foods, The Ace Hotel, Hotel Proper, the Apple Store, and an array of top-tier dining and entertainment optionsincluding retail and restaurants right downstairs. 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.Don't miss this rare opportunity to own a stunning, city-view loft in one of DTLA's most iconic buildings.

Price History

Date
Event
Price
04/22/22
Sold
$539,000
Condition Rating
Excellent
The property was extensively 'reimagined' in 2019, meaning a full renovation occurred just 5 years ago. The images confirm this with a modern, stylish kitchen featuring high-gloss white cabinetry, stainless steel appliances, contemporary backsplash, and pendant lighting. The flooring throughout is a consistent, modern large-format tile. While no direct bathroom images are provided, the recent comprehensive renovation and overall pristine condition of the visible areas strongly indicate that the bathroom would also be updated to current quality standards. The exposed ductwork is a characteristic feature of modern loft design, not a sign of disrepair. All components appear new or virtually new, with no deferred maintenance.
Pros & Cons

Pros

Prime Downtown LA Location: Situated in the vibrant South Broadway district, offering immediate access to top-tier dining, entertainment, retail (Whole Foods, Apple Store), and cultural landmarks.
Exceptional Building Amenities: Residents enjoy premier amenities including a rooftop pool and spa with cabanas, a fitness center, and 24-hour front desk security with controlled access.
Lucrative Investment Potential: The property is explicitly Airbnb-friendly and allowed to operate Transient Occupancy Tax (TOT) with proper permits, offering significant short-term rental income potential with low HOA fees.
Historic Charm & Modern Renovation: An iconic 1924 building (Western Costume Building) reimagined in 2019, blending vintage architectural charm with contemporary sophistication, featuring a restored lobby, high ceilings, and city views.
First-Time Homebuyer Incentives: Located in a designated High Cost Area, offering up to $16,023 in agency credits for eligible first-time homebuyers, broadening its appeal to a wider buyer pool.

Cons

Loft-Style Living Limitations: The open-concept 'soft-loft' layout, while stylish, may lack the traditional privacy and distinct room separation desired by some buyers for a 1-bedroom unit.
Urban Environment Drawbacks: Being in the heart of Downtown LA, residents may experience higher levels of urban noise, traffic congestion, and a generally bustling environment.
Unspecified Parking: The property description does not explicitly mention dedicated parking, which can be a significant concern and added expense for residents in a dense urban area like Downtown LA.

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