939 S Broadway 505, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath
ACTIVE$499,000
939 S Broadway 505, Los Angeles, California 90015
1Bed
1Bath
760Sqft
15,498Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Downtown LA Location: Situated in the heart of Downtown LA's lively South Broadway district, offering unparalleled walkability to Whole Foods, the Ace Hotel, Apple Store, and a plethora of dining and retail options.
Top Cons:
Potential for Urban Noise: Being located in a vibrant and lively downtown area, the unit may be subject to significant street noise, which could be a consideration for some buyers.
Compared to the nearby listings
Price:$499.0K vs avg $555.0K ($-56,000)31%
Size:760 sqft vs avg 1,010 sqft27%
Price/sqft:$657 vs avg $60765%
More Insights
Built in 1924 (101 years old).
Condition: Despite being built in 1924, this unit was extensively 'reimagined' in 2019, which falls within the 5-year renovation window for an 'Excellent' rating. The images confirm a sleek, modern kitchen with stainless steel appliances and contemporary cabinetry, and a bathroom with updated vanity, fixtures, and tiling. The overall aesthetic is modern and well-maintained, showing no signs of wear or deferred maintenance.
Year Built
1924
Close
-
List price
$499K
Original List price
$559K
Price/Sqft
$657
HOA
$513
Days on market
-
Sold On
-
MLS number
25558293
Home ConditionExcellent
Features
Excellent View: City Lights
Pool
Spa
ViewCity Lights
About this home
Live in the heart of Downtown LA at 939 South Broadway Lofts an architectural gem originally built in 1924 and reimagined in 2019. This bright fifth-floor unit features high ceilings, oversized windows with stunning Broadway views, and an open layout with a sleek, modern kitchen. Enjoy top-tier amenities like a rooftop pool and spa, fitness center, and 24/7 security. With low HOA fees and Airbnb-friendly status including eligibility for LA's Transient Occupancy Tax (TOT) permit this loft is perfect as a home, pied--terre, or investment. Located in the lively South Broadway district, steps from Whole Foods, the Ace Hotel, Apple Store, and some of LA's best dining and retail.
Price History
Date
Event
Price
04/22/22
Sold
$539,000
Condition Rating
Excellent
Despite being built in 1924, this unit was extensively 'reimagined' in 2019, which falls within the 5-year renovation window for an 'Excellent' rating. The images confirm a sleek, modern kitchen with stainless steel appliances and contemporary cabinetry, and a bathroom with updated vanity, fixtures, and tiling. The overall aesthetic is modern and well-maintained, showing no signs of wear or deferred maintenance.
Pros & Cons
Pros
Prime Downtown LA Location: Situated in the heart of Downtown LA's lively South Broadway district, offering unparalleled walkability to Whole Foods, the Ace Hotel, Apple Store, and a plethora of dining and retail options.
Historic Charm with Modern Renovation: An architectural gem built in 1924, this unit was extensively reimagined in 2019, boasting a sleek, modern kitchen, high ceilings, and an open layout, contributing to its excellent overall condition.
Premium Building Amenities: Residents benefit from top-tier amenities including a rooftop pool and spa, a well-equipped fitness center, and 24/7 security, enhancing the lifestyle and value proposition.
Strong Investment Potential: The property is Airbnb-friendly with eligibility for LA's Transient Occupancy Tax (TOT) permit, making it ideal for investors, pied-à-terre, or a primary residence, complemented by relatively low HOA fees.
Bright Interior & Excellent City Views: The fifth-floor unit features oversized windows that flood the space with natural light and offer stunning, expansive Broadway and city lights views, significantly enhancing its appeal.
Cons
Potential for Urban Noise: Being located in a vibrant and lively downtown area, the unit may be subject to significant street noise, which could be a consideration for some buyers.
Parking Not Specified: The property description does not explicitly mention dedicated parking, which is a common challenge and potential additional cost in dense urban environments like Downtown LA.
Recent Price Reductions: The listing has undergone multiple price reductions from its original list price, which could indicate market resistance or initial overpricing, potentially affecting perceived value or future appreciation.