939 S Broadway 802, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

939 S Broadway 802, Los Angeles, California 90015 home-pic-0
ACTIVE$579,000
939 S Broadway 802, Los Angeles, California 90015
1Bed
1Bath
660Sqft
15,498Lot
Year Built
1924
Close
-
List price
$579K
Original List price
$589K
Price/Sqft
$877
HOA
$515
Days on market
-
Sold On
-
MLS number
225001378
Home ConditionGood
Features
Excellent View:
View

About this home

We found 3 Cons,5 Pros. Rank: price - $579.0K(52th), sqft - 660(12th), beds - 1(50th), baths - 1(50th).

Welcome home to Broadway - the heart of Downtown Los Angeles! This stunning 1BR/1BA, 676 sq. ft. condo is located on the 8th floor of the iconic, remodeled Western Costume Building, offering breathtaking views and a perfect blend of historic charm and modern living. With large floor-to-ceiling windows, natural light floods the space, creating a bright and inviting atmosphere. The open floor plan ensures a comfortable, relaxed living experience, while the fully equipped kitchen with newer appliances makes cooking a breeze. Plus, the convenience of an in-unit washer and dryer adds to the ease of living.The building is pet-friendly and boasts amazing amenities, including a rooftop pool, spa, and gym with sweeping views of the city. Best of all, this building presents a fantastic investment opportunity for those looking to do short-term rentals, as it allows them when properly licensed with the city. Located at the intersection of Olympic and Broadway, you'll be surrounded by world-class restaurants, theaters, and cultural landmarks. Parking is conveniently located directly across the street in a secure, camera-monitored structure for an added expense.Don't miss out on this incredible chance to live or invest in one of LA's most vibrant areas!

Price History

Date
Event
Price
09/21/20
Sold
$524,000
Condition Rating
Good

Despite being in a building constructed in 1924, this condo has undergone significant modern renovation, as evidenced by the description of a 'remodeled Western Costume Building' and 'modern upgrades.' The kitchen features 'newer appliances' and the overall interior is described as 'modern & bright' with an 'open floor plan' and 'floor-to-ceiling windows,' indicating a contemporary and move-in ready condition. The presence of an in-unit washer and dryer further supports modern living standards. While not brand new, the unit appears to have been extensively updated within the last 5-15 years, aligning with the 'Good' score criteria for a well-maintained property with minimal wear and tear.
Pros & Cons

Pros

Prime Urban Location: Situated in the heart of Downtown Los Angeles, offering unparalleled access to cultural landmarks, dining, and entertainment.
Investment Opportunity: The building's allowance for licensed short-term rentals presents a significant income-generating potential for investors.
Premium Building Amenities: Features a rooftop pool, spa, and gym with sweeping city views, enhancing lifestyle and property value.
Modern & Bright Interior: Boasts floor-to-ceiling windows for abundant natural light, an open floor plan, and a fully equipped kitchen with newer appliances, plus in-unit laundry.
Historic Charm with Modern Upgrades: Located in the iconic, remodeled Western Costume Building, blending historic character with contemporary living comforts.

Cons

Additional Parking Expense: Parking is not included and requires an added expense for a space across the street, increasing monthly costs.
High Monthly Association Fees: The $515 monthly association fee is substantial for a 676 sq. ft. 1-bedroom unit, impacting overall affordability and investment returns.
Compact Unit Size: At 676 sq. ft., the living space is relatively compact, which may not suit buyers seeking more expansive accommodations.

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