108 W 2nd Street 701, Los Angeles, California 90012, Los Angeles, 90012 - bed, 1 bath
ACTIVE$529,000
108 W 2nd Street 701, Los Angeles, California 90012
0Bed
1Bath
800Sqft
19,159Lot
Year Built
1910
Close
-
List price
$529K
Original List price
$539K
Price/Sqft
$661
HOA
$731.64
Days on market
-
Sold On
-
MLS number
25501801
Home ConditionFair
Features
Good View: City Lights, Landmark
ViewCity Lights,Landmark
About this home
We found 3 Cons,5 Pros. Rank: price - $529.0K(46th), sqft - 800(23th), beds - undefined(8th), baths - 1(42th).
Price History
Date
Event
Price
02/10/05
Sold
$330,000
Condition Rating
Fair
The property, built in 1910, has undergone renovations, but the kitchen and bathroom styles suggest these updates are 15-30 years old. While the kitchen has stainless steel appliances, the wood cabinets and black countertops are dated. The bathroom, with its checkered tile and drop ceiling, is a clear indicator of an older aesthetic. The flooring also shows age. The unit is functional and move-in ready, but requires minor cosmetic updates to align with current design trends.
Pros & Cons
Pros
Prime Downtown LA Location: Situated in the highly sought-after Downtown LA area (C42), offering excellent walkability and access to urban amenities, entertainment, and business districts.
Historic Building Appeal: Built in 1910, the property likely boasts unique architectural character and charm, appealing to buyers seeking a distinctive urban living experience.
Desirable City Views: Features captivating city lights and landmark views, significantly enhancing the unit's aesthetic appeal and market value.
Recent Price Adjustment: A recent reduction from $539,000 to $529,000 indicates potential value and seller motivation, which could attract more buyer interest.
Low-Maintenance Condominium Living: As a condominium, it offers a convenient, low-maintenance lifestyle, ideal for urban professionals or those seeking a lock-and-leave option.
Cons
High Monthly Association Fee: The $731.64 monthly association fee is substantial for an 800 sqft unit, adding a significant ongoing cost to ownership.
Limited Space & Single Bathroom: With 800 sqft and only one bathroom, the unit's size and layout may be restrictive for some buyers, particularly those needing more living space or additional facilities.
Age of Building Considerations: While charming, a 1910 building may present potential challenges related to aging infrastructure or higher common area maintenance costs, despite being a condominium.