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1645 Vine Street 409, Los Angeles, California 90028, Los Angeles, 90028 - 1 bed, 1 bath

1645 Vine Street 409, Los Angeles, California 90028 home-pic-0
ACTIVE$899,000
1645 Vine Street 409, Los Angeles, California 90028
1Bed
1Bath
1,570Sqft
22,500Lot
Year Built
1928
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$573
HOA
$1,921.38
Days on market
-
Sold On
-
MLS number
25526979
Home ConditionExcellent
Features
Excellent View: City Lights, Hills
Pool
Spa
Patio
ViewCity Lights,Hills

About this home

We found 3 Cons,5 Pros. Rank: price - $899.0K(71th), sqft - 1570(71th), beds - 1(29th), baths - 1(29th).

Welcome to The Broadway Hollywood, where East Coast city living meets the exquisite glamour of the loft living in on The West Coast! This exceptional corner unit offers a rare blend of luxury and convenience. With a 24-hour doorman, concierge, and valet parking, it stands out among properties in LA. What sets it apart even further is its inclusion in the Mills Act, potentially reducing your taxes by up to 75% compared to non-Mills Act properties! The recently renovated rooftop boasts incredible views, crystal-clear pool, cabanas, a spa, and a state-of-the-art gym catering to fitness enthusiasts. The home is thoughtfully designed with a wall-of-windows flooding the home with natural light, ample built-in storage, soaring ceilings and hardwood floors that have been beautifully refinished. With no expense spared on this superb renovation, this loft maintains its high-end industrial aesthetic while exuding warmth through its finishes. The Italian Poliform gourmet kitchen, complete with Viking & SubZero Appliances, elevates the culinary experience and a completely tiled 'Hollywood Chic' stunning bathroom is sure to amaze. Additional features include upgraded electronic blinds, an in-unit Washer/Dryer, custom built-in Closets, and an AV tech's dream with two built-in drop-down projection screens. A excellent space for working from home or a perfect pied--terre, this loft is perfect for the most discerning buyer who wants a resort like lifestyle.

Price History

Date
Event
Price
01/26/21
Sold
$840,000
04/04/14
Sold
$740,000
Condition Rating
Excellent
Despite the 1928 build year, the MLS description explicitly states a 'superb renovation' with 'no expense spared.' The property features an Italian Poliform gourmet kitchen with top-of-the-line Viking & SubZero appliances, a 'Hollywood Chic' stunning tiled bathroom, and beautifully refinished hardwood floors. These extensive, high-end updates bring the unit to a virtually new condition, meeting current luxury standards and indicating minimal physical depreciation.
Pros & Cons

Pros

Significant Tax Benefits: Inclusion in the Mills Act offers a substantial property tax reduction, potentially up to 75% compared to non-Mills Act properties, providing a significant financial advantage.
Luxury Building Amenities & Services: The building provides a resort-like lifestyle with a 24-hour doorman, concierge, valet parking, a recently renovated rooftop with incredible views, a pool, cabanas, a spa, and a state-of-the-art gym.
High-End Interior Renovation & Appliances: The loft features a superb, no-expense-spared renovation including an Italian Poliform gourmet kitchen with Viking & SubZero appliances, a 'Hollywood Chic' tiled bathroom, and upgraded electronic blinds.
Sophisticated Design & Modern Features: Thoughtfully designed with a high-end industrial aesthetic, wall-of-windows for natural light, soaring ceilings, beautifully refinished hardwood floors, ample built-in storage, in-unit Washer/Dryer, and two built-in drop-down projection screens.
Prime Location & Iconic Building: Located in The Broadway Hollywood, an iconic building on Vine Street in Los Angeles, offering a desirable address and city lights/hills views, appealing to discerning buyers seeking a vibrant urban lifestyle.

Cons

High Association Fees: The monthly association fee of $1,921.38 is exceptionally high, which could be a significant ongoing cost and a deterrent for some potential buyers.
Older Building Infrastructure: Despite extensive unit renovations, the building was constructed in 1928, which may lead to potential concerns about aging common area infrastructure or higher building-wide maintenance costs in the future.
Loft Living Specificity: The 'loft living' style, while luxurious, typically features open floor plans that may not appeal to all buyers, particularly those seeking more traditional, fully enclosed bedrooms or distinct living spaces for privacy.

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