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400 S Broadway Unit 1012, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

400 S Broadway Unit 1012, Los Angeles, California 90013 home-pic-0
ACTIVE$668,000
400 S Broadway Unit 1012, Los Angeles, California 90013
1Bed
1Bath
907Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown LA Location: Situated in the heart of DTLA, offering unparalleled convenience to dining, shopping, and entertainment, including Grand Central Market and Disney Hall.
Top Cons:
High Association Fees: The monthly association fee of $815.0 is substantial and adds a significant recurring cost to ownership.

Compared to the nearby listings

Price:$668.0K vs avg $627.5K (+$40,500)64%
Size:907 sqft vs avg 969 sqft50%
Price/sqft:$736 vs avg $56086%

More Insights

Built in 2021 (4 years old).
Condition: This property was built in 2021, making it a virtually new construction. The description highlights it as a 'brand new PERLA luxury condo' with 'stone counter-top and brand new appliances' in the kitchen. The images confirm a modern, high-end aesthetic with pristine finishes, contemporary light fixtures, and new flooring throughout. The bathrooms are also new and feature modern designs. All components meet current quality standards with no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' criteria.
Year Built
2021
Close
-
List price
$668K
Original List price
$820K
Price/Sqft
$736
HOA
$815
Days on market
-
Sold On
-
MLS number
AR24008919
Home ConditionExcellent
Features
Excellent View: City Lights
Pool
Spa
ViewCity Lights

About this home

Welcome to this magnificent unit located at the 10th floor of brand new PERLA luxury condo in the heart of DTLA. The PERLA building was designed to allow its residents enjoy life more easily. Located conveniently close to all the dinning, shopping and entertainment including the Grand Central Market and Disney Hall. Upon entering the lobby area, you and your guest will be greeted with 24 hour receptionist while your eyes explore the spacious waiting area with comfortable European style setting & furnishings. The amazing luxury amenities include rooftop terrace with 360 degree views, fitness center, private theater, private dining room, wine tasting room, entertainment room, outdoor BBQ, outdoor swimming pool, hot tub, Dog Park, pet spa, and outdoor BBQ areas. This unit features approx. 907 sqft of open living spaces with large living area overlooking the downtown skyline, large bedroom with walk-in closet, full bathroom, open kitchen & dining area with stone counter-top and brand new appliances. MOTIVATED seller! Must come to appreciate!

Price History

Date
Event
Price
05/03/21
Sold
$749,000
Condition Rating
Excellent
This property was built in 2021, making it a virtually new construction. The description highlights it as a 'brand new PERLA luxury condo' with 'stone counter-top and brand new appliances' in the kitchen. The images confirm a modern, high-end aesthetic with pristine finishes, contemporary light fixtures, and new flooring throughout. The bathrooms are also new and feature modern designs. All components meet current quality standards with no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' criteria.
Pros & Cons

Pros

Prime Downtown LA Location: Situated in the heart of DTLA, offering unparalleled convenience to dining, shopping, and entertainment, including Grand Central Market and Disney Hall.
Extensive Luxury Amenities: The PERLA building boasts a comprehensive suite of luxury amenities, including a rooftop terrace with 360-degree views, fitness center, private theater, pool, hot tub, and pet facilities.
Brand New Construction & Modern Finishes: Built in 2021, this unit is part of a brand new luxury condo development, featuring modern design, stone countertops, and new appliances.
Seller Motivation & Value Proposition: The 'MOTIVATED seller' and significant price reduction from the original list price ($820,000) and even a previous sale price ($749,000) to the current $668,000 presents a strong buying opportunity.
City Views & High Floor: Located on the 10th floor, the unit offers desirable city skyline views, enhancing its appeal and living experience.

Cons

High Association Fees: The monthly association fee of $815.0 is substantial and adds a significant recurring cost to ownership.
Potential Parking Limitations: The property description does not explicitly mention included or dedicated parking, which can be a significant concern and additional expense in a dense urban environment like DTLA.
Market Perception/Resale Value: While the current price reduction is a buyer's advantage, the substantial drop from previous pricing could indicate challenges in market demand or future appreciation for this specific property type/location.

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