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500 Molino Street 103, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

500 Molino Street 103, Los Angeles, California 90013 home-pic-0
ACTIVE$850,000
500 Molino Street 103, Los Angeles, California 90013
1Bed
1Bath
1,300Sqft
Lot
Year Built
1923
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$654
HOA
$631.03
Days on market
-
Sold On
-
MLS number
25551081
Home ConditionExcellent
Features
Good View:
View

About this home

We found 3 Cons,5 Pros. Rank: price - $850.0K(86th), sqft - 1300(73th), beds - 1(50th), baths - 1(50th).

Stylish and Remodeled 1,300 Sq Ft Live/Work Loft at the Molino Lofts in the Heart of the Arts DistrictStep into this stunningly remodeled first-level loft where industrial edge meets modern sophistication. Spanning an expansive 1,300 square feet, this Live/Work space boasts soaring ceilings, polished concrete floors, exposed brick walls, and oversized windows that flood the space with natural light.The open floor plan offers incredible flexibility, perfect for creatives, entrepreneurs, or anyone craving a dynamic living and working environment with authentic character. Designed for both style and comfort, the loft blends raw architectural elements with contemporary updates. Enjoy building amenities including a rooftop pool, a barbecue area ideal for entertaining, and a gym. Gated on-site parking and secured entry provide peace of mind. Situated in the vibrant Arts District, you're surrounded by some of L.A.'s best dining, coffee, and culture, close to Urth Cafe, Verve Coffee, Bestia, Pavel, Soho Warehouse, SCI-Arc, and the charm of Little Tokyo.

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.9mi
6/10
Hollenbeck Middle School
Public,•6-8•1.3mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•1.4mi

Price History

Date
Event
Price
02/25/21
Sold
$865,000
04/20/06
Sold
$350,500
Condition Rating
Excellent
Despite being built in 1923, this loft has undergone an extensive and high-quality renovation, transforming it into a modern and stylish living space. The kitchen features sleek, dark cabinetry and stainless steel appliances, indicative of recent updates. The laundry area boasts high-end Miele appliances, suggesting attention to quality throughout. Polished concrete floors, contemporary light fixtures, and exposed brick walls create a 'virtually new' feel, meeting current quality standards with no visible deferred maintenance. The overall condition, particularly the key areas like the kitchen and laundry, reflects a recent, comprehensive remodel.
Pros & Cons

Pros

Prime Arts District Location: Situated in the vibrant heart of the Arts District, offering unparalleled access to L.A.'s best dining, coffee, culture, and popular establishments like Urth Cafe, Bestia, and Soho Warehouse.
Unique Live/Work Loft Design: A stunningly remodeled 1,300 sq ft loft blending industrial edge with modern sophistication, featuring soaring ceilings, polished concrete floors, exposed brick walls, and oversized windows.
Spacious and Flexible Open Floor Plan: The expansive open layout provides incredible flexibility, ideal for creatives, entrepreneurs, or anyone seeking a dynamic living and working environment with authentic character.
Desirable Building Amenities: Residents benefit from a rooftop pool, a barbecue area perfect for entertaining, and a gym, enhancing the urban living experience.
Enhanced Security and Parking: Gated on-site parking and secured entry offer peace of mind, a significant advantage in a bustling urban setting.

Cons

High Association Fees: The monthly association fee of $631.03 is substantial and could impact overall affordability and long-term ownership costs.
Limited Bedroom/Bathroom Count: With only 1 bedroom and 1 bathroom for 1,300 square feet, the property may not appeal to buyers seeking more private spaces or additional bathrooms, potentially limiting the buyer pool.
Potential for Urban Noise: Located on the first level in a highly vibrant Arts District, the unit may be susceptible to noise from street activity, restaurants, and nightlife.

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