527 Molino Street 209, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

527 Molino Street 209, Los Angeles, California 90013 home-pic-0
ACTIVE$715,000
527 Molino Street 209, Los Angeles, California 90013
1Bed
1Bath
890Sqft
Lot
Year Built
2014
Close
-
List price
$715K
Original List price
$739K
Price/Sqft
$803
HOA
$566.33
Days on market
-
Sold On
-
MLS number
P1-20954
Home ConditionGood
Features
Excellent View: Courtyard
Pool
Spa
ViewCourtyard

About this home

We found 3 Cons,5 Pros. Rank: price - $715.0K(64th), sqft - 890(45th), beds - 1(50th), baths - 1(50th).

Discover the allure of this stunning loft in a historic brick building featuring original heavy timber beams from the 1910s, elegantly converted into industrial live/work spaces in 2014. This sunny unit offers serene courtyard views through its floor-to-ceiling double-paned windows. The open kitchen is equipped with soft-close cabinets, S/S appliances, and a kitchen island with ample storage. The cozy bedroom area is tucked away in a nook, flexible room arrangements to suit your needs. The spacious bathroom includes an oversized soaking tub, in-unit laundry, and a central heating system controlled by a Nest. One dedicated parking space in a secured garage. Enjoy luxurious amenities such as a resort-style rooftop with a pool, spa, fire pits, cabanas, BBQ area, and fitness center, enhancing your urban lifestyle. Security personnel are available 24/7 for your peace of mind. Situated near acclaimed eateries and coffee shops--like Bavel, Bestia, and Hauser & Wirth--you'll be surrounded by rich culinary and cultural experiences. Neighboring landmarks include The SoHo House, Warner Brothers, and Spotify, with easy access to Arts District Park and major freeways, metro, and train stations. Experience the vibrant lifestyle awaiting you in the flourishing Arts District of Downtown LA!

Price History

Date
Event
Price
12/20/17
Sold
$705,000
06/24/14
Sold
$525,000
Condition Rating
Good

This loft, converted in 2014, is 10 years old and presents in excellent, move-in ready condition. The kitchen features modern stainless steel appliances, soft-close cabinets, and an island, all appearing well-maintained and contemporary. The bathroom boasts a modern vanity, subway tile, glass shower screen, and an oversized soaking tub, along with high-end in-unit laundry. Hardwood flooring is consistent throughout, and light fixtures are modern. While not newly built or renovated within the last 5 years to qualify as 'Excellent,' its 2014 conversion places it perfectly within the 'Good' category, indicating a well-maintained property with functional systems and minimal wear and tear, requiring no immediate renovations.
Pros & Cons

Pros

Prime Arts District Location: Situated in the flourishing Arts District of Downtown LA, offering exceptional walkability to acclaimed eateries, cultural venues, and major transit options (freeways, metro, train stations), providing a vibrant urban lifestyle.
Extensive Luxury Amenities: The building boasts resort-style rooftop amenities including a pool, spa, fire pits, cabanas, BBQ area, and fitness center, complemented by 24/7 security personnel, significantly enhancing resident lifestyle and peace of mind.
Historic Charm & Modern Conversion: A unique aesthetic combining original 1910s heavy timber beams from a historic brick building with an elegant 2014 industrial live/work conversion, appealing to buyers seeking character and contemporary design.
Modern Interior Features: The unit features an open kitchen with S/S appliances, soft-close cabinets, and an island, a spacious bathroom with an oversized soaking tub and in-unit laundry, and central heating controlled by a Nest thermostat.
Dedicated Secured Parking: Includes one dedicated parking space in a secured garage, a highly valuable and convenient asset in a dense urban environment like Downtown Los Angeles.

Cons

High Association Fee: The monthly association fee of $566.33 is substantial and adds significantly to the overall cost of ownership, which may impact affordability and long-term investment considerations for potential buyers.
Open Concept Bedroom: The description of a 'cozy bedroom area tucked away in a nook' and 'flexible room arrangements' suggests an open-concept loft design, which may lack the privacy and defined separation of a traditional bedroom, potentially not suiting all buyer preferences.
No Air Conditioning Mentioned: While central heating is specified, the property description does not explicitly mention the presence of an air conditioning system, which is a crucial amenity for comfort during Los Angeles's warmer months.

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