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645 W 9th Street 407, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

645 W 9th Street 407, Los Angeles, California 90015 home-pic-0
ACTIVE$429,000
645 W 9th Street 407, Los Angeles, California 90015
1Bed
1Bath
660Sqft
74,742Lot
Year Built
2006
Close
-
List price
$429K
Original List price
$429K
Price/Sqft
$650
HOA
$566.07
Days on market
-
Sold On
-
MLS number
25497337
Home ConditionGood
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $429.0K(12th), sqft - 660(12th), beds - 1(50th), baths - 1(50th).

***SELLER'S PREFERRED LENDER IS ABLE TO UNDERWRITE AN FHA LOAN ON THIS UNIT*** Welcome to your next home at Market Lofts in the heart of South Park, the most desirable neighborhood in DTLA! At Market Lofts, a newer condominium building, you will find more value here per dollar than anywhere else in the metro area. Unit 407 is a west-facing unit with a generous balcony that overlooks a hushed block of Flower Street, with city lights views that remind you that you're surrounded by the most exciting opportunities in Downtown LA. The unit features a large walk-in closet, an in-unit washer/dryer, upgraded lighting fixtures, a newer A/C condenser, a breakfast bar and a covered parking spot in the adjacent parking garage. Currently styled with excellent taste, the owner is willing to negotiate the sale of furniture and artwork for a turnkey move-in opportunity for the next owner. Market Lofts is impeccably maintained and offers its residents 24-hour security, a pool and spa, fitness center, community space, on-site management and a private movie theatre. First Showings to be at the Open House Sunday, Feb. 16th from 1-4pm. By appointment after that.

Nearby schools

2/10
Tenth Street Elementary School
Public,•K-5•0.8mi
3/10
John H. Liechty Middle School
Public,•6-8•0.9mi
3/10
Belmont Senior High School
Public,•9-12•1.1mi

Price History

Date
Event
Price
02/27/24
Sold
$422,500
08/31/09
Sold
$314,000
Condition Rating
Good
Built in 2006, this unit falls within the 10-20 year age range for a 'Good' condition score. The images reveal a well-maintained property with a contemporary aesthetic. The kitchen features modern dark cabinetry, light solid-surface countertops, subway tile backsplash, and stainless steel appliances that appear to be in excellent condition. The bathroom also presents a modern vanity, fixtures, and tiling. The description notes 'upgraded lighting fixtures' and a 'newer A/C condenser,' indicating recent updates to key components. Flooring throughout the living areas and bedroom appears to be engineered wood or laminate, clean and well-kept. The property is move-in ready with no immediate renovations required, aligning perfectly with the 'Good' criteria.
Pros & Cons

Pros

Prime Location & Neighborhood: Located in the heart of South Park, described as the 'most desirable neighborhood in DTLA,' offering exciting opportunities and urban living.
Extensive Building Amenities: Market Lofts provides residents with 24-hour security, a pool and spa, fitness center, community space, on-site management, and a private movie theatre.
FHA Loan Eligibility: The seller's preferred lender can underwrite an FHA loan, potentially broadening the buyer pool and offering more accessible financing options.
Desirable Unit Features & Parking: The unit boasts a generous west-facing balcony with city lights views, a large walk-in closet, in-unit washer/dryer, upgraded lighting, a newer A/C condenser, a breakfast bar, and a valuable covered parking spot.
Turnkey Opportunity: The owner is willing to negotiate the sale of furniture and artwork, providing a convenient turnkey move-in option for the next owner.

Cons

Compact Unit Size: At 660 sqft, this 1-bedroom, 1-bath unit is relatively small, which may limit appeal for buyers seeking more spacious living arrangements.
High Association Fees: The monthly association fee of $566.07 is substantial for a unit of this size, adding a significant recurring cost to ownership.
Recent Sales History: The property was recently sold in February 2024 for $422,500 and is now listed at $429,000, which might raise questions about immediate value appreciation or seller motivation for potential buyers.

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