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645 W 9th Street 424, Los Angeles, California 90015, Los Angeles, 90015 - 1 bed, 1 bath

645 W 9th Street 424, Los Angeles, California 90015 home-pic-0
ACTIVE$400,000
645 W 9th Street 424, Los Angeles, California 90015
1Bed
1Bath
754Sqft
Lot
Year Built
2006
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$531
HOA
$908
Days on market
-
Sold On
-
MLS number
25515865
Home ConditionGood
Features
Good View: City Lights
Deck
Pool
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $400.0K(8th), sqft - 754(23th), beds - 1(50th), baths - 1(50th).

Best priced unit in the building. Live/Work Loft at the Market Lofts, you will enjoy a contemporary lifestyle. This east-facing unit boasts a spacious balcony larger than the average for this size of unit, stainless steel appliances, an in-unit washer and dryer, and hardwood floors. The building offers an array of amenities, including a pool, gym, barbecue area, residents lounge, 24/7 security, front desk, and movie theater. Located in the heart of DTLA South Park, the Market Lofts is conveniently situated near Whole Foods, Ralphs, LA Live, Metro Station, and a plethora of restaurants and entertainment options. One parking space is included with direct access.

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
12/20/07
Sold
$430,000
Condition Rating
Good
Built in 2006, this loft is 18 years old, fitting well within the 'Good' condition criteria. The unit features hardwood floors and stainless steel appliances in a modern-style kitchen, which appears well-maintained and functional. While the kitchen's aesthetic might not be brand-new, it remains contemporary and move-in ready with no immediate renovation required. The overall condition, including the exposed concrete ceilings and ductwork, aligns with the intended loft design and shows minimal wear and tear.
Pros & Cons

Pros

Exceptional DTLA Location: Prime South Park location with unparalleled access to dining, entertainment (LA Live), retail (Whole Foods, Ralphs), and public transit (Metro Station).
Extensive Building Amenities: Offers a resort-like lifestyle with a pool, gym, BBQ area, residents lounge, movie theater, and 24/7 security/front desk.
Competitive Value: Positioned as the 'best priced unit in the building' at $400,000, offering strong value for a DTLA loft.
Desirable Unit Features: Includes a spacious balcony, modern finishes (stainless steel appliances, hardwood floors), in-unit laundry, and a city lights view, plus a dedicated parking space.
Live/Work Flexibility: The 'Live/Work Loft' designation provides versatility for residents seeking a dynamic urban lifestyle.

Cons

High Monthly Association Fees: The $908.0 association fee is significant and adds considerably to the monthly cost of ownership.
Compact Living Space: At 754 sqft, the unit offers limited living area, which may not suit buyers seeking more expansive accommodations.
Subpar Local School Ratings: The surrounding public schools have average to below-average ratings, which could be a deterrent for buyers with children, though less common for loft residents.

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