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738 S Los Angeles Street 501, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath

738 S Los Angeles Street 501, Los Angeles, California 90014 home-pic-0
ACTIVE$495,000
738 S Los Angeles Street 501, Los Angeles, California 90014
1Bed
1Bath
960Sqft
38,308Lot
Year Built
1914
Close
-
List price
$495K
Original List price
$495K
Price/Sqft
$516
HOA
$859
Days on market
-
Sold On
-
MLS number
25533087
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $495.0K(67th), sqft - 960(67th), beds - 1(50th), baths - 1(50th).

A MUST SEE w/ Parking On-Site. Price reduced to sell. This stunning, light-flooded, west-facing unit is one of the most sought-after floor plans at Eckardt Lofts. What makes this unit so special is the functional T-shaped floor plan,12-foot ceilings, multiple oversized historic industrial windows, iconic fire escape access, and spectacular views of the City and Downtown LA skyline. (45k+ in upgrades). The new designer kitchen and remodeled bathroom are a recent complement to the industrial vibe. Additional features include polished concrete flooring, a KitchenAid Appliance Package, a nest thermostat, updated lighting fixtures, a walk-in pantry, and a very large bedroom closet. The laundry room was modified for easy access. The Eckardt Lofts and Santee Village Association deliver an abundance of amenities that include rooftops with amazing views, a swimming pool, multiple hot tub locations, multiple BBQ locations, a half basketball court, a gym, a gourmet market, a food hall, and more. Eckardt Lofts resides in the Fashion District a vibrant neighborhood that is home to some of Downtown's best restaurants, coffee shops, fashion stores, and yes, the lovely wholesale flower market. Sonoratown, Holy Basil, Vegan Hooligans, Poppy + Rose, Dama, Rossoblu, Civil Coffee, and Virtue Coffee are just a few hotspots to name. Eckardt Lofts is a registered Historical Landmark benefiting from the Mills Act Program. This does qualify the homeowner for a property tax discount of up to 70%. The Bldg is zoned live work. The original structure is 1914 and the condo conversion was in 2007.

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.5mi
4/10
John Adams Middle School
Public,•6-8•1.8mi
5/10
Santee Education Complex
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.2mi

Price History

Date
Event
Price
12/01/17
Sold
$617,000
Condition Rating
Excellent
Despite the building's 1914 origin, this unit has undergone extensive and recent renovations, including a 'new designer kitchen' and 'remodeled bathroom,' along with '$45k+ in upgrades.' The property features polished concrete flooring, a KitchenAid appliance package, a Nest thermostat, and updated lighting fixtures, all indicative of modern, high-quality standards. The images confirm a sleek, contemporary aesthetic in the kitchen and bathroom, with new cabinetry, countertops, and fixtures. This level of recent, comprehensive updating in key areas places the unit's condition firmly in the 'excellent' category, meeting the criteria of being extensively renovated within the last 5 years.
Pros & Cons

Pros

Historic Charm & Modern Renovation: The unit seamlessly blends its 1914 industrial origins with 12-foot ceilings, oversized windows, and fire escape access, enhanced by over $45k in recent designer kitchen/bath upgrades, polished concrete floors, and smart home features.
Extensive Building Amenities: Residents benefit from a wide array of Santee Village amenities, including multiple rooftops with panoramic views, a swimming pool, hot tubs, BBQ areas, a half basketball court, gym, gourmet market, and food hall.
Vibrant Downtown Location: Situated in the dynamic Fashion District, the property offers immediate access to acclaimed restaurants, coffee shops, fashion boutiques, the wholesale flower market, and other cultural hotspots.
Substantial Property Tax Savings: As a registered Historical Landmark under the Mills Act Program, the homeowner is eligible for a significant property tax discount of up to 70%.
Desirable Unit Attributes & Parking: Features a sought-after, light-flooded, west-facing T-shaped floor plan with spectacular City and Downtown LA skyline views, complemented by the convenience of on-site parking.

Cons

High Monthly HOA Fees: The $859 monthly association fee is substantial for a 1-bedroom unit, potentially impacting overall affordability and long-term ownership costs.
Significant Price Drop: The current list price of $495,000 is considerably lower than its 2017 sale price of $617,000, which may suggest market challenges or a highly motivated seller.
Absence of Private Outdoor Space: While the building offers extensive communal outdoor amenities, the unit itself lacks a private balcony or patio, which could be a drawback for buyers seeking personal outdoor living areas.

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