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880 W 1st Street 524, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath

880 W 1st Street 524, Los Angeles, California 90012 home-pic-0
ACTIVE$695,000
880 W 1st Street 524, Los Angeles, California 90012
2Beds
2Baths
1,323Sqft
123,931Lot
Year Built
1982
Close
-
List price
$695K
Original List price
$695K
Price/Sqft
$525
HOA
$1,303
Days on market
-
Sold On
-
MLS number
25515235
Home ConditionGood
Features
Good View: City Lights
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $695.0K(69th), sqft - 1323(81th), beds - 2(50th), baths - 2(50th).

Welcome to the PROMENADE WEST! Nestled in Los Angeles Downtown BUNKER HILL DISTRICT. Spacious 2 Bedroom 2 Bathroom over 1,300 sf with views of DTLA skyline. Enjoy LA culture with easy access to WALT DISNEY CONCERT HALL, BROAD MUSEUM, LITTLE TOKYO, the ARTS DISTRICT, and much more; watch the new year fire works at GRAND CENTRAL PARK right from your living room! The unit boasts recessed lighting, plantation shutters, & tile/hardwood flooring throughout. Master suite with remodeled bathroom, walk-in closet, built-in cabinets, & attached balcony. Upgraded kitchen with stainless steel appliances, wine cooler, Quartz counter top, and breakfast bar. Second bedroom with its own bathroom. 2 assigned parking spaces with extra cabinets. The community offers gym & fitness center, hot tub spa & dry sauna, swimming pool with kitchen & BBQ, and a dog-run park surrounded by beautiful courtyard full of luscious greenery and serene waterfalls. Concierge service, 24-hour security, on site manager, and plenty of guest parking.

Price History

Date
Event
Price
12/30/14
Sold
$495,000
Condition Rating
Good
The property, built in 1982, has undergone significant and recent renovations, including an upgraded kitchen with stainless steel appliances, quartz countertops, and a wine cooler, as well as a remodeled master bathroom with modern finishes. The unit features recessed lighting and tile/hardwood flooring throughout, presenting a move-in ready condition with no immediate renovation required. While the building is over 40 years old and the second bathroom appears less updated than the master, the overall interior quality, style, and features, particularly in the kitchen and master bath, align with a 'Good' rating, indicating extensive renovations within the last 5-15 years. The unspecified cooling system is a minor drawback but does not detract significantly from the overall well-maintained and updated state of the unit.
Pros & Cons

Pros

Prime Downtown Location: Nestled in the Bunker Hill District, offering unparalleled access to cultural landmarks like Walt Disney Concert Hall, Broad Museum, Little Tokyo, and the Arts District.
Panoramic City Views: Features captivating DTLA skyline views, including a unique vantage point for Grand Central Park fireworks directly from the living room.
Extensive Community Amenities: The community boasts a gym, fitness center, hot tub spa, dry sauna, swimming pool with kitchen & BBQ, and a dog-run park amidst lush courtyards and waterfalls.
Upgraded Interior & Spacious Layout: A generous 1,300+ sqft unit with recessed lighting, plantation shutters, tile/hardwood flooring, a remodeled master bathroom, and an upgraded kitchen with stainless steel appliances, wine cooler, and Quartz countertops.
Premium Building Services & Parking: Benefits from concierge service, 24-hour security, on-site management, ample guest parking, and two assigned parking spaces with additional storage.

Cons

High Monthly Association Fee: The substantial monthly association fee of $1,303 could be a significant ongoing cost for potential buyers.
Building Age: Built in 1982, the property is over 40 years old, which may lead to higher maintenance costs or potential for future special assessments compared to newer constructions.
Unspecified Cooling System: The description does not mention a central air conditioning system, which could be a notable concern for comfort during warmer months in Los Angeles.

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