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880 W 1st Street 703, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath

880 W 1st Street 703, Los Angeles, California 90012 home-pic-0
ACTIVE$630,000
880 W 1st Street 703, Los Angeles, California 90012
2Beds
2Baths
1,348Sqft
123,931Lot
Year Built
1982
Close
-
List price
$630K
Original List price
$630K
Price/Sqft
$467
HOA
$1,308
Days on market
-
Sold On
-
MLS number
25544571
Home ConditionFair
Features
Good View: City Lights
Pool
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $630.0K(58th), sqft - 1348(81th), beds - 2(50th), baths - 2(50th).

Location, location, location! Dream big with this 1348 sqft, 2 bedroom, 2 bathroom condo located in Promenade West on Bunker Hill, the original downtown living community. Nestled between the Music Center & Museums, City Hall and the heart of the financial district, this premium corner unit, with signature atrium windows is ideal as a corporate suite or home for the ambitious. The full-service building includes, swimming pool, fitness center, sauna, community room, dog park and 24 hour security, all within a tranquil park like setting. Also, within walking distance; Metro Regional Connector, Angel's Flight, Grand Central Market, Broadway Shopping District, China Town and Cathedral of Our Lady of the Angels.

Price History

Date
Event
Price
05/28/25
Listing
$630,000
Condition Rating
Fair
Built in 1982, the property's interior, particularly the kitchen and bathrooms, shows significant signs of being outdated. The kitchen features dark wood cabinetry, tiled countertops and backsplash, and an old fluorescent light fixture, consistent with 1980s/early 1990s styling. While some appliances are stainless steel, they appear to be piecemeal updates rather than a full renovation. The bedroom also features dated built-in wood cabinetry. The living area shows a mix of older carpet and potentially newer wood-look flooring (possibly virtual staging or a very recent, partial update). The property is functional but requires substantial cosmetic updates to meet current quality and style standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Exceptional Downtown Location: Positioned in the heart of Bunker Hill, offering unparalleled access to the Music Center, museums, City Hall, and the financial district, with excellent walkability to transit and cultural landmarks.
Extensive Building Amenities: Residents benefit from a full-service building featuring a swimming pool, fitness center, sauna, community room, dog park, and 24-hour security, fostering a luxurious and convenient living environment.
Premium Corner Unit Design: This premium corner unit boasts signature atrium windows, maximizing natural light and offering a unique architectural aesthetic within the building.
Versatile Property Use: The condo is well-suited as either a sophisticated corporate suite or a primary residence, appealing to a diverse range of ambitious buyers.
Desirable City Lights View: The property offers captivating city lights views, enhancing its appeal and providing an attractive backdrop for urban living.

Cons

High Monthly Association Dues: A substantial monthly association fee of $1,308 significantly adds to the ongoing cost of ownership, which could be a deterrent for some buyers.
Potential for Dated Interior: Constructed in 1982, the unit's interior may require updates to finishes and fixtures, as no recent renovations are specified in the description, potentially incurring additional buyer investment.
Unspecified Parking Arrangement: The listing does not explicitly detail parking availability or inclusion, which is a crucial amenity in downtown Los Angeles and could represent an additional cost or logistical challenge for residents.

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