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880 W 1st Street 707, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath

880 W 1st Street 707, Los Angeles, California 90012 home-pic-0
ACTIVE$699,000
880 W 1st Street 707, Los Angeles, California 90012
2Beds
2Baths
1,348Sqft
123,931Lot
Year Built
1982
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$519
HOA
$1,308
Days on market
-
Sold On
-
MLS number
25497699
Home ConditionFair
Features
Excellent View: City Lights
Pool
Spa
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(73th), sqft - 1348(81th), beds - 2(50th), baths - 2(50th).

Come take a look at this stunning Bunker Hill Promenade Condo. 2Br. 2Ba. This amazing building has a high-end resort vibe. It offers open floor plan, kitchen with granite countertops, breakfast bar, stainless steel appliances, recessed lighting, walk-in closet, dual-sink bathroom, sliding doors leading to the balcony, Venetian Plaster throughout, lots of natural light, building amenities include a pool, hot tub, gym, sauna, steam room, conference room, community area lounge, storage, dog park. I comes with 2 side-by-side underground parking spaces and ample guests parking a rarity in downtown LA, 24 hr. front desk reception and security. Just steps away from the world-renowned Disney Concert Hall and all the culture, dining, and entertainment that downtown has to offer. The location is amazing it offers the best of Urban Living. Convenient local stores and dry cleaners are just steps away.

Price History

Date
Event
Price
02/12/25
Listing
$699,000
06/10/05
Sold
$595,000
10/15/99
Sold
$230,000
Condition Rating
Fair
Built in 1982, this condo is well-maintained and move-in ready, featuring updates like granite countertops, stainless steel appliances, recessed lighting, and dual-sink bathrooms. However, the dark wood kitchen cabinets, specific granite style, Venetian Plaster walls, and carpeting throughout suggest these renovations were likely completed 15-25 years ago, aligning with the 'Fair' category's criteria for properties built over 20 years ago but renovated 15-30 years ago. While functional, the aesthetic is somewhat dated and would benefit from cosmetic updates to meet current design trends.
Pros & Cons

Pros

Exceptional Downtown LA Location: The property boasts a prime location in Bunker Hill, steps away from the Disney Concert Hall and the vibrant cultural, dining, and entertainment scene of downtown Los Angeles, offering the best of urban living.
Comprehensive Resort-Style Amenities: Residents benefit from a 'high-end resort vibe' with extensive building amenities including a pool, hot tub, gym, sauna, steam room, conference room, community lounge, storage, and a dog park.
Premium Parking Availability: A significant advantage in downtown LA, the property includes two side-by-side underground parking spaces and ample guest parking, a rare and highly desirable feature.
Modern & Updated Interior: The condo features an open floor plan, a kitchen with granite countertops, stainless steel appliances, and a breakfast bar, along with Venetian Plaster, a walk-in closet, dual-sink bathroom, and natural light.
Enhanced Security & Services: The building provides peace of mind with 24-hour front desk reception and security, adding to the convenience and safety for residents.

Cons

High Monthly Association Fee: The association fee of $1308.0 per month is substantial and could be a significant ongoing cost for potential buyers, impacting overall affordability.
Building Age: Built in 1982, the building is over 40 years old. While the unit appears updated, the age of the overall structure might raise concerns about potential future maintenance, infrastructure, or special assessments.
Urban Environment Trade-offs: While the downtown location is a strength for many, the dense urban environment inherently comes with potential drawbacks such as higher noise levels or limited private outdoor space beyond the balcony, which may not appeal to all buyers.

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