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880 W 1st Street 802, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath

880 W 1st Street 802, Los Angeles, California 90012 home-pic-0
ACTIVE$499,000
880 W 1st Street 802, Los Angeles, California 90012
1Bed
1Bath
1,006Sqft
123,931Lot
Year Built
1982
Close
-
List price
$499K
Original List price
$549K
Price/Sqft
$496
HOA
$1,220
Days on market
-
Sold On
-
MLS number
25530825
Home ConditionGood
Features
Excellent View: City Lights
Deck
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $499.0K(38th), sqft - 1006(42th), beds - 1(38th), baths - 1(42th).

Stunning top floor Penthouse unit with unobstructed DTLA skyline views at the Promenade West. Prime downtown location with a short distance to courthouses and civic buildings. Large & Bright Open Floor Plan w/ 1006 SQFT of Living Space + 2 large private balconies with retractable awning. South East exposure offers an abundance of natural light as well as expansive views of Disney Concert Hall, The Broad Museum, the DTLA skyline, and courtyard palm tree tops. Kitchen has been modernized with new cabinetry, quartz countertops, and stainless steel appliances. Remodeled bathroom showcases stone tiled shower, lighting and vanity. Hardwood floors throughout living space along with stone tiled flooring in kitchen. Large Master Walk In Closet. 1 assigned parking space in underground secured garage included (LEVEL 2 #18). Additional monthly parking available if needed. Promenade West is a Full Service Luxury Condominium Community Offering Ample Guest Parking, 24-Hour Security/Concierge, Pool, Spa, Exercise Room, Sauna, On Site Manager, & Basic Cable TV. Common Area Offers On-Site Dog Park, Lush Green Gardens w/ Serene Waterfalls. Local Convenience Store & Dry Cleaners Just Steps Away. Walk to Disney Concert Hall, Ahmanson Theater, Mark Taper Forum, Dorothy Chandler Pavilion, Grand Park, The Broad Museum, Restaurants, Courts, City Hall, & Metro Regional Connector. Walking score of 94 and a public transit score of 100. *Seller passed away peacefully in the unit. Trust sale, no probate required. HOA dues cover water, trash, General liability/fire + EQ insurance. Residents pay for their own electricity + internet.

Price History

Date
Event
Price
10/09/25
Price Change
$499,000-5.0%
09/24/25
Price Change
$525,000
04/27/25
Listing
$549,000
08/05/16
Sold
$545,000
09/05/95
Sold
$128,500
Condition Rating
Good
Built in 1982, this penthouse unit has undergone significant and recent renovations, including a modernized kitchen with new cabinetry, quartz countertops, and stainless steel appliances, as well as a remodeled bathroom with stone tiling and modern fixtures. Hardwood floors throughout the living space and stone tile in the kitchen are in excellent condition. The overall aesthetic is contemporary and move-in ready. However, the property's age (1982) and the noted 'Lack of Central Air Conditioning' prevent it from reaching an 'Excellent' score, as this is a significant functional drawback for a penthouse in Los Angeles, even with other systems being well-maintained and updated.
Pros & Cons

Pros

Prime Downtown Location & Walkability: Exceptional walk score (94) and public transit score (100), offering unparalleled access to cultural landmarks, entertainment venues, dining, civic centers, and the Metro Regional Connector.
Penthouse Unit with Unobstructed Views: Top-floor penthouse unit boasting stunning, unobstructed DTLA skyline views, including iconic landmarks like Disney Concert Hall and The Broad Museum, enhanced by abundant natural light from South East exposure.
Modernized Interior & Open Floor Plan: The unit features a recently updated kitchen with new cabinetry, quartz countertops, and stainless steel appliances, a remodeled bathroom, hardwood floors throughout, and a bright, open layout with two private balconies.
Full-Service Luxury Building Amenities: Promenade West offers comprehensive amenities including 24-hour security/concierge, a pool, spa, exercise room, sauna, on-site manager, ample guest parking, an on-site dog park, and lush gardens with waterfalls.
HOA Inclusions & Financial Benefits: The HOA dues cover essential utilities such as water and trash, along with general liability, fire, and earthquake insurance, providing significant financial peace of mind and reducing individual owner costs.

Cons

High Monthly HOA Dues: The association fee of $1220 per month is substantial and could be a significant ongoing cost for potential buyers, impacting overall affordability.
Lack of Central Air Conditioning: The property description does not mention a cooling system, which could be a notable drawback for a penthouse unit in Los Angeles, especially during warmer months.
Seller Passed Away in Unit: The disclosure that the seller passed away peacefully in the unit, while a trust sale, may present a psychological barrier for some potential buyers.

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