900 W Olympic Boulevard 31i, Los Angeles, California 90015, Los Angeles, 90015 - 2 bed, 2 bath

900 W Olympic Boulevard 31i, Los Angeles, California 90015 home-pic-0
ACTIVE$1,199,999
900 W Olympic Boulevard 31i, Los Angeles, California 90015
2Beds
2Baths
1,500Sqft
399,397Lot
Year Built
2010
Close
-
List price
$1.2M
Original List price
$1.27M
Price/Sqft
$800
HOA
$2,595
Days on market
-
Sold On
-
MLS number
24452699
Home ConditionGood
Features
Excellent View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(79th), sqft - 1500(73th), beds - 2(58th), baths - 2(56th).

Five Star Condominium at the Iconic Ritz Carlton Residences Los Angeles. The gold standard of high rise living in this highly sought after building with it's stunning architecture and stunning views. This is Residence 31i at an ample 1500 square feet with 2 bedrooms, 2 bathrooms and fantastic views of the Los Angeles cityscape. Other features include European wood flooring, kitchen cabinetry and appliances and of course the white glove services The Ritz Carlton is known for. Experience this lifestyle with a concierge, valet parking, on site Ritz Carlton Spa, a rooftop saltwater pool and access to room service and housekeeping are just highlights of what this very popular building offers. Make your appointment today.

Price History

Date
Event
Price
03/04/13
Sold
$1,190,011
Condition Rating
Good

Built in 2010, this 14-year-old condominium falls within the 'Good' age bracket. The property is move-in ready with no immediate renovations required. The images showcase a meticulously maintained unit with high-end, modern finishes throughout, including European wood flooring and contemporary design elements. The bathroom is particularly impressive, featuring sleek tiling, a modern floating vanity with dual sinks, and a glass-enclosed shower, all appearing to be in excellent condition. While the kitchen isn't fully visible, the description highlights 'European kitchen cabinetry and appliances,' suggesting high quality consistent with the Ritz Carlton Residences standard. All systems appear well-maintained with minimal wear and tear, reflecting a property that has aged gracefully due to its initial high-quality construction and ongoing upkeep.
Pros & Cons

Pros

Luxury Brand & Services: Residing in the iconic Ritz Carlton Residences, the property benefits from a prestigious 'Five Star Condominium' status and 'white glove services' including concierge, valet parking, room service, and housekeeping.
Premium Amenities: Residents have access to exclusive on-site amenities such as a Ritz Carlton Spa and a rooftop saltwater pool, enhancing the luxury lifestyle experience.
Panoramic City Views: The residence offers 'fantastic views of the Los Angeles cityscape' and 'City Lights,' a highly desirable feature for high-rise living.
Prime Downtown Location: Situated in the 'highly sought after building' in Downtown L.A. (C42), providing excellent access to urban conveniences, entertainment, and business districts.
Modern Construction & Finishes: Built in 2010, the unit features contemporary design elements including 'European wood flooring, kitchen cabinetry and appliances,' ensuring a modern and high-quality living space.

Cons

Exorbitant Association Fees: The monthly association fee of $2,595 is exceptionally high, significantly increasing the total cost of ownership and potentially narrowing the pool of prospective buyers.
Limited Capital Appreciation: The property's sales history indicates minimal price appreciation over the past decade (sold for approximately $1.19M in 2013, listed for approximately $1.2M now), which may be a concern for buyers seeking investment growth.
Urban Environment Drawbacks: While a prime location, the downtown setting inherently comes with potential for urban noise, traffic, and high density, which might not appeal to all luxury buyers seeking a quieter or more private environment.

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