939 S Broadway B3, Los Angeles, California 90015, Los Angeles, 90015 - 2 bed, 1 bath

939 S Broadway B3, Los Angeles, California 90015 home-pic-0
ACTIVE$499,999
939 S Broadway B3, Los Angeles, California 90015
2Beds
1Bath
849Sqft
15,498Lot
Year Built
1925
Close
-
List price
$500K
Original List price
$525K
Price/Sqft
$589
HOA
$604.8
Days on market
-
Sold On
-
MLS number
CV25181052
Home ConditionExcellent
Features
Excellent View: City Lights
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $500.0K(31th), sqft - 849(31th), beds - 2(57th), baths - 1(50th).

Welcome to the most affordably priced TWO BEDROOM unit in the area! Nestled in the heart of Downtown LA on the border of South Park and the Fashion District is 939 S. Broadway. This historic gem, adjacent to the famed Ace Hotel, was once the Western Costume Building, newly developed to seamlessly blend historic charm with contemporary living. Upon entering the unit, you will find a two bedroom, one bathroom, 849 square feet open layout with highceilings and modern industrial interiors. You will immediately notice the ample space and stainless steel appliances that come included in the kitchen. Additionally, the unit comes with in-unit stacked laundry, perfectly convenient for the building’s flexible living policy – including residential, rental, Airbnb, and live-work options. The building is equipped with 24-hour security and secured entrance access, as well as a rooftop retreat with a pool, spa, cabanas, and gym with a mesmerizing view of the city skyline. Explore the vibrant city scene just steps away, with dining, bars, and cultural landmarks at your doorstep.

Price History

Date
Event
Price
10/04/25
Price Change
$499,999-2.4%
09/10/25
Price Change
$512,499-2.4%
08/11/25
Listing
$524,999
Condition Rating
Excellent

Despite the 1925 build year, the property has been 'newly developed' into modern industrial lofts, indicating a recent and extensive renovation. The kitchen features sleek white cabinetry, stainless steel appliances, and a contemporary tile backsplash. The unit boasts high ceilings, modern track lighting, and consistent light-colored tile flooring throughout. All visible components appear new or virtually new, meeting current quality standards and requiring no immediate updates.
Pros & Cons

Pros

Prime Downtown Location: Situated in the vibrant heart of Downtown LA, bordering South Park and the Fashion District, offering unparalleled access to dining, entertainment, and cultural landmarks.
Exceptional Building Amenities: Features a luxurious rooftop retreat with a pool, spa, cabanas, gym, and mesmerizing city skyline views, complemented by 24-hour security.
Versatile Living & Investment Opportunity: Flexible policies allow for residential, rental, Airbnb, and live-work use, maximizing potential income and lifestyle options.
Historic Charm Meets Modern Design: A beautifully redeveloped historic building (former Western Costume Building) that seamlessly blends its original character with contemporary industrial interiors and high ceilings.
Competitive Value for a 2-Bedroom: Positioned as the most affordably priced two-bedroom unit in the area, further enhanced by a recent price reduction, offering strong value.

Cons

Substantial Monthly Association Fee: The $604.80 monthly association fee is relatively high and adds a significant recurring cost to ownership.
Limited Bathroom Count: A single bathroom for a two-bedroom unit may present practical challenges and reduce appeal for multiple occupants or families.
Absence of Dedicated Parking: The property description does not mention dedicated parking, which is a critical amenity and potential concern in a dense urban environment like Downtown LA.

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