$619,000

Estimated payment $4,489/month

Total Views 173,537
1 Bed
1 Bath
750 Sq Ft
$825 Price per Sq Ft

Highlights

  • Concierge
  • Fitness Center
  • Rooftop Deck
  • Community Cabanas
  • 24-Hour Security
  • Panoramic View

About This Home

Amazing AirBnB investment opportunity in DTLA! This art-deco themed unit boasts 9' ceilings, upgraded soundproof windows, natural light, neutral tile, quartz counters, and SS appliances. Everything conveys. Everything is included to begin generating income from Day 1. This is an opportunity to purchase a successful short-term rental in a prime location, close to shops, restaurants/bars, and Crypto arena. Building amenities include rooftop pool/spa, on site gym, 24-hour security, and the lowest HOA fees in DTLA. This is an active AirBnB. Please text listing agent to coordinate a viewing on cleaning days. No lockbox access. Please schedule showings in advance. This property is one of the few that through a successful application is allowed to operate Transient Occupancy Tax (TOT) which allows for AIrBnB with the correct permits that are renewable on a yearly basis. To further attract this property, all Furniture and Furnishings will be included in the sale. Additionally, The unit features upgraded windows for sound deadening that sets this unit apart for comfort. This property is in a census tract that has been designated a High Cost Area. For FTHBs with income less than $10,570/mo, the High Cost Area Purchase Program offers up to $16,023 in agency credits for an interest rate buy down. Please consult with a licensed mortgage professional for more details.

Listing Agent

Michael Musha'Sha

Compass License #02059181 Listed on: 09/27/2024

Compass

Co-Listing Agent

Shannon Thomas

eXp Realty of California Inc License #02014588

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,075

Year Built

  • Built in 1924

HOA Fees

  • $510 Monthly HOA Fees

Property Views

  • Panoramic

Home Design

  • Slab Foundation

Interior Spaces

  • 750 Sq Ft Home
  • Furnished
  • Double Pane Windows
  • Living Room
  • Tile Flooring

Kitchen

  • Convection Oven
  • Electric Oven
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Pool

  • Heated Lap Pool
  • Heated In Ground Pool
  • Heated Spa

Additional Features

  • Sprinkler System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 5139-003-060

Community Details

Overview

  • Association fees include insurance, trash, water, concierge
  • 151 Units
  • Association Phone (213) 460-3574
  • High-Rise Condominium
  • 11-Story Property

Amenities

  • Concierge
  • Doorman
  • Sundeck
  • Community Barbecue Grill
  • Picnic Area
  • Trash Chute
  • Elevator
  • Reception Area

Recreation

  • Fitness Center
  • Community Cabanas
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,075

Year Built

Built in 1924

Lot Details

0

HOA Fees

$510 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: 939Lofts
  • Entry Floor: 304
  • Entry Location: Elevator
  • Living Area: 750
  • Lot Acreage: 0.3558
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 11
  • Unit Floor In Building: 3
  • Year Built: 1924
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Appliances: Oven-Electric, Convection Oven
  • Bedrooms: 1
  • Fireplaces: 0
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Quartz Counters, Island
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dryer, Dishwasher, Hood Fan, Washer, Recirculated Exhaust Fan, Refrigerator
  • Fireplace: No
  • Price Per S Q F T: 825.33
  • Windows: Double Pane Windows

Exterior Features

  • Construction: Block, Brick
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Pool Description: Association Pool, Lap Pool, Heated
  • Pool: Yes
  • Spa: Heated
  • Spa Yn: Yes
  • View: Skyline, Panoramic
  • View: Yes

Utilities

  • Cooling: Air Conditioning
  • Heating: Forced Air
  • Security: 24 Hour, Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Connected and Paid
  • Water: On Site

Association/Amenities

  • Amenities: Concierge, Exercise Room, Sun Deck, Pool, Assoc Barbecue, Controlled Access, Elevator, Onsite Property Management, Spa, Private Cabana, Picnic Area
  • Pet Rules: Permitted Types, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Insurance, Trash, Water, Concierge
  • High Rise: 24-Hour Concierge, Concierge, Entrance Lobby, Door Person, On-Site Guard, Reception Desk, Passenger Elevator, Sun Deck, Rooftop Spa, Rooftop Sky Deck, Trash Chute
  • HOA Fees: 510.00
  • Phone: 2134603574|
  • HOA: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 5139-003-060
  • Lot Size Area: 15498

Rental Info

  • Furnished: Furnished
  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 151

Tax Info

  • Mello Roos: Unknown

MLS Schools

  • School District: Los Angeles Unified

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,075 $567,597 $185,917 $381,680
2024 $7,075 $556,469 $182,272 $374,197
2023 $6,941 $545,559 $178,699 $366,860
2022 $6,629 $534,863 $175,196 $359,667
2021 $6,570 $524,376 $171,761 $352,615
2020 $3,979 $311,570 $25,500 $286,070
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 For Sale $619,000 -- $825 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 24-446057

The MLS

APN: 5139-003-060