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939 S Broadway 304, Los Angeles, CA 90015

List Price: $619,000On Market FlagOn market
Sep 27, 2024750 sqft1 beds1 baths
Listed by: Michael Musha'Sha
License #: 02059181
Phone #: 415-314-1911
Compass
Source:
CRMLS Logo
MLS #: 24446057

Property Description

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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$7,023

TurboHome Estimated Value

$543,600

$725 sqft

High Valuation
$570,780
$761/sqft
Normal Valuation
$543,600
$725/sqft
Low Valuation
$516,420
$689/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$725/sqft$543,600

Neighborhood: Downtown

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Comparative Value

$365K

$380K

$400K

$444K

$479K

$619K

746 S Los Angeles St 509, Los Angeles, CA 90014

Sale Price: $365,000

Selected Comparable

315 E 8th St 1003, Los Angeles, CA 90014

Sale Price: $380,000

Selected Comparable

746 S Los Angeles St 906, Los Angeles, CA 90014

Sale Price: $400,000

Selected Comparable

746 S Los Angeles St 704, Los Angeles, CA 90014

Sale Price: $444,000

Selected Comparable

746 S Los Angeles St 301, Los Angeles, CA 90014

Sale Price: $479,000

Selected Comparable

939 S Broadway 304, Los Angeles, CA 90015

List Price: $619,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
939 S Broadway 304, Los Angeles, CA 90015

939 S Broadway 304, Los Angeles, CA 90015

List: $619,000

Listed: 9/27/2024

Area:750 sqft
Price/sqft:$825
Beds:1
Baths:1
Year Built:
Lot Size:15,500

Comparable Properties

COMPARABLE
Choose comps
746 S Los Angeles St 906, Los Angeles, CA 90014

746 S Los Angeles St 906, Los Angeles, CA 90014

Sale: $400,000

8/11/20250.35 mi

Area:790 sqft
Price/sqft:$506
Beds:1
Baths:1
Year Built:
Weight:23.5%
746 S Los Angeles St 301, Los Angeles, CA 90014

746 S Los Angeles St 301, Los Angeles, CA 90014

Sale: $479,000

1/22/20250.35 mi

Area:860 sqft
Price/sqft:$557
Beds:1
Baths:1
Year Built:
Weight:19.8%
315 E 8th St 1003, Los Angeles, CA 90014

315 E 8th St 1003, Los Angeles, CA 90014

Sale: $380,000

10/1/20240.35 mi

Area:660 sqft
Price/sqft:$576
Beds:1
Baths:1
Year Built:
Weight:19.7%
746 S Los Angeles St 509, Los Angeles, CA 90014

746 S Los Angeles St 509, Los Angeles, CA 90014

Sale: $365,000

10/15/20240.35 mi

Area:630 sqft
Price/sqft:$579
Beds:1
Baths:1
Year Built:
Weight:19.1%
746 S Los Angeles St 704, Los Angeles, CA 90014

746 S Los Angeles St 704, Los Angeles, CA 90014

Sale: $444,000

12/5/20240.35 mi

Area:940 sqft
Price/sqft:$472
Beds:1
Baths:1
Year Built:
Weight:17.9%

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