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738 S Los Angeles St 701, Los Angeles, CA 90014

Sale Price: $550,000
Nov 8, 2024960 sqft1 beds1 baths
Listed by: Aimee Stern
License #: 01863933
Phone #: 323-841-3740
Douglas Elliman of California, Inc.
Source:
CRMLS Logo
MLS #: 24461271

Property Description

Sitting atop the Historic Eckardt Building in the Fashion District in DTLA is Penthouse 1, a jaw-dropping, front-facing, one-bedroom and one-bathroom penthouse loft. Spanning nearly 1000 square feet, the Eckardt Penthouse 1 offers unobstructed stunning city views, a NYC-style fire escape/informal balcony, a large open floor plan, 12-foot ceilings, a wall of oversized Fleetwood windows, a deluxe suite of stainless steel appliances, including an updated Bosch dishwasher, a Bosch gas range and microwave, an updated LG french door refrigerator, as well as an updated in-unit Bosch washer/dryer, an updated HVAC system, and a rare and coveted in-building underground parking space. The open, connected and fluid floor plan invites you to entertain, work, cook, chat and/or relax all while flooded in natural light and with the gorgeous blue sky and cityscape as your backdrop. As the day closes, steal away to your private bedroom, enclosed by sustainable natural cork tiled sliding doors for privacy and sound proofing, and unwind and sleep. The variations in color and texture of the original concrete floors contribute significantly to the historic character of the penthouse loft. The Eckardt building is located in Santee Village and the HOA includes access to and use of the community's rooftop pool, three spas, putting green, basketball court, BBQ facilities, as well as a state-of-the-art fitness center. The building has secured entry and 24-7 live security personnel. Close to many of the city's best and most celebrated restaurants and cultural landmarks. Property taxes are significantly reduced, up to 60% to 70% off, through the Mills Act. HOA fees include water, trash and gas. The Eckardt Penthouse 1 offers the luxe life at an exceptional price, and it may make a prescient investment with the forthcoming FIFA World Cup 2026 and the Summer Olympics 2028 slated to be hosted in Los Angeles.
Assignment
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Kevin Kretzmer
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Role: TurboHome Head Agent

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TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$7,542

TurboHome Estimated Value

$526,400

$548 sqft

High Valuation
$552,720
$576/sqft
Normal Valuation
$526,400
$548/sqft
Low Valuation
$500,080
$521/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$548/sqft$526,400

Neighborhood: Downtown

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Comparative Value

$435K

$444K

$479K

$535K

$550K

$550K

215 W 7th St 1106, Los Angeles, CA 90014

Sale Price: $435,000

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

315 E 8th St 302, Los Angeles, CA 90014

Sale Price: $535,000

Selected Comparable

738 S Los Angeles St 701, Los Angeles, CA 90014

List Price: $550,000

Subject Property

738 S Los Angeles St 701, Los Angeles, CA 90014

Sale Price: $550,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
738 S Los Angeles St 701, Los Angeles, CA 90014

738 S Los Angeles St 701, Los Angeles, CA 90014

List: $550,000

Listed: 11/8/2024

Area:960 sqft
Price/sqft:$573
Beds:1
Baths:1
Year Built:
Lot Size:38,308

Comparable Properties

COMPARABLE
Choose comps
738 S Los Angeles St 701, Los Angeles, CA 90014

738 S Los Angeles St 701, Los Angeles, CA 90014

Sale: $550,000

12/13/20240.00 mi

Area:960 sqft
Price/sqft:$573
Beds:1
Baths:1
Year Built:
Weight:21.6%
746 S Los Angeles St 704, Los Angeles, CA 90014

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

Sale: $444,000

12/5/20240.00 mi

Area:940 sqft
Price/sqft:$472
Beds:1
Baths:1
Year Built:
Weight:21.3%
746 S Los Angeles St 301, Los Angeles, CA 90014

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

Sale: $479,000

1/22/20250.00 mi

Area:860 sqft
Price/sqft:$557
Beds:1
Baths:1
Year Built:
Weight:20.3%
215 W 7th St 1106, Los Angeles, CA 90014

215 W 7th St 1106, Los Angeles, CA 90014

Sale: $435,000

2/7/20250.21 mi

Area:770 sqft
Price/sqft:$565
Beds:1
Baths:1
Year Built:
Weight:18.7%
315 E 8th St 302, Los Angeles, CA 90014

315 E 8th St 302, Los Angeles, CA 90014

Sale: $535,000

5/7/20250.06 mi

Area:1,010 sqft
Price/sqft:$530
Beds:2
Baths:1
Year Built:
Weight:18.2%

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