ActiveCondominium

880 W 1st Street 506

Los Angeles, CA, 90012

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$608,000

MLS: 26640965

Beds

2

Baths

2

Sq Ft

1,364

Lot

2.85 ac

Year Built

1982

MLS #

26640965

Days on Market

8

Listed

Jan 19, 2026

Description

WELCOME TO PROMENADE WEST IN DOWNTOWN LOS ANGELES. A FULL SERVICE LUXURY CONDO ON BUNKER HILL. THIS REMODELED 2 BEDROOM 2 BATHROOM IS SPACIOUS WITH OVER 1360 SQFT WITH AN BRIGHT & AIRY GREENHOUSE. UNIT HAS 2 BALCONIES, PLANTATION SHUTTERS, CROWN MOULDINGS, ATRUIM WINDOWS, FACING WEST. WITH SO MANY AMENITIES SUCH A,S 24 HOUR SECURITY, POOL, SPA, SAUNA, COMMUNITY ROOM, CONFERENCE ROOM, GYM/FITNESS CENTER, BBQ AREA, FIRE PIT, DOG RUN, SOUTH GARDEN AND VISITORS PARKING. UNIT IS ONLY MOMENTS AWAY FROM CONCERT HALL, LA OPERA, MASTER CHORALE, BROAD MUSUEM, THE GRAND, LA LIVE CRYPTO.COM ARENA, SO MANY RESTAURANTS AND ALL DOWNTOWN HAS TO OFFER. COME TO SEE THIS LOCAL GEM ON BUNKER HILL.

Location

Los Angeles, Los Angeles County, CA 90012

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Listed by: Russell Chan · Wilshire Metro Realty, Inc.

Payment estimate

$4,523

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $60,800 · Loan: $547,200

%
Principal & Interest
$3,362
Property tax (1.25%)
$633
Homeowners insurance
$300
Mortgage insurance
$228
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $21,280 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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