Between these 2 older places in Bangsar, which would you pick and why?

Condo 1 : The Loft (Jalan Penaga)
-3900sf over 2 levels.
-Basic unit with some very minor ID work done 7 years ago.
-1 of 15 units.
-3 carparks.
-4+1 rooms.
-Needs some attention as it is starting to get tired but can move in yesterday.

Condo 2 : One Menerung.
-3300sf.
-Very bare unit as everything been removed and thrown out. Let's just say a crazy woman lived in here before and destroyed nearly everything when her ex-husband left her.
-Mid floor unit.
-4 carparks.
-3+1 rooms.
-It looks like a dump and will need a proper sorting out, basically a sledgehammer was used to destroy the place. Basically anything that can be broken has been broken.

Price? Market value for both are roughly the same. Owner of Condo 2 will take off RM200k from his asking price.

It does have its plus points too.
Currently narrowed down to Bangsar only for location.

Actually both these units belong to my old man. Buying it off him at a discount so budget isn't really in the picture.

My house I have a booking fee on it right now.

While both these units are a bit big in size for us, I guess for the discount I could tolerate the size.

As much as I'd love to buy off plan it isn't an option for us right now and subsales it is for us though the 1M will essentially be a new place as it will need a full re-doing of the interior with some much damages to it. 
I do like the area, however I have to face up to reality that these types of older neighbourhoods isn't suitable for us any longer.

As much as I don't care much for living among snobs the reality of it is we will need the security and convenience of being in a place that's more accessible for our lifestyle.

The Loft has been without a tenant for 3 years. Even after lowering rental by 1/3 from its high still no takers.

1M has many units that have been empty too and difficult to rent these days unless you have plenty of money to do ID or renovation works.

This is a rental market I am staying away from.