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108 W 2nd Street 214, Los Angeles, California 90012, Los Angeles, 90012 - bed, 1 bath

108 W 2nd Street 214, Los Angeles, California 90012 home-pic-0
ACTIVE$505,000
108 W 2nd Street 214, Los Angeles, California 90012
0Bed
1Bath
760Sqft
19,159Lot
Year Built
1910
Close
-
List price
$505K
Original List price
$515K
Price/Sqft
$664
HOA
$721
Days on market
-
Sold On
-
MLS number
25497283
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $505.0K(38th), sqft - 760(15th), beds - undefined(8th), baths - 1(42th).

Spacious, open, and bright NY Style industrial Loft home at the historic Higgins Building. This flawlessly updated unit has 760 SQFT of living space, 4 oversized industrial zinc plated windows, 11' ceilings, & polished concrete floors. Spectacular wall of windows with northern exposure overlooking LAPD dog park and tree top views offering sound insulation and privacy. The owners have meticulously updated this home with remodeled kitchen, showcasing refinished kitchen cabinetry, gourmet quartz counter tops + backsplash, sleek stainless steel appliances, Nest thermostat, electric motorized mecho shades, in unit washer/dryer, & custom accent light fixtures. The bathroom has re-invented with designer tiled flooring, new vanity, shelving, & shower fixtures. Completing this loft home is a generously sized wardrobe closet. Rooftop BBQ & dining area offer stunning skyline views. Steps from LAPD dog park, Little Tokyo, Grand Park, Grand Central Market, Blue Bottle Coffee, Redbird, Badmash, fine dining, entertainment, museums, concert halls, & public transportation. A piece of living history, the Higgins building exemplifies the burgeoning community of art, culture, and entertainment in downtown. *BONUS* The Higgins Lofts is a registered federal historic landmark with Mills Act Tax exemption status saving owners roughly 75% off of property taxes. Water, Trash, Sewage, & General Liability/Fire Insurance included with HOA Dues. Residents pay their own electricity + TV/Internet. Several Parking options available adjacent to building roughly $175/month.

Price History

Date
Event
Price
05/10/22
Sold
$501,000
02/02/05
Sold
$310,000
Condition Rating
Excellent
Despite the building's age (1910), the unit itself has been 'flawlessly updated' and 'meticulously updated' with a comprehensive, recent renovation. The kitchen features refinished cabinetry, gourmet quartz countertops, and sleek stainless steel appliances, all appearing modern and in excellent condition in the images. The bathroom has been 're-invented' with designer tiled flooring, a new vanity, and updated shower fixtures. Modern amenities like a Nest thermostat, electric motorized shades, and in-unit washer/dryer further contribute to its virtually new condition, meeting current quality standards.
Pros & Cons

Pros

Mills Act Tax Exemption: Significant financial benefit with approximately 75% reduction in property taxes due to its federal historic landmark status, offering substantial long-term savings.
Prime Downtown Los Angeles Location: Unbeatable walkability to major cultural attractions, fine dining, entertainment venues, and public transportation, enhancing lifestyle and convenience.
Modern & Meticulously Updated Interior: The unit boasts a flawlessly remodeled kitchen with high-end finishes, a re-invented bathroom, smart home features (Nest), and in-unit laundry, offering contemporary comfort within a historic setting.
Distinctive Industrial Loft Character: Features an open, bright NY-style industrial loft design with 11-foot ceilings, oversized zinc-plated windows, and polished concrete floors, appealing to buyers seeking unique architectural charm.
Robust HOA Inclusions & Building Amenities: HOA dues cover water, trash, sewage, and insurance, simplifying ownership, complemented by a rooftop BBQ and dining area with stunning skyline views.

Cons

Substantial Monthly HOA Dues: The $721 monthly HOA fee, while inclusive of some utilities and insurance, represents a considerable ongoing expense that impacts overall affordability.
Additional Parking Costs: Parking is not included with the unit and requires an additional monthly fee of approximately $175 for adjacent options, adding to the total cost of ownership.
Compact Living Space: At 760 square feet, the unit offers a relatively compact living area, which may be a limiting factor for buyers seeking more expansive residential space.

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