108 W 2nd Street 214, Los Angeles, California 90012, Los Angeles, 90012 - 1 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
1Bed
1Bath
760Sqft
19,159Lot
Year Built
1910
Close
-
List price
$505K
Original List price
$505K
Price/Sqft
$664
HOA
$721
Days on market
-
Sold On
-
MLS number
25556645
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $505.0K(40th), sqft - 760(16th), beds - 1(40th), baths - 1(44th).

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. Optional Parking available adjacent to building for $175/month.

Price History

Date
Event
Price
05/10/22
Sold
$501,000
02/02/05
Sold
$310,000
Condition Rating
Good

The property, built in 1910, has been updated with a remodeled kitchen featuring quartz countertops and stainless steel appliances, and a renovated bathroom with new vanity and fixtures. While not brand new, the updates appear to be recent and well-maintained, suggesting a move-in ready condition with minimal wear and tear. The description highlights meticulous updates, supporting a 'good' condition score.
Pros & Cons

Pros

Historic Landmark with Mills Act: The Higgins Lofts is a registered federal historic landmark with Mills Act Tax exemption status, offering significant property tax savings (roughly 75%).
Prime Downtown Location: Located in the heart of downtown Los Angeles, steps from LAPD dog park, Little Tokyo, Grand Park, Grand Central Market, fine dining, entertainment, museums, concert halls, & public transportation.
Updated Interior: The unit has been meticulously updated with a remodeled kitchen (refinished cabinetry, quartz countertops, stainless steel appliances), designer tiled bathroom, and custom light fixtures.
Industrial Loft Features: Features include spacious open layout, 11' ceilings, polished concrete floors, and oversized industrial zinc plated windows, providing a unique NY Style loft living experience.
Amenities & Included Utilities: Rooftop BBQ & dining area with stunning skyline views. HOA dues include water, trash, sewage, & general liability/fire insurance.

Cons

Association Fees: The monthly association fee is relatively high at $721.0, which may impact affordability for some buyers.
Optional Parking: Parking is optional and available adjacent to the building for an additional $175/month, adding to the monthly expenses.
Limited Square Footage: At 760 sqft, the unit may feel small for buyers seeking more living space, especially considering it's a 1-bedroom unit.

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