108 W 2nd Street 309, Los Angeles, California 90012, Los Angeles, 90012 - 0 bed, 1 bath
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108 W 2nd Street 309
Los Angeles, California 90012
ACTIVE
CONDITION: GOOD
0Beds
1Baths
750Sq Ft
19,159Lot Size
Property Price
LIST PRICE$436,000
EST. MARKET VALUE
$411,987
5% AboveMARKET VALUE
SUMMARY
This historic condo in the Higgins Building represents a Strong Value Opportunity, listed at a List Price of $436,000—positioned well above the $411,987 Fair Market Value by 5%. Featuring a Condition Rating of 3, the unit offers a modernized loft aesthetic with updated kitchen finishes and in-unit laundry. While the HOA fees are notable, the Mills Act designation provides significant tax advantages. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a historic, walkable urban lifestyle in Downtown Los Angeles.
Estimated Market Value
$411,987
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 108 W 2nd Street 309 Subject 0 bd · 1 ba · 750 sqft · $549 | $436,000* List Price | 0 | 1 | 750 | $549 | - |
A 108 W 2nd Street 915 Sold 1 bd · 1 ba · 730 sqft · $610 · 0.0 mi | $445,000 | 1 | 1 | 730 | $610 | 0.0 mi |
B 108 W 2nd Street 711 Sold 0 bd · 1 ba · 750 sqft · $584 · 0.0 mi | $438,000 | 0 | 1 | 750 | $584 | 0.0 mi |
C 121 S Hope Street 313 Sold 1 bd · 1 ba · 793 sqft · $504 · 0.5 mi | $400,000 | 1 | 1 | 793 | $504 | 0.5 mi |
D 100 S Alameda Street 213 Sold 1 bd · 1 ba · 735 sqft · $544 · 0.5 mi | $400,000 | 1 | 1 | 735 | $544 | 0.5 mi |
E 121 S Hope Street 417 Sold 1 bd · 1 ba · 793 sqft · $435 · 0.5 mi | $345,000 | 1 | 1 | 793 | $435 | 0.5 mi |
F 118 Astronaut Ellison S Onizuka Street 208 Sold 1 bd · 1 ba · 770 sqft · $630 · 0.2 mi | $485,000 | 1 | 1 | 770 | $630 | 0.2 mi |
G 118 Astronaut Ellison S Onizuka Street 508 Sold 1 bd · 1 ba · 770 sqft · $688 · 0.2 mi | $530,000 | 1 | 1 | 770 | $688 | 0.2 mi |
H 257 S Spring Street 4l Sold 0 bd · 1 ba · 650 sqft · $538 · 0.1 mi | $350,000 | 0 | 1 | 650 | $538 | 0.1 mi |
I 1083 W 2nd Street 410 Active 1 bd · 1 ba · 730 sqft · $582 · 0.0 mi | $425,000 List Price | 1 | 1 | 730 | $582 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite the building being constructed in 1910, the unit features a modernized loft renovation that is well-maintained and move-in ready. The kitchen is updated with contemporary white cabinetry, subway tile backsplash, and stainless steel appliances. Additionally, the systems appear updated with modern exposed ductwork for HVAC.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Benefits
As a designated Historic-Cultural Monument, the property qualifies for the Mills Act, providing the owner with significant annual property tax savings.
- Prime Walkable Location
Situated in the heart of Downtown LA, the unit offers exceptional access to Little Tokyo, Grand Central Market, and major cultural museums, ensuring a vibrant urban lifestyle.
- Modern In-Unit Amenities
The inclusion of an in-unit washer and dryer provides a rare and highly sought-after convenience for a historic 1910 building, complemented by a communal rooftop dining area.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $720 is relatively high for a 750-square-foot unit, which may impact the debt-to-income ratio for potential buyers.
- Lack of Scenic Views
The property is listed with no specific views, which may limit natural light and aesthetic appeal compared to other units in the building or surrounding area.
About 108 W 2nd Street 309
Stunning condo in downtown Los Angeles. Located in the Higgins building. Washer & Dryer in the unit. Building amenities include a rooftop BBQ & dining area. The unit is located in the Higgins Building which has been designated as a Historic-Cultural Monument and is covered under the Mills Act. Close to Little Tokyo, Grand Park, Grand Central, museums, dining and entertainment.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1910
- Lot Size
- 19,159 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $720.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 750 | 1,252.996 |
| Lot Size | 19,159 | 26,029.603 |
| Price | $436.0K | $778.5K |
| Price per sq ft | $581 | $629 |
| Built year | 1910 | 1981 |
| HOA | $720.0 | $676 |
| Days on market | 45 | 74 |
Pricing History
Listed for Sale
Sep 25, 2026
$436,000
Initial Listing
Sold
Jun 28, 2018
$470,000
Public Record
Sold
Feb 14, 2005
$280,000
Public Record