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108 W 2nd Street 708, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath

108 W 2nd Street 708, Los Angeles, California 90012 home-pic-0
ACTIVE$549,000
108 W 2nd Street 708, Los Angeles, California 90012
1Bed
1Bath
910Sqft
19,159Lot
Year Built
1910
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
$603
HOA
$752
Days on market
-
Sold On
-
MLS number
25560373
Home ConditionGood
Features
Good View: City Lights, Courtyard
ViewCity Lights,Courtyard

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $549.0K(46th), sqft - 910(35th), beds - 1(38th), baths - 1(42th).

Large, open, and bright NY Style Industrial Loft at the historic Higgins Building. This bright, sun drenched, & open loft home includes has 910 SQFT of living space, 7 oversized industrial zinc plated windows, 11' ceilings, & polished concrete with mosaic & marble tiled floors. Rare loft layout with windows on both south & north sides of the living space. This layout provides cross ventilation and dual-aspect views, capturing both the dramatic city skyline and serene interior courtyard, and panoramic views. Gourmet kitchen w/ custom painted cabinetry, stainless steel appliances, and quartz counter tops. Indulge in warm baths w/ city views from the remodeled bathroom complete w/ large window showcasing views of the city, & in unit Washer/Dryer. 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. A piece of living history, the Higgins building exemplifies the burgeoning community of art, culture, and entertainment in downtown.

Price History

Date
Event
Price
07/02/25
Listing
$549,000
10/18/10
Sold
$225,000
06/11/10
Sold
$182,500
02/17/06
Sold
$366,000
Condition Rating
Good
Despite being built in 1910, this industrial loft has undergone significant renovations, particularly in the kitchen and bathroom, making it move-in ready. The kitchen features custom painted cabinetry, stainless steel appliances, and quartz countertops, all appearing modern and well-maintained. The bathroom is also remodeled with updated fixtures and includes an in-unit washer/dryer. While the building is historic, the unit's interior updates, including polished concrete and mosaic tiled floors, fresh paint, and exposed industrial elements, present a clean and functional living space. The renovations appear to be within the 5-15 year timeframe, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Significant Tax Savings: The property benefits from Mills Act Tax exemption status, saving owners approximately 75% off of property taxes, which is a substantial financial advantage.
Historic Charm & Architectural Details: Located in the historic Higgins Building, this NY Style Industrial Loft features 11' ceilings, oversized industrial zinc plated windows, and polished concrete floors, offering unique character.
Prime Downtown Location: Steps away from major attractions like Grand Park, Grand Central Market, fine dining, entertainment, and public transportation, providing an exceptional urban lifestyle.
Panoramic Views & Dual Aspect: The rare loft layout provides windows on both south and north sides, offering cross ventilation and dual-aspect views of the dramatic city skyline and serene interior courtyard, complemented by rooftop views.
Modern Upgrades & In-Unit Amenities: The unit boasts a gourmet kitchen with quartz countertops, a remodeled bathroom with city views, and convenient in-unit washer/dryer, blending historic appeal with modern comfort.

Cons

High Monthly HOA Dues: The $752.0 monthly HOA fee is relatively high for a 910 sqft 1-bedroom unit, potentially impacting affordability despite included utilities.
No Included Parking: Parking is not included and requires an additional monthly fee of $175, which is a significant extra cost and common inconvenience in downtown Los Angeles.
Lack of Central Air Conditioning: While cross-ventilation is noted, the absence of a dedicated cooling system could be a drawback and lead to discomfort during warmer periods in Los Angeles.

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