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
Property Price
SUMMARY
Analysis of 108 W 2nd Street 708, Los Angeles, California 90012 is currently available with a list price of $468,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This historic Higgins Building loft is in good, move-in-ready condition. While the structure dates to 1910, the unit features a modern industrial conversion aesthetic with well-maintained concrete floors, soaring ceilings, and oversized windows. The kitchen and bathroom reflect the quality of a professional mid-2000s loft conversion, featuring functional appliances and stylish fixtures that do not require immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Benefits
The property's Mills Act designation provides significant property tax savings, offering a substantial financial advantage and increasing the long-term investment value of this historic loft.
- Exceptional Natural Light and Views
Positioned with southern exposure and oversized industrial windows, the unit is flooded with natural light and offers sweeping, unobstructed views of the Downtown Los Angeles skyline.
- Versatile Live/Work Layout
The open-concept floor plan with soaring ceilings and concrete floors provides a flexible 'Live/Work' environment, perfectly suited for creative professionals or those seeking a modern urban lifestyle.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $769.98 per month is relatively high for a one-bedroom unit, which may impact the debt-to-income ratio and overall monthly carrying costs for potential buyers.
- Historic Building Limitations
As a structure built in 1910, the property may have limitations regarding modern infrastructure upgrades and strict preservation guidelines that could restrict certain interior modifications.
About 108 W 2nd Street 708
Stylish Live/Work loft at the iconic Higgins Building, set in a quiet rear position with southern exposure, flooding the space with natural light and sweeping city views. This airy residence features soaring ceilings, concrete floors, oversized industrial windows, an open and flexible layout, and the convenience of an in-unit washer and dryer. Mills Act designation delivers substantial property tax savings, adding long-term value to this historic gem. Perfectly positioned in the heart of Downtown Los Angeles, just moments from Little Tokyo, the Historic Core, Gallery Row, Disney Concert Hall, The Broad, and Grand Central Market plus mere steps from the future MTA connector. The Higgins offers full-service living with doorman and security, a rooftop barbecue area ideal for entertaining, A rare opportunity to own character, light, and location in one of DTLA's most celebrated buildings.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1910
- Lot Size
- 19,159 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $769.98 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 910 | 1,007 | 32% |
| Lot Size | 19,159 | 64,671 | 32% |
| Price | $468.0K | $589.5K | 24% |
| Price per sq ft | $514 | $552 | 41% |
| Built year | 1910 | 1985 | 15% |
| HOA | $769.98 | $771 | 50% |
| Days on market | 43 | 190 | 9% |
Pricing History
Listed for Sale
Mar 5, 2026
$468,000
$489,000
-4% Price Drop
Initial Listing
Price Change
Jan 22, 2026
$489,000
Initial Listing
Sold
Oct 18, 2010
$225,000
Public Record
Sold
Jun 11, 2010
$182,500
Public Record
Sold
Feb 17, 2006
$366,000
Public Record


























