108 W 2nd Street 708, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
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108 W 2nd Street 708
Los Angeles, California 90012
ACTIVE
CONDITION: GOOD
1Beds
1Baths
910Sq Ft
19,159Lot Size
Property Price
LIST PRICE$410,000
EST. MARKET VALUE
$410,000
SUMMARY
This Historic Live/Work Loft in the iconic Higgins Building is listed at $468,000, positioned near its $453,395 Fair Market Value. Boasting a Good Condition Rating, the residence features soaring ceilings, concrete floors, and Southern Exposure that floods the space with natural light and city views. The property’s Mills Act Tax Benefits offer substantial long-term savings, enhancing its appeal as a stable urban asset. Located steps from Little Tokyo and Grand Central Market, this turnkey home is an ideal match for creative professionals or Owner-Occupants seeking a sophisticated DTLA lifestyle.
Estimated Market Value
$410,000
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 708 Subject | $410,000* List Price | 1 | 1 | 910 | $451 | - |
A 108 W 2nd Street 711 Sold | $438,000 | 0 | 1 | 750 | $584 | 0.0 mi |
B 121 S Hope Street 417 Sold | $345,000 | 1 | 1 | 793 | $435 | 0.5 mi |
C 100 S Alameda Street 213 Sold | $400,000 | 1 | 1 | 735 | $544 | 0.5 mi |
D 222 S Central 428 Sold | $435,000 | 1 | 1 | 863 | $504 | 0.5 mi |
E 100 S Alameda 162 Sold | $410,000 | 1 | 1 | 735 | $558 | 0.5 mi |
F 800 W 1st Street 2801 Sold | $428,000 | 1 | 1 | 735 | $582 | 0.5 mi |
G 1083 W 2nd Street 410 Active | $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.
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
A 910 sq ft loft in the 1910 Higgins Building a National Register landmark under Mills Act contract, where current annual property taxes run approximately $2,260. Set in a quiet rear position with southern exposure: soaring ceilings, concrete floors, oversized industrial steel windows, sweeping city views, and in-unit washer and dryer. The open plan is yours to define.Designed by Albert C. Martin, Sr. and added to the National Register in 2023, the Higgins offers a doorman, security, and a rooftop deck with barbecue and 360-degree views. Comparable units in the building lease between $2,600 and $3,250 per month. Steps from Little Tokyo, Gallery Row, Grand Central Market, The Broad and Walt Disney Concert Hall. The Metro Regional Connector station is a short walk Santa Monica, Long Beach and Pasadena on a single ride. Monthly parking available nearby. Buyer to verify taxes, dues, and all information.
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 |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 910 | 1,219.385 |
| Lot Size | 19,159 | 27,236.074 |
| Price | $410.0K | $800.2K |
| Price per sq ft | $451 | $650 |
| Built year | 1910 | 1979 |
| HOA | $769.98 | $685 |
| Days on market | 230 | 72 |
Pricing History
Listed for Sale
Aug 25, 2026
$410,000
$440,000
-7% Price Drop
Initial Listing
Price Change
Jul 17, 2026
$440,000
$450,000
-2% Price Drop
Initial Listing
Price Change
Apr 19, 2026
$450,000
$468,000
-4% Price Drop
Initial Listing
Price Change
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