108 W 2nd Street 709, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath

108 W 2nd Street 709, Los Angeles, California 90012 home-pic-0
ACTIVE$520,000
108 W 2nd Street 709, Los Angeles, California 90012
1Bed
1Bath
760Sqft
19,159Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Tax Savings: Benefits from Mills Act designation, offering up to 75% reduction in property taxes, a substantial financial advantage for owners.
Top Cons:
High Monthly HOA Dues: The $867 monthly HOA fee is considerably high for a 760 sqft unit, potentially impacting affordability and long-term costs.

Compared to the nearby listings

Price:$520.0K vs avg $565.0K ($-45,000)46%
Size:760 sqft vs avg 1,056.5 sqft15%
Price/sqft:$684 vs avg $56088%

More Insights

Built in 1910 (115 years old).
Condition: Despite being in a historic 1910 building, this loft has undergone extensive and high-quality renovations. The kitchen features sleek new cabinetry, premium stainless steel appliances, designer faucet, and Neolith countertops, all appearing virtually new. The bathroom is also updated with a new modern vanity, faucet, storage, and a bidet. Polished concrete floors and modern track lighting throughout contribute to a contemporary, move-in ready condition with no visible deferred maintenance.
Year Built
1910
Close
-
List price
$520K
Original List price
$520K
Price/Sqft
$684
HOA
$867
Days on market
-
Sold On
-
MLS number
25618507
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights

About this home

Experience iconic Downtown Los Angeles living in this bright, industrial-style corner loft located in the historic Higgins Building, a registered federal landmark with Mills Act tax benefits - saving owners up to 75% on property taxes. This unique unit offers dual exposure with oversized windows on both the northwest and southwest walls, flooding the space with natural light and showcasing panoramic skyline views and stunning sunsets. Soaring 11-foot ceilings, polished concrete floors, and modern track lighting enhance the open, airy feel. The fully remodeled kitchen features sleek new cabinetry, a designer faucet, premium stainless steel appliances, and Neolith countertops - a high-performance surface favored by luxury designers for its durability and refined aesthetic. The bedroom includes a custom vertical wood slat accent wall and a sliding panel that opens to a spacious walk-in closet, blending architectural elegance with functionality. The updated bathroom features a new vanity, faucet, storage cabinet, and a bidet for added comfort. Enjoy panoramic city views from the rooftop BBQ and dining terrace, ideal for hosting guests or relaxing under the stars. The building offers on-site security for peace of mind and is located just one block from the Metro's brand-new Historic Broadway Station, providing seamless access to multiple transit lines and making commuting across Los Angeles easier than ever. Steps from Little Tokyo, Grand Central Market, Grand Park, Redbird, Blue Bottle Coffee, Badmaash, and the LAPD dog park, this loft places you in the heart of DTLA's vibrant cultural, culinary, and entertainment scene. Easy access to museums, concert halls, and public transportation completes the urban lifestyle. HOA dues include water, trash, sewage, and general liability/fire insurance. Residents are responsible for electricity and internet. Secured parking is available at two nearby garages - one directly adjacent to the building and another just across the street.

Price History

Date
Event
Price
02/25/05
Sold
$320,000
Condition Rating
Excellent

Despite being in a historic 1910 building, this loft has undergone extensive and high-quality renovations. The kitchen features sleek new cabinetry, premium stainless steel appliances, designer faucet, and Neolith countertops, all appearing virtually new. The bathroom is also updated with a new modern vanity, faucet, storage, and a bidet. Polished concrete floors and modern track lighting throughout contribute to a contemporary, move-in ready condition with no visible deferred maintenance.
Pros & Cons

Pros

Significant Tax Savings: Benefits from Mills Act designation, offering up to 75% reduction in property taxes, a substantial financial advantage for owners.
Exceptional Urban Connectivity: Prime Downtown LA location with immediate access to Metro's Historic Broadway Station and steps away from cultural landmarks, dining, and entertainment.
Modernized Historic Loft: A unique industrial-style loft in a 1910 landmark building, featuring 11-foot ceilings, polished concrete floors, and a fully remodeled kitchen with high-end finishes.
Abundant Natural Light & Views: Corner unit with dual exposure and oversized windows providing panoramic skyline views, stunning sunsets, and ample natural light.
Building Amenities & Security: Offers on-site security and a rooftop BBQ/dining terrace with panoramic city views, enhancing lifestyle and peace of mind.

Cons

High Monthly HOA Dues: The $867 monthly HOA fee is considerably high for a 760 sqft unit, potentially impacting affordability and long-term costs.
Off-Site Parking Arrangement: Parking is not included with the unit and requires separate arrangements at nearby garages, which can be an inconvenience and additional expense.
No Private Outdoor Space: The unit lacks a private balcony or patio, limiting personal outdoor enjoyment to shared building amenities.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state