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
Property Price
SUMMARY
Analysis of 108 W 2nd Street 709, Los Angeles, California 90012 is currently available with a list price of $520,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
The property is a fully renovated industrial loft featuring a high-end remodeled kitchen with Neolith countertops and premium stainless steel appliances. The interior boasts modern track lighting, polished concrete floors, and an updated bathroom with a new vanity and bidet. Although the building is historic (1910), the unit's interior components are virtually new and meet current luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Benefits
As a registered federal landmark, this property offers significant financial advantages through the Mills Act, potentially reducing property taxes by up to 75% for the owner.
- Premium Corner Position
The unique corner layout features dual exposure with oversized windows and 11-foot ceilings, providing superior natural light and panoramic views of the DTLA skyline.
- High-End Modern Renovations
The loft features a sophisticated remodel including a kitchen with luxury Neolith countertops and premium stainless steel appliances, seamlessly blending industrial charm with modern elegance.
CONSRISKS & DEFICIENCIES
- Lack of Deeded Parking
The property does not include on-site parking, requiring residents to rely on and pay for third-party parking at nearby adjacent garages.
- High HOA Assessment
The monthly HOA dues of $867 are relatively high for a one-bedroom unit and do not include electricity or internet services.
About 108 W 2nd Street 709
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.
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
- $867.0 / 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 | 760 | 1,007 | 21% |
| Lot Size | 19,159 | 64,671 | 32% |
| Price | $520.0K | $589.5K | 38% |
| Price per sq ft | $684 | $560 | 65% |
| Built year | 1910 | 1985 | 15% |
| HOA | $867.0 | $773 | 71% |
| Days on market | 114 | 190 | 15% |
Pricing History
Listed for Sale
Nov 12, 2025
$520,000
Initial Listing
Sold
Feb 25, 2005
$320,000
Public Record

















