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

108 W 2nd Street 709

Los Angeles, California 90012

ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
760Sq Ft
19,159Lot Size

Property Price

LIST PRICE$520,000

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

Excellent
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.01.0
50%
Baths1.01.0
50%
Square foot7601,007
21%
Lot Size19,15964,671
32%
Price$520.0K$589.5K
38%
Price per sq ft$684$560
65%
Built year19101985
15%
HOA$867.0$773
71%
Days on market114190
15%

Pricing History

Listed for Sale

Nov 12, 2025

$520,000

Initial Listing

Sold

Feb 25, 2005

$320,000

Public Record

Browse Properties by State Browse housing market trends by state