108 W 2nd Street 806, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
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108 W 2nd Street 806
Los Angeles, California 90012
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
1Beds
1Baths
1,200Sq Ft
19,159Lot Size
Property Price
LIST PRICE$675,000
EST. MARKET VALUE
$653,240
3% AboveMARKET VALUE
SUMMARY
This NYC-style industrial loft is a Strong Value Opportunity, listed at $675,000—positioned well above the $653,240 Fair Market Value by 3%. While the price reflects a premium, the property features a Mint Condition Rating with high-end updates, including polished concrete floors and 11' ceilings. As a Mills Act designee, the unit offers significant long-term tax savings, balancing the high HOA fees. Located in the historic Higgins Building, this home is an ideal sanctuary for urban professionals or culture-focused owner-occupants seeking a turnkey DTLA lifestyle.
Estimated Market Value
$653,240
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 806 Subject | $675,000* List Price | 1 | 1 | 1,200 | $544 | - |
A 880 W 1st 401 Sold | $555,000 | 2 | 2 | 1,345 | $413 | 0.6 mi |
B 222 S Central 242 Sold | $645,000 | 2 | 2 | 1,220 | $529 | 0.5 mi |
C 118 Astronaut Ellison S Onizuka Street 201 Sold | $725,000 | 1 | 1 | 1,007 | $720 | 0.2 mi |
D 100 S Alameda Street 149 Sold | $640,000 | 2 | 2 | 1,042 | $614 | 0.5 mi |
E 253 S Broadway 403 Active | $649,000 List Price | 1 | 1 | 940 | $690 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While the building dates to 1910, this unit has been meticulously updated with modern finishes including refinished kitchen cabinetry, stainless steel appliances, and custom lighting. The presence of modern exposed HVAC ducting, an in-unit washer/dryer, and polished concrete floors indicates a high-quality, recent renovation that places the property in mint, move-in ready condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Benefits
As a registered historic cultural monument with Mills Act status, the property offers owners significant annual property tax savings, providing a major long-term financial advantage.
- Industrial Loft Aesthetic
This trophy southeast corner unit features 11-foot ceilings, polished concrete floors, and seven oversized zinc-plated windows that provide abundant natural light and authentic NYC-style character.
- Prime Urban Location
Situated in the heart of DTLA, the property boasts exceptional walkability to the Arts District, Little Tokyo, Grand Central Market, and various high-end dining and cultural landmarks.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $1,070.17 is relatively high for a one-bedroom condominium, which significantly increases the monthly carrying costs for the owner.
- Non-Deeded Parking
Parking is not included in the purchase price and requires an additional monthly expense of $175 at an adjacent lot, which may be less convenient than on-site deeded parking.
About 108 W 2nd Street 806
You're invited to visit this sundrenched NYC-style industrial Loft home in the Higgins Building, a registered historic cultural monument and Mills Act designee which delivers substantial property tax savings. A trophy Southeast CORNER, Unit 806 has 1200 sq.ft. of living space, 7 oversized industrial zinc-plated windows, 11' ceilings, & polished concrete floors. A spectacular wall of windows with eastern exposure overlooks the historic Saint Vibiana Cathedral and event center, and beyond. The owners have meticulously updated this home to include a large walk in closet area, refinished kitchen cabinetry, stainless steel appliances, an extra storage closet, custom window treatments, an in unit washer/dryer, & custom accent light fixtures. Rooftop BBQ & dining area offers stunning skyline views. Steps from DTLA's largest dog park, the Arts District & Little Tokyo, Grand Park and City Hall, Grand Central Market, Blue Bottle Coffee, Redbird, Badmash & other fine dining, entertainment, museums, concert halls, & public transportation. A piece of living history, the Higgins Building exemplifies the burgeoning community of art, culture, and entertainment in downtown LA. Parking is available adjacent to building for $175/month. *Parking may also be available for rent in the building* call for details.
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
- $1070.17 / 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 | 1,200 | 1,219.385 |
| Lot Size | 19,159 | 27,236.074 |
| Price | $675.0K | $800.2K |
| Price per sq ft | $562 | $650 |
| Built year | 1910 | 1979 |
| HOA | $1070.17 | $685 |
| Days on market | 28 | 72 |
Pricing History
Listed for Sale
Aug 12, 2026
$675,000
Initial Listing
Sold
Mar 29, 2013
$500,000
Public Record
Sold
Feb 16, 2005
$420,000
Public Record