108 W 2nd Street 814, Los Angeles, California 90012, Los Angeles, 90012 - bed, 1 bath
ACTIVE$499,000
108 W 2nd Street 814, Los Angeles, California 90012
0Bed
1Bath
760Sqft
19,159Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Downtown LA Location: Situated in the vibrant heart of Downtown LA, offering unparalleled walkability to major cultural attractions (The Broad, Disney Concert Hall), dining, entertainment, and immediate access to public transit (metro station a block away).
Top Cons:
High Monthly Association Fee: The monthly association fee of $720 is substantial for a 760 sqft unit, which could be a significant ongoing cost for potential buyers and impact affordability.
Compared to the nearby listings
Price:$499.0K vs avg $565.0K ($-66,000)38%
Size:760 sqft vs avg 1,056.5 sqft15%
Price/sqft:$657 vs avg $56088%
More Insights
Built in 1910 (115 years old).
Condition: Despite being built in 1910, this loft unit has undergone extensive modern renovations, as evidenced by the description and images. The kitchen features modern stainless steel appliances, contemporary two-tone cabinetry, and clean white countertops. The bathroom boasts chic modern finishes, including a glass-enclosed shower with subway tile, a rain shower head, and a stylish vanity. Flooring throughout is a well-maintained industrial-style concrete, complementing the loft aesthetic. Lighting and fixtures are updated, and a custom built-in closet adds significant value. The property is move-in ready with virtually new components, meeting current quality standards.
Year Built
1910
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$657
HOA
$720
Days on market
-
Sold On
-
MLS number
25570367
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights
About this home
NYC style loft in the heart of downtown LA! This historic Higgins Building loft boasts an open floor plan with 10 ft ceilings and double height windows. Unit features industrial design with modern upgrades. Appliances include stainless steel refrigerator, range and dishwasher. Bathroom includes chic modern finishes. Thoughtfully designed built in custom closet also included! Loft overlooks neighborhood park. Building amenities include front desk staff, rooftop with outdoor lounge, dining area, BBQ and spectacular skyline view. Also enjoy the dog friendly park across the street! Close proximity to the Broad, Disney Concert Hall, Grand Central Market, Grand Park, Little Tokyo, metro station a block away and many dining options including Badmaash in the building. Building is covered under the Mills Act saving owners up to 70% on property taxes. Must see!
Price History
Date
Event
Price
02/19/14
Sold
$390,000
06/20/05
Sold
$462,000
04/07/05
Sold
$330,000
Condition Rating
Excellent
Despite being built in 1910, this loft unit has undergone extensive modern renovations, as evidenced by the description and images. The kitchen features modern stainless steel appliances, contemporary two-tone cabinetry, and clean white countertops. The bathroom boasts chic modern finishes, including a glass-enclosed shower with subway tile, a rain shower head, and a stylish vanity. Flooring throughout is a well-maintained industrial-style concrete, complementing the loft aesthetic. Lighting and fixtures are updated, and a custom built-in closet adds significant value. The property is move-in ready with virtually new components, meeting current quality standards.
Pros & Cons
Pros
Prime Downtown LA Location: Situated in the vibrant heart of Downtown LA, offering unparalleled walkability to major cultural attractions (The Broad, Disney Concert Hall), dining, entertainment, and immediate access to public transit (metro station a block away).
Historic Charm with Tax Savings: A unique 'NYC style loft' in the historic Higgins Building, blending industrial design with modern finishes, further enhanced by significant property tax savings (up to 70%) due to the Mills Act.
Premium Building Amenities: The building provides desirable amenities including a front desk staff, a spectacular rooftop with an outdoor lounge, dining area, BBQ, and panoramic skyline views, enhancing the urban living experience.
Pet-Friendly & Green Space Access: Features a dog-friendly park directly across the street, with the loft overlooking a neighborhood park, offering convenient outdoor space for pet owners and a pleasant green outlook in a dense urban setting.
Modern Interior Upgrades: The unit boasts an open floor plan with 10 ft ceilings, double-height windows, chic modern bathroom finishes, and a custom built-in closet, maximizing space and functionality within its loft design.
Cons
High Monthly Association Fee: The monthly association fee of $720 is substantial for a 760 sqft unit, which could be a significant ongoing cost for potential buyers and impact affordability.
Limited Space/Loft Configuration: As a 760 sqft loft, the open floor plan may offer less privacy and defined living spaces compared to traditional condominiums, potentially limiting its appeal to buyers seeking separate rooms or more expansive living areas.
Urban Environment Drawbacks: While centrally located, the downtown environment inherently comes with potential drawbacks such as increased noise levels, traffic congestion, and a dense urban setting that may not appeal to all lifestyles.