108 W 2nd Street 908, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
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Los Angeles, California 90012
This Historic Live/Work Loft in the iconic Higgins Building is listed at $459,000, offering a character-rich asset in the heart of Downtown LA. While the price sits above the $411,466 Fair Market Value, the building’s coveted Mills Act Tax Benefits provide significant long-term financial offsets through property tax savings. Currently holding a Condition Rating of 4, this "light fixer" features soaring ceilings, oversized windows, and Landmark City Views of LA City Hall. This property represents a prime Value-Add Acquisition for savvy investors or creative professionals looking to customize a historic urban retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 108 W 2nd Street 908 Subject | $459,000* List Price | 1 | 1 | 910 | $452 | - |
A 800 W 1st Street 2801 Sold | $428,000 | 1 | 1 | 735 | $582 | 0.5 mi |
B 880 W 1st Street 802 Sold | $499,000 | 1 | 1 | 1,006 | $496 | 0.6 mi |
C 257 S Spring Street 3c Sold | $410,000 | 1 | 1 | 710 | $577 | 0.1 mi |
D 880 W 1st Street 604 Sold | $505,000 | 1 | 2 | 1,006 | $502 | 0.6 mi |
E 267 S San Pedro Street 621 Sold | $392,000 | 1 | 1 | 800 | $490 | 0.2 mi |
F 100 S Alameda Street 162 Sold | $342,300 | 1 | 1 | 735 | $466 | 0.5 mi |
G 108 W 2nd Street 708 Active | $450,000 List Price | 1 | 1 | 910 | $495 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1910 historic loft with a renovation that appears to be over 20 years old. While functional and move-in ready, the kitchen cabinetry and finishes are dated, and the listing explicitly describes the unit as a 'light fixer' requiring minor improvements to reach its full potential.
The building's Mills Act approval provides significant property tax savings, offering a substantial financial advantage for owners of this historic DTLA property.
Situated in the heart of Downtown Los Angeles, the property offers immediate proximity to world-class galleries, acclaimed restaurants, and top-tier entertainment venues.
The loft features soaring ceilings and oversized windows that provide abundant natural light, paired with a flexible floor plan that allows for a second bedroom or live-work space.
The property is identified as a 'light fixer,' meaning buyers will need to invest additional time and capital into improvements and cosmetic updates upon purchase.
The monthly association fee of approximately $770 is relatively high for a one-bedroom unit, which may impact the overall affordability and monthly budget for some buyers.
Welcome to an incredible opportunity to own a light-filled open loft in the heart of Downtown LA! This stylish flat is perfectly positioned for anyone eager to embrace the vibrant city lifestyle, and happy to roll up the sleeves and do a little light improving. With world-class galleries, acclaimed restaurants, and top entertainment venues just moments from your front door, it is a great mild fixer with upside potential. Step inside and be greeted by soaring ceilings, oversized windows, and an abundance of natural light that fills the versatile open layout. With one spacious bedroom area, the main open concept can be divided into a 2nd bedroom area or office/live-work space and a convenient full bath, this residence is ideal for creatives, professionals, or anyone seeking an inspiring urban retreat. The flexible floor plan is perfect for customizing to fit a unique style, a true light fixer with endless potential for you to add value and personal touches. History lovers and savvy investors alike will appreciate the building's coveted Mills Act approval, providing significant property tax savings while preserving historic charm. Enjoy peace of mind knowing you're investing in an "upside market" with strong potential for future appreciation. Whether you're searching for a chic personal residence, a pied-a-terre, or a promising investment, this centrally-located loft delivers. Live surrounded by LA's buzzing arts scene, stroll to nearby eateries, or catch a show after work this address places you at the epicenter of it all. Don't miss out on this rare DTLA opportunity. Schedule your tour today and discover the lifestyle that awaits you.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 910 | 1,006 | 42% |
| Lot Size | 19,159 | 43,816 | 42% |
| Price | $459.0K | $625.0K | 23% |
| Price per sq ft | $504 | $577 | 35% |
| Built year | 1910 | 1985 | 13% |
| HOA | $769.98 | $821 | 45% |
| Days on market | 8 | 238 | 3% |
Apr 24, 2026
$459,000
Initial Listing
Mar 17, 2011
$255,000
Public Record