108 W 2nd Street 915, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath

108 W 2nd Street 915, Los Angeles, California 90012 home-pic-0
ACTIVE$479,000$730/sqft
108 W 2nd Street 915, Los Angeles, California 90012
1Bed
1Bath
730Sqft
19,159Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Historic Location: Nestled in the vibrant Downtown Historic District, offering exceptional walkability to galleries, dining, music venues, and Little Tokyo, providing a rich urban lifestyle.
Top Cons:
High Monthly Association Fee: The association fee of $713.99 per month is substantial for a 1-bedroom unit, which can impact overall affordability and carrying costs.

Compared to the nearby listings

Price:$479.0K vs avg $540.6K ($-61,636)38%
Size:730 sqft vs avg 1,050 sqft10%
Price/sqft:$656 vs avg $54886%

More Insights

Built in 1910 (116 years old).
Condition: Despite the 1910 built year, this loft unit has been extensively and recently renovated to a high standard. The kitchen features modern dark blue shaker cabinets, white solid-surface countertops, and new stainless steel appliances, including a built-in washer/dryer. The bathroom is also updated with a contemporary vanity, modern fixtures, and clean tiling. Gleaming cement floors throughout provide a sleek, modern aesthetic, and the exposed ductwork is part of the intentional loft design. All visible components appear new or virtually new, meeting current quality standards.
Year Built
1910
Close
-
List price
$479K
Original List price
$479K
Price/Sqft
$656
HOA
$713.99
Days on market
-
Sold On
-
MLS number
26637639
Home ConditionExcellent
Features
Good View: City Lights, Landmark
ViewCity Lights,Landmark

About this home

Welcome to a sublime urban sanctuary nestled in the heart of Los Angeles' vibrant Downtown Historic District. This exquisite 1-bedroom, 1-bathroom loft (open loft) is tailor-made for those embarking on homeownership, work-from-home professionals, retirees seeking city life, and savvy investors, benefiting from one of the few buildings that enjoy the tax savings of the Mill's Act historic tax bill, savings are up to 70%. As you step into this U-shaped loft-style residence, you're greeted by a generous expanse of open and bright living space, accentuated by the gleaming cement floors that give the flat a sleek, modern feel. The vast historic double hung windows not only flood the space with natural light but also provide enchanting views of LA's storied landmarks, inviting the city's charm right into your home. Entertaining and culinary creativity come to life in the upgraded kitchen, where an oversized peninsula offers ample space for meal prep and casual dining. Stainless steel appliances add a touch of elegance and efficiency to your cooking endeavors, ensuring a delightful experience for both the home chef and guests. Location is everything, and this gem is within close distance to a host of urban delights. Immerse yourself in the local culture by exploring nearby galleries, indulge your taste buds in the foodie's paradise, enjoy performances at the music center, or stroll through the serene streets of Little Tokyo. It's more than a home; it's a lifestyle opportunity in one of LA's most sought-after neighborhoods.

R
Roxanna Godinez
Listing Agent

Price History

Date
Event
Price
09/27/05
Sold
$535,000
04/19/05
Sold
$422,500
03/11/05
Sold
$315,000
Condition Rating
Excellent

Despite the 1910 built year, this loft unit has been extensively and recently renovated to a high standard. The kitchen features modern dark blue shaker cabinets, white solid-surface countertops, and new stainless steel appliances, including a built-in washer/dryer. The bathroom is also updated with a contemporary vanity, modern fixtures, and clean tiling. Gleaming cement floors throughout provide a sleek, modern aesthetic, and the exposed ductwork is part of the intentional loft design. All visible components appear new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Prime Downtown Historic Location: Nestled in the vibrant Downtown Historic District, offering exceptional walkability to galleries, dining, music venues, and Little Tokyo, providing a rich urban lifestyle.
Significant Mills Act Tax Savings: Benefits from the Mills Act historic tax bill, offering substantial property tax savings of up to 70%, which significantly reduces ownership costs.
Modern Loft Aesthetic with Historic Charm: Features a sleek, modern design with gleaming cement floors, an upgraded kitchen with stainless steel appliances, harmoniously blended with vast historic double-hung windows.
Abundant Natural Light & City Views: Large historic windows flood the open living space with natural light and provide enchanting views of Los Angeles' storied landmarks.
Broad Buyer Appeal: Tailor-made for a diverse range of buyers including first-time homeowners, work-from-home professionals, retirees seeking city life, and savvy investors.

Cons

High Monthly Association Fee: The association fee of $713.99 per month is substantial for a 1-bedroom unit, which can impact overall affordability and carrying costs.
Open Loft Bedroom Configuration: The 'open loft' bedroom design may lack the privacy desired by some buyers, as it does not feature a fully enclosed bedroom.
Potential Parking Challenges: The property description does not mention dedicated parking, which can be a significant concern and potential additional expense in a dense urban environment like Downtown Los Angeles.
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