108 W 2nd Street Apt 313, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
ACTIVE$695,000
108 W 2nd Street Apt 313, Los Angeles, California 90012
1Bed
1Bath
1,050Sqft
19,153.33Lot
Year Built
1910
Close
-
List price
$695K
Original List price
$695K
Price/Sqft
$662
HOA
$734.6
Days on market
-
Sold On
-
MLS number
25490937
Home ConditionExcellent
Features
Excellent View: City Lights, Landmark, Mountain(s)
ViewCity Lights,Landmark,Mountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $695.0K(69th), sqft - 1050(50th), beds - 1(38th), baths - 1(42th).
Remodeled Live/Work Loft at the Higgins building, corner unit facing NorthWest with amazing city views. High ceilings, concrete floors, large windows, modern Kitchen with large counter, new appliances, in-unit washer/dryer, walk-in closet, fireplace, and a designer bath. Over $200k in upgrades. Mills Act building with huge savings on property taxes. Centrally located to Little Tokyo, Historic Core, Gallery Row, Disney Hall, Broad Museum, Central Market, and steps to the future MTA connector. Parking is available in the building for a fee. The building features a doorman, security, and a barbecue area on the roof.
Price History
Date
Event
Price
07/22/09
Sold
$237,000
08/24/05
Sold
$535,000
04/04/05
Sold
$430,000
Condition Rating
Excellent
Despite being built in 1910, this loft has undergone extensive and recent renovations, with over $200k in upgrades. The description explicitly mentions a 'modern Kitchen with new appliances' and a 'designer bath,' which are visually confirmed by the images. The property features sleek, contemporary finishes, concrete floors, and updated fixtures throughout, indicating that all components are new or virtually new and meet current quality standards.
Pros & Cons
Pros
Exceptional Location & Connectivity: Centrally located in Downtown LA's Historic Core, offering unparalleled walkability to cultural landmarks, dining, and future MTA access.
Substantial Modern Upgrades: Over $200k invested in recent renovations, featuring a modern kitchen with new appliances, designer bath, and in-unit washer/dryer.
Mills Act Property Tax Savings: Significant financial advantage due to the Mills Act designation, resulting in substantial property tax savings.
Distinctive Loft Features & Views: High ceilings, concrete floors, large windows, and a corner unit position provide abundant natural light, a desirable loft aesthetic, and amazing city views.
Premium Building Amenities & Security: The Higgins building offers a doorman, security, and a rooftop barbecue area, enhancing convenience, safety, and lifestyle.
Cons
High Monthly Association Fees: The association fee of $734.6 is a significant recurring cost that could impact affordability and buyer interest.
Additional Parking Costs: Parking is not included and requires an extra fee, adding to the overall monthly expenses for residents with vehicles.
Limited Bedroom Count: As a 1-bedroom unit, its appeal may be limited to single occupants or couples, potentially narrowing the buyer pool.