1850 Industrial Street 404, Los Angeles, California 90021, Los Angeles, 90021 - 0 bed, 2 bath
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1850 Industrial Street 404
Los Angeles, California 90021
ACTIVE
CONDITION: EXCELLENT
0Beds
2Baths
1,189Sq Ft
31,720Lot Size
Property Price
LIST PRICE$999,000
EST. MARKET VALUE
$960,981
3% AboveMARKET VALUE
SUMMARY
This Iconic Industrial Loft represents a High-Potential Investment Opportunity, listed at $999,000—positioned slightly above the $960,981 Fair Market Value. While priced at market, the Mills Act Approval provides a rare financial advantage, reducing property taxes by up to 75%. Featuring an Excellent Condition Rating, this unit includes high-end Bosch appliances, 15' ceilings, and panoramic city views. With 24-hour security, a pool, and a prime Arts District location, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, tax-advantaged urban lifestyle.
Estimated Market Value
$960,981
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 |
|---|---|---|---|---|---|---|
★ 1850 Industrial Street 404 Subject | $999,000* List Price | 0 | 2 | 1,189 | $808 | - |
A 1855 Industrial Street 606 Sold | $1,112,500 | 2 | 1 | 1,598 | $696 | 0.0 mi |
B 1850 Industrial Street 110 Sold | $845,000 | 0 | 1 | 1,110 | $761 | - |
C 1855 Industrial Street 703 Active Under Contract | $749,000 List Price | 1 | 1 | 976 | $767 | 0.0 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.
The property qualifies as Excellent due to recent high-end renovations including brand new Bosch kitchen appliances, new paint, and new laundry units, all within the <5-year window. Despite the 1925 building age, the loft is in mint condition with well-maintained hardwood floors, modern exposed HVAC systems, and updated electrical features like a private EV charger.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Tax Savings
The property is Mills Act approved, offering the owner a substantial reduction in property taxes of up to 70-75%, providing exceptional long-term financial value.
- Iconic Industrial Architecture
This rare NE corner loft features 15-foot ceilings and oversized industrial windows that provide exceptional natural light and breathtaking views of the Downtown skyline.
- Premier Arts District Location
Situated in the coveted Biscuit Company Lofts, the unit is steps away from world-class dining and entertainment, including Soho House, Bestia, and Bavel.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly HOA fee of $1,073 is relatively high, which may impact the overall affordability and monthly budget for some buyers.
- Limited Parking
The unit includes only one deeded parking space, which could be a constraint for multi-vehicle households in a high-density urban area.
About 1850 Industrial Street 404
Rare, highly sought after NE Corner live/work industrial loft at the coveted Biscuit Company Lofts. Open and spacious floor plan, 15' ceilings, oversized industrial windows with breathtaking views of the Downtown city lights. New Bosch oven/range cooktop, microwave and appliances. Large En-suite master bath and guest bathroom available. MILLS ACT APPROVED saving owner up to 70-75% off property taxes. New paint (including ceilings). New Washer and dryer included. Amenities include 24 hour front desk/doorman, gated/secured parking, 75' lap pool, gym and an outdoor BBQ station. Wireless and Scalable Internet & Telecomm. 1 deeded parking space in secured subterranean garage with *BONUS* EV charger, pets ok. The subject property is ideally located within short distance to local favorites like Hauser & Wirth Gallery, Moto Shed, Hanks (Gourmet Market), Camelia, Flamingo Bar, upcoming Silverlake Wine Bar, Bavel, Manuela, Factory Kitchen, Girl & The Goat, Zinc Cafe, Bestia, Damian, Verve Coffee Roasters, Death & Co, Soho House, and a host of other entertainment and dining venues. HOA dues cover Water, trash, & gas. Residents pay electricity & Internet separately.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1925
- Lot Size
- 31,720 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1073.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,189 | 1,219.385 |
| Lot Size | 31,720 | 27,236.074 |
| Price | $999.0K | $800.2K |
| Price per sq ft | $840 | $650 |
| Built year | 1925 | 1979 |
| HOA | $1073.0 | $685 |
| Days on market | 44 | 72 |
Pricing History
Listed for Sale
Jul 27, 2026
$999,000
Initial Listing
Sold
Jul 2, 2024
$975,000
Public Record
Sold
Apr 12, 2007
$605,000
Public Record