
Los Angeles, California 90021
This Stunning Industrial Loft is a Strong Value Opportunity, listed at $1,350,000—positioned above the $1,227,929 Fair Market Value. While priced for the premium Arts District market, the property offers significant long-term financial advantages through its Mills Act-designated status, providing substantial property tax savings. Featuring a Mint Condition Rating, the unit boasts a high-end Thermador kitchen and authentic historic details. This residence is an ideal acquisition for sophisticated urban professionals or owner-occupants seeking a turnkey, architecturally significant home in a vibrant cultural hub.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1850 Industrial Street 407 Subject 1 bd · 1 ba · 1,423 sqft · $863 | $1,350,000* List Price | 1 | 1 | 1,423 | $863 | - |
A 1855 Industrial Street 416 Active 2 bd · 1 ba · 1,475 sqft · $675 · 0.0 mi | $995,000 List Price | 2 | 1 | 1,475 | $675 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a substantial recent renovation (likely <5 years) including a high-end kitchen with Thermador appliances and stone waterfall island, reimagined bathrooms with contemporary fixtures, and refinished hardwood floors. Systems appear modern and well-integrated into the historic industrial architecture, meeting the criteria for mint condition with no immediate maintenance required.
As a Mills Act-designated landmark, this property offers owners significant property tax savings, providing a substantial long-term financial advantage for a luxury DTLA residence.
The unit features a high-end kitchen renovation with Thermador appliances and a stone waterfall island, seamlessly blending contemporary luxury with the building's historic industrial character.
The loft boasts iconic architectural details including soaring ceilings, exposed brick, and original steel-framed factory windows, offering a rare and highly sought-after aesthetic in the Arts District.
The monthly HOA fee of $1,145 is relatively high, which increases the ongoing cost of ownership and may be a deterrent for budget-conscious buyers.
Despite the generous 1,423 square footage, the current 1-bedroom, 1-bathroom layout may limit appeal for buyers requiring more private rooms or guest accommodations at this price point.
A thoughtful renovation meets historic industrial architecture at the iconic Biscuit Company Lofts in Downtown LA's Arts District. Built in 1925 as Nabisco's West Coast headquarters, this landmark building was converted into residential lofts in 2007, preserving the character and craftsmanship of its industrial past. Residence 407 offers 1,423 square feet of expansive living space, soaring ceilings, exposed brick, original steel-framed factory windows, and beautifully refinished hardwood floors. A substantial renovation has transformed the kitchen into a striking centerpiece, featuring custom natural wood cabinetry, dramatic oversized stone countertops, a generous waterfall island, and premium stainless steel appliances by Thermador. The spacious bathroom has been reimagined with period-inspired tilework, classic penny tile flooring, a soaking tub, and contemporary fixtures that complement the building's historic character. The open floor plan offers exceptional versatility, with generous living, dining, and sleeping areas, plus the potential to add a second bedroom or dedicated home office. Abundant natural light and sweeping neighborhood outlooks reinforce the sense of openness throughout. Residents of the Mills Act-designated Biscuit Company Lofts enjoy a collection of amenities including a landscaped courtyard with a resort-style saline pool, outdoor gathering areas, fitness center, controlled access, and 24-hour security. Ideally situated in the heart of the Arts District, moments from acclaimed restaurants, galleries, boutiques, and neighborhood destinations, this is an opportunity to experience authentic loft living with the comforts of a beautifully updated home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,423 | 1,252.996 |
| Lot Size | 31,630 | 26,029.603 |
| Price | $1.35M | $778.5K |
| Price per sq ft | $949 | $629 |
| Built year | 1925 | 1981 |
| HOA | $1145.0 | $676 |
| Days on market | 19 | 74 |
Oct 21, 2026
$1,350,000
Initial Listing
Mar 28, 2025
$865,000
Public Record
Aug 15, 2014
$810,000
Public Record
Apr 12, 2007
$640,000
Public Record