1850 Industrial Street 411, Los Angeles, California 90021, Los Angeles, 90021 - 1 bed, 2 bath
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1850 Industrial Street 411
Los Angeles, California 90021
ACTIVE
CONDITION: EXCELLENT
1Beds
2Baths
1,670Sq Ft
31,630Lot Size
Property Price
LIST PRICE$1,469,000
EST. MARKET VALUE
$1,256,110
16% AboveMARKET VALUE
SUMMARY
This Historic Arts District Loft is a High-Potential Investment Opportunity, listed at $1,469,000—positioned well above the $1,256,111 Fair Market Value by 16%. While priced at a premium, the unit features a Condition Rating of 2, showcasing a custom quartz kitchen, refinished hardwood floors, and panoramic skyline views. The Mills Act tax benefits significantly lower long-term carrying costs, offsetting the higher HOA fees. This rare, move-in ready asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury urban lifestyle.
Estimated Market Value
$1,256,110
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 411 Subject | $1,469,000* List Price | 1 | 2 | 1,670 | $752 | - |
A 1855 Industrial Street 606 Sold | $1,112,500 | 2 | 1 | 1,598 | $696 | 0.0 mi |
B 1855 Industrial Street 509 Active | $1,195,000 List Price | 1 | 2 | 1,778 | $672 | 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.
While the building dates to 1925, the unit features a high-end custom kitchen with modern quartz and stainless steel finishes, newly refinished hardwood floors, and a newer HVAC system. The interior is in mint condition with recent upgrades, meeting the criteria for a top-tier renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Benefits
The property qualifies for the Mills Act, offering a massive reduction in annual property taxes, which significantly enhances the long-term investment value and lowers the monthly carrying costs.
- Premier Corner Layout
As a coveted southwest corner unit, the loft features soaring ceilings and expansive walls of windows that provide exceptional natural light and picturesque views of the Downtown LA skyline.
- High-End Custom Finishes
The interior is meticulously upgraded with a custom quartz kitchen island, wine cooler, refinished hardwood with UV coating, and original terrazzo flooring, blending historic character with modern luxury.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =31630, other record lot size in square feet = 31720.
- High Monthly HOA Fees
The association fee of $1,217 per month is relatively high, which may be a deterrent for budget-conscious buyers despite the inclusion of several utilities and amenities.
- Limited Parking
The unit only includes one secure parking space, which could be a significant drawback for multi-vehicle households or those living in a high-density urban area like the Arts District.
About 1850 Industrial Street 411
Fantastic price paired with low property taxes from Mills Act! Located in the premiere Historic building in the Arts District, this 4th floor "Biscuit Loft" SW CORNER unit is sure to impress. Known as one of the BEST units in the building, the floorplan is unique and special. A long private entry hall leads to a massive space with soaring ceilings and cornered walls of windows that run the entire length/width of the unit. Flooded with light, stunning sunsets, and picturesque views of Downtown LA - means you may never want to leave home! Custom built kitchen includes upgraded quartz island, chic geometric stone back-splash, Refrigerator w/LCD screen, wine cooler, stainless steel cabinets, and high-end fixtures. Newly refinished hardwood flooring (with UV coating) combined with original terrazzo make an elegant statement. Custom office build-out and separated bedroom area allows for unique and private spaces within the unit, including two full baths. Electric solar shades, custom paint, and underground secure parking complete the package and make this a RARE FIND in an area bustling with excitement! Within a stone's throw to many world class restaurants, art galleries, Soho House, new 6th St. Bridge, and numerous developments in the works! Most exciting area in DTLA and the perfect place to live/work. Community salt-water pool, BBQ, newer outdoor furniture & lobby, and 24/7 security/concierge. Newer Air/Heat system. 1 Secure Parking spot. 1 Storage Space. Gas/Water/Trash included. MASSIVE REDUCTION IN PROPERTY TAXES DUE TO MILLS ACT!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1925
- Lot Size
- 31,630 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1217.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,670 | 1,219.385 |
| Lot Size | 31,630 | 27,236.074 |
| Price | $1.47M | $800.2K |
| Price per sq ft | $880 | $650 |
| Built year | 1925 | 1979 |
| HOA | $1217.0 | $685 |
| Days on market | 19 | 72 |
Pricing History
Listed for Sale
Aug 21, 2026
$1,469,000
Initial Listing
Sold
Apr 7, 2023
$2,265,000
Public Record
Sold
May 27, 2016
$1,270,000
Public Record
Sold
Apr 24, 2007
$846,500
Public Record