1850 Industrial Street 702, Los Angeles, California 90021, Los Angeles, 90021 - 1 bed, 1 bath

1850 Industrial Street 702, Los Angeles, California 90021 home-pic-0
ACTIVE$749,000
1850 Industrial Street 702, Los Angeles, California 90021
1Bed
1Bath
620Sqft
31,620Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Historic Significance & Tax Benefits: Located in the Historic Biscuit Lofts, this Mills Act property offers significant tax reductions, making it an attractive investment.
Top Cons:
Relatively Small Size: At 620 sqft, the unit is smaller compared to other penthouse units, which might not appeal to buyers seeking more spacious living.

Compared to the nearby listings

Price:$749.0K vs avg $825.0K ($-76,000)20%
Size:620 sqft vs avg 1,598 sqft20%
Price/sqft:$1.2K vs avg $95180%

More Insights

Built in 1925 (100 years old).
Condition: The property was built in 1925. While the description mentions updates, the images show a mix of styles. The kitchen has stainless steel cabinetry and refrigerator drawers, but the overall design appears somewhat dated. The bathroom has marble tile, which is a nice touch, but the fixtures and overall style don't suggest a recent, high-end renovation. Given the age of the building and the level of visible updates, 'Fair' seems appropriate. It's likely maintained but not recently fully renovated.
Year Built
1925
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$1,208
HOA
$855.11
Days on market
-
Sold On
-
MLS number
24468405
Home ConditionFair
Features
Good View: Bridge(s), City Lights, Mountain(s), Panoramic
ViewBridge(s),City Lights,Mountain(s),Panoramic

About this home

MILLS ACT PROPERTY WITH MASSIVE TAX REDUCTION! Charming & uniquely updated PENTHOUSE unit at the Historic Biscuit Lofts! The least expensive Penthouse level unit available, located next to multi-million dollar units. Direct views of the mountains and the new 6th Street Bridge which is a stunning view in the evening. The unit is cheerfully bright with soaring ceilings and custom 18 foot closet doors. Kitchen features stainless steel cabinetry and refrigerator drawers. The bathroom has beautiful marble tile floors and shower walls. Laundry hookups are in-unit. The unit also has TWO side-by-side parking spaces which is unheard of for smaller units. It also includes ONE storage unit at the lobby level. Biscuit Lofts is considered the premiere condo building in the Arts District with sales as high as $5M and is a historical monument. Complete with 24 hour concierge, 75-foot saline pool, BBQ's, Firepit and Gym. HOA includes gas, water and trash. Just a stone's throw away from the highest rated restaurants in LA, art galleries, shopping, entertainment, the exclusive Soho house, and transportation. Building is also live/work, so this can also be used as an office space, pied de terre, art studio, guest space for friends & family, or your own home in the vibrant Arts District of Downtown LA!

Price History

Date
Event
Price
05/20/25
Sold
$663,000
03/01/19
Sold
$975,000
12/01/14
Sold
$475,000
04/26/13
Sold
$131,001
09/24/12
Sold
$125,001
Condition Rating
Fair

The property was built in 1925. While the description mentions updates, the images show a mix of styles. The kitchen has stainless steel cabinetry and refrigerator drawers, but the overall design appears somewhat dated. The bathroom has marble tile, which is a nice touch, but the fixtures and overall style don't suggest a recent, high-end renovation. Given the age of the building and the level of visible updates, 'Fair' seems appropriate. It's likely maintained but not recently fully renovated.
Pros & Cons

Pros

Historic Significance & Tax Benefits: Located in the Historic Biscuit Lofts, this Mills Act property offers significant tax reductions, making it an attractive investment.
Prime Location & Amenities: Situated in the vibrant Arts District, the property is close to top-rated restaurants, art galleries, and entertainment, with access to building amenities like a pool, gym, and 24-hour concierge.
Unique Features: This penthouse unit boasts soaring ceilings, custom closet doors, stainless steel kitchen cabinetry, in-unit laundry hookups, two parking spaces, and a storage unit, providing both convenience and style.

Cons

Relatively Small Size: At 620 sqft, the unit is smaller compared to other penthouse units, which might not appeal to buyers seeking more spacious living.
HOA Fees: While the HOA covers gas, water, and trash, the overall cost could be a consideration for some buyers, especially given the unit's size.

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