Realkey.ai
RealKey
‪(213) 433-7766‬

1850 Industrial Street 708, Los Angeles, California 90021, Los Angeles, 90021 - 1 bed, 2 bath

1850 Industrial Street 708, Los Angeles, California 90021 home-pic-0
ACTIVE$2,399,000$2,405/sqft
1850 Industrial Street 708, Los Angeles, California 90021
1Bed
2Baths
2,405Sqft
31,630Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Historic Significance & Mills Act Benefits: The property is located in the Biscuit Lofts, a building on the National Register of Historic Buildings, offering owners the significant financial advantages of the Mills Act, primarily property tax savings.
Top Cons:
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.

Compared to the nearby listings

Price:$2.40M vs avg $1.26M (+$1,135,500)75%
Size:2,405 sqft vs avg 1,694 sqft75%
Price/sqft:$998 vs avg $81275%

More Insights

Built in 1925 (101 years old).
Condition: Despite the 1925 built year, this loft has undergone an extensive and high-quality renovation, evident in the modern industrial-chic aesthetic. The kitchen features high-end stainless steel appliances (Sub-Zero style fridge, professional range), sleek dark cabinetry, marble and butcher block countertops, and contemporary fixtures, all appearing virtually new. The bathrooms are equally impressive, with a luxurious main bath boasting a freestanding tub and a spacious walk-in shower with modern fixtures, and a clean, functional second bath with modern appliances. Polished concrete floors, exposed brick, and updated lighting throughout contribute to a property that meets current quality standards with no deferred maintenance.
Year Built
1925
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$998
HOA
$1,256
Days on market
-
Sold On
-
MLS number
P1-25336
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Panoramic
Patio
ViewCity Lights,Mountain(s),Panoramic

About this home

Step into an exceptional urban sanctuary at the Biscuit Lofts in the Arts District--a true artist's mega loft that harmonizes industrial charm with modern elegance. Sprawling across 2,400 square feet, this unique space boasts soaring 17-foot ceilings, creating a voluminous atmosphere perfect for creative expression and dynamic living. Biscuit Lofts is on the National Register of Historic Buildings, and owners have the benefits of the Mills Act.Designed for the discerning individual, this loft features two luxurious bathrooms and a versatile open layout adaptable to your personal needs, including the opportunity to expand a second bedroom. The seamless transition between indoor and outdoor living extends to two private outdoor spaces totaling nearly 1,200 additional square feet, offering serene retreats with panoramic cityscape views--ideal for entertaining or quiet reflection.Residents of this prestigious midrise enjoy a wealth of premium amenities, including a full-time concierge service, a 75-foot pool with a BBQ area, and a subterranean parking garage. This unit comes with two assigned parking spaces, both with EV hookups in the secured garage. Security is paramount, with a robust security system and gated entry ensuring peace of mind.Downtown LA's Arts District is the heart of the vibrant culinary scene in Los Angeles with acclaimed restaurant Camelia on site and endless world-class restaurants mere steps away. Embrace the epitome of style and sophistication in the heart of Downtown Los Angeles' Arts District.

M
Michael Robleto
Listing Agent

Price History

Date
Event
Price
05/17/17
Sold
$2,550,000
07/22/10
Sold
$1,300,000
Condition Rating
Excellent
Despite the 1925 built year, this loft has undergone an extensive and high-quality renovation, evident in the modern industrial-chic aesthetic. The kitchen features high-end stainless steel appliances (Sub-Zero style fridge, professional range), sleek dark cabinetry, marble and butcher block countertops, and contemporary fixtures, all appearing virtually new. The bathrooms are equally impressive, with a luxurious main bath boasting a freestanding tub and a spacious walk-in shower with modern fixtures, and a clean, functional second bath with modern appliances. Polished concrete floors, exposed brick, and updated lighting throughout contribute to a property that meets current quality standards with no deferred maintenance.
Pros & Cons

Pros

Historic Significance & Mills Act Benefits: The property is located in the Biscuit Lofts, a building on the National Register of Historic Buildings, offering owners the significant financial advantages of the Mills Act, primarily property tax savings.
Expansive & Flexible Living Space: Spanning 2,405 square feet with soaring 17-foot ceilings, this mega loft provides a voluminous atmosphere, industrial charm, modern elegance, and a versatile open layout with the potential to expand to a second bedroom.
Exceptional Private Outdoor Space & Views: The unit boasts nearly 1,200 additional square feet across two private outdoor spaces, offering serene retreats with panoramic cityscape, city lights, and mountain views, a rare luxury in urban settings.
Premium Building Amenities & Security: Residents benefit from a full-time concierge, a 75-foot pool with a BBQ area, two assigned subterranean parking spaces with EV hookups, and a robust security system with gated entry, ensuring comfort and peace of mind.
Prime Arts District Location: Situated in the vibrant heart of Downtown LA's Arts District, the property offers immediate access to a world-class culinary scene, including an acclaimed on-site restaurant, and a dynamic cultural environment.

Cons

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 Association Fees: The monthly association fee of $1,256 is substantial and adds significantly to the overall cost of ownership, which could be a deterrent for some buyers.
Limited Dedicated Bedrooms: Despite its expansive 2,405 square feet, the unit is currently configured as a 1-bedroom, which may not cater to buyers requiring multiple distinct sleeping areas, even with the potential for expansion.
Urban Environment Drawbacks: While the Arts District offers vibrant city living, potential buyers sensitive to urban noise, traffic, or a lack of traditional green spaces might find this aspect less appealing.
Browse Properties by State Browse housing market trends by state