1855 Industrial Street 421, Los Angeles, California 90021, Los Angeles, 90021 - 1 bed, 1 bath

1855 Industrial Street 421, Los Angeles, California 90021 home-pic-0
ACTIVE$670,000$911/sqft
1855 Industrial Street 421, Los Angeles, California 90021
1Bed
1Bath
911Sqft
42,628Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Iconic Building & Historic Charm: Located in the legendary Toy Factory Lofts, this property offers a unique blend of early 20th-century architecture and LA history, appealing to buyers seeking character and a storied address.
Top Cons:
High Monthly Association Fees: The association fee of $860.0 per month is substantial and will add a significant recurring cost to homeownership, potentially impacting affordability for some buyers.

Compared to the nearby listings

Price:$670.0K vs avg $812.5K ($-142,500)25%
Size:911 sqft vs avg 1,393.5 sqft25%
Price/sqft:$735 vs avg $70450%

More Insights

Built in 1924 (102 years old).
Condition: Despite being built in 1924, this loft has undergone a sophisticated and extensive redesign by an internationally celebrated designer. The description explicitly states a 'remodeled kitchen' with 'new paneled appliances' and a 'generous bathroom' with a 'signature custom paint design.' The images confirm a modern, high-end kitchen with sleek cabinetry, dark countertops, and contemporary appliances, and a stylish bathroom with new fixtures, subway tile, and a unique aesthetic. All interior components appear virtually new, meeting current quality standards with no deferred maintenance, aligning with an excellent condition.
Year Built
1924
Close
-
List price
$670K
Original List price
$725K
Price/Sqft
$735
HOA
$860
Days on market
-
Sold On
-
MLS number
26632473
Home ConditionExcellent
Features
Excellent View: Bridge(s), City Lights
ViewBridge(s),City Lights

About this home

SIGNIFICANT PRICE DROP - A rare chance to own an iconic Arts District loft at an exceptional value. Wake up every day to sweeping DTLA skyline views and luminous, southeast-facing light that pours through the original factory windows which frame the architectural landmark of the new Sixth Street Bridge. This stunning residence inside the legendary Toy Factory Lofts blends historic character with a sophisticated redesign by internationally celebrated designer Jose Carrasco-Lama, creating a home that feels elevated, artistic, and effortlessly livable. Soaring ceilings, rich textures, and the building's unmistakable industrial bones set the stage for a space that's both dynamic and warm. The private bedroom retreat is a dramatic modern addition that nods to the loft's original concrete pillars - creating a space that is bold, grounded, and beautifully integrated. The remodeled kitchen is sleek and refined, featuring new paneled appliances and thoughtful finishes that amplify the loft's natural depth and warmth. The generous bathroom is a true statement, showcasing Carrasco-Lama's signature custom paint design, turning a daily routine into an experience. The Toy Factory Lofts are known for having some of the best amenities in all of DTLA and Metro LA, including a rooftop pool + pavilion, a spectacular skyline-view garden terrace, expansive entertaining areas, and community dining and barbecue spaces. A fully equipped gym sits on the ground level within a space that celebrates the building's early 20th-century architecture and everyday luxury with historic charm. Additional conveniences include secured underground parking, a dedicated EV charging station, 24-hour security, and a 24-hour concierge bringing comfort, ease, and peace of mind to your daily life. Outside your door: the heartbeat of the Arts District. You're moments from destination favorites like Bestia, Bavel, Factory Kitchen, Hanks Grocery, and countless galleries, cafes, and creative spaces. This isn't just a loft. It's a piece of LA history with a new chapter waiting for you.

M
Matthew Freeman
Listing Agent

Price History

Date
Event
Price
08/03/12
Sold
$325,000
07/27/04
Sold
$264,000
Condition Rating
Excellent

Despite being built in 1924, this loft has undergone a sophisticated and extensive redesign by an internationally celebrated designer. The description explicitly states a 'remodeled kitchen' with 'new paneled appliances' and a 'generous bathroom' with a 'signature custom paint design.' The images confirm a modern, high-end kitchen with sleek cabinetry, dark countertops, and contemporary appliances, and a stylish bathroom with new fixtures, subway tile, and a unique aesthetic. All interior components appear virtually new, meeting current quality standards with no deferred maintenance, aligning with an excellent condition.
Pros & Cons

Pros

Iconic Building & Historic Charm: Located in the legendary Toy Factory Lofts, this property offers a unique blend of early 20th-century architecture and LA history, appealing to buyers seeking character and a storied address.
Exceptional Amenities & Services: The building boasts some of DTLA's best amenities, including a rooftop pool, skyline-view garden terrace, gym, secured parking with EV charging, 24-hour security, and concierge services, providing a luxurious and convenient lifestyle.
Prime Arts District Location: Situated in the vibrant Arts District, residents are moments away from acclaimed restaurants (Bestia, Bavel), galleries, cafes, and creative spaces, offering an unparalleled urban living experience.
Designer Renovation & Unique Features: The loft features a sophisticated redesign by internationally celebrated designer Jose Carrasco-Lama, including a remodeled kitchen, custom-designed bathroom, soaring ceilings, and original industrial elements.
Sweeping Views & Natural Light: Enjoy luminous, southeast-facing light and sweeping DTLA skyline views, including the architectural landmark of the new Sixth Street Bridge, through original factory windows.

Cons

High Monthly Association Fees: The association fee of $860.0 per month is substantial and will add a significant recurring cost to homeownership, potentially impacting affordability for some buyers.
Loft-Style Living Limitations: While stylish, the 1-bedroom, 1-bath loft layout (911 sqft) may not appeal to all buyers, particularly those desiring traditional room separation, more private living spaces, or additional bedrooms.
Recent Price Adjustment: The property has undergone a 'SIGNIFICANT PRICE DROP' from its original list price, which, while presenting a potential value, could also suggest previous overpricing or market resistance, potentially raising questions for buyers.
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