
Los Angeles, California 90014
This Historic Live/Work Loft is a Strong Value Opportunity, listed at $479,000—positioned slightly above the $472,807 Fair Market Value. While the price reflects current market stability, the property offers significant long-term financial upside through its Mills Act contract, which provides a 70% property tax reduction. Featuring an Excellent Condition Rating with a remodeled bathroom and new HVAC, this unit offers a turnkey lifestyle in the heart of DTLA. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-walkability urban residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 W 7th Street 407 Subject | $479,000* List Price | 1 | 1 | 755 | $626 | - |
A 215 W 7th Sold | $525,000 | 1 | 1 | 750 | $700 | - |
B 746 S Los Angeles Street 1001 Sold | $445,000 | 0 | 1 | 872 | $510 | 0.2 mi |
C 215 W 7th Street 1301 Active | $389,000 List Price | 0 | 1 | 570 | $682 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a brand new central heating and AC unit and a fully remodeled modern bathroom with a seamless shower. While the building is historic (1911), the unit itself has undergone recent high-quality renovations and is in mint, move-in ready condition with no immediate maintenance required.
The property benefits from a coveted Mills Act contract, offering owners a significant property tax reduction of approximately 70%, which greatly enhances long-term affordability.
This loft features authentic 1911 details including 11-foot ceilings, original exposed brick, and six massive windows that flood the space with natural light and city views.
Boasting a Walk Score of 97, the residence is perfectly positioned near top-tier amenities like Whole Foods, Grand Central Market, and the Apple Store in the heart of Downtown LA.
The association fee of $796 per month is relatively high for a 755-square-foot unit, which may impact the debt-to-income ratio for some buyers.
Parking is not included in the purchase price and requires an additional monthly rental fee, which can be a significant inconvenience and ongoing expense in a dense urban area.
Art vibes mix with historic character in this 1 bed, 1 bath live/work loft that combines creativity and function. Situated in the historically designated Bartlett building, this loft benefits from the coveted Mills Act contract, offering owners a significant property tax savings of nearly 70% off. Every single one of the six massive windows showcases city views in addition to bringing in tons of natural light. 755sf of flexible space boasts nearly 11-feet ceilings, original exposed brick-work walls, and concrete floors throughout. The open plan layout is ideal for creating spaces according to your needs. Thoughtful updates include a brand new central heating and AC unit, as well as smart built-in storage throughout. The bedroom area can be open or made private with custom sliding doors, and there is a fully remodeled bathroom with seamless shower, and an oversized W/D in the hall nook. Well maintained and thoughtfully designed, this creative loft is ready to move in. Sale includes vintage stainless steel kitchen island, kitchen appliances, and modular/movable shelf partition. Enjoy 24/7 front desk reception and security, rooftop deck with stunning panoramic views, and a courtyard. There is rentable monthly parking in the building for a fee. The Bartlett building location has a WALKSCORE of 97. Within a few blocks is Whole Foods, upcoming Erewhon, Metro lines, Grand Central Market, Freehand Hotel, Apple Store, LA Athletic Club, Bottega Louie, The Bloc, Alamo Drafthouse, Sugarfish, Kazunori, The Broad, Walt Disney Concert Hall, The Conrad, MOCA, Cliftons, Fashion District, Spring Arcade, Stile Hotel, Hoxton Hotel, and more.
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 | 755 | 1,219.385 |
| Lot Size | 15,926 | 27,236.074 |
| Price | $479.0K | $800.2K |
| Price per sq ft | $634 | $650 |
| Built year | 1911 | 1979 |
| HOA | $796.0 | $685 |
| Days on market | 9 | 72 |
Aug 31, 2026
$479,000
Initial Listing
Dec 30, 2022
$439,000
Public Record
Mar 14, 2005
$280,000
Public Record