215 W 7th Street 602, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath
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Los Angeles, California 90014
This Historic Beaux Arts Live/Work Loft is listed at $375,000, representing a stable and fair entry point at its $370,550 Fair Market Value. Maintaining a Good Condition Rating, the corner unit preserves its 1911 character with double-hung lead-glass windows and cement floors alongside a modern Granite Kitchen. The property’s primary financial advantage is its Mills Act status, slashing property taxes by up to 70%. Offering a panoramic city skyline view and elite walkability, this is a sophisticated urban sanctuary for urban professionals or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 W 7th Street 602 Subject | $300,000* List Price | 1 | 1 | 780 | $390 | - |
A 215 W 7th Street 902 Sold | $300,000 | 0 | 1 | 780 | $385 | 0.0 mi |
B 746 S Los Angeles Street 403 Active | $349,900 List Price | 1 | 1 | 782 | $447 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained historic loft conversion. While the building dates to 1911, the interior features a functional kitchen with granite countertops and stainless steel appliances, likely from a mid-2000s renovation. The unit is move-in ready with clean finishes and functional systems, fitting the 10-20 year renovation window for a 'Good' rating.
The building is Mills Act approved, providing the owner with a substantial property tax reduction of approximately 50% to 70%, significantly lowering the monthly carrying costs.
Situated in a 1911 Beaux Arts building, this corner loft features authentic turn-of-the-century details including double-hung lead-glass windows, high ceilings, and industrial cement floors.
Located in the heart of the Historic Core, the property boasts an exceptional walk score with immediate proximity to Whole Foods, 7th & Fig shopping, and popular dining destinations.
The monthly association fee of $691 is relatively high for a 780-square-foot unit, which may offset some of the financial benefits gained from the Mills Act tax savings.
At 780 square feet, the open-concept live/work layout may feel restrictive for buyers seeking distinct separation between professional and personal living spaces.
Well appointed corner Live/Work Loft. Open plan with plenty of light and windows. Located in one of the beautiful Beaux Arts building of the last century and right in the middle of the historic core. Close to plenty of amenities, shopping at 7th and Fig., Whole Foods, Ralphs, walking distance to Shack Shake and other great eateries... The perfect urban setting. The loft features double hung lead-glass windows, a feature of the turn of the century; high ceilings, granite counter tops, cement floors and stainless steel appliances. Private and inviting at the same time. And best of all the building is a Mills Act approved building... taxes are about 50% - 70% savings from traditional real estate taxes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 0.5 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 780 | 780 | 50% |
| Lot Size | 15,925.54 | 15,925.77 | 50% |
| Price | $300.0K | $332.5K | 50% |
| Price per sq ft | $385 | $471 | 50% |
| Built year | 1911 | 1917 | 50% |
| HOA | $691.0 | $706 | 50% |
| Days on market | 40 | 257 | 25% |
May 31, 2026
$300,000
$350,000
-14% Price Drop
Initial Listing
May 21, 2026
$350,000
$375,000
-7% Price Drop
Initial Listing
May 6, 2026
$375,000
Initial Listing
Aug 23, 2011
$190,000
Public Record
Dec 22, 2009
$145,000
Public Record
Jun 7, 2006
$435,000
Public Record
Mar 25, 2005
$330,000
Public Record