
Los Angeles, California 90014
This Prime Investment Opportunity is listed at $450,000, positioned well below the $463,355 Fair Market Value by 2%. This valuation gap offers $13,355 in Instant Equity. Featuring a Mint Condition Rating with a fully remodeled kitchen and bath, this historic Bartlett Building residence offers modern comfort and Mills Act tax savings. Its central location and rooftop deck provide significant lifestyle appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, tax-advantaged urban residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 W 7th Street 707 Subject 2 bd · 1 ba · 740 sqft · $628 | $450,000* List Price | 2 | 1 | 740 | $628 | - |
A 215 W 7th Sold 1 bd · 1 ba · 750 sqft · $700 | $525,000 | 1 | 1 | 750 | $700 | - |
B 746 S Los Angeles Street 1001 Sold 0 bd · 1 ba · 872 sqft · $510 · 0.2 mi | $445,000 | 0 | 1 | 872 | $510 | 0.2 mi |
C 315 E 8th Street 205 Active 1 bd · 1 ba · 670 sqft · $567 · 0.3 mi | $380,000 List Price | 1 | 1 | 670 | $567 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The unit features a recently fully remodeled kitchen and bathroom with contemporary finishes, including zellige tile, custom cabinetry, and stainless steel appliances. Modern systems like central HVAC have been installed, leaving the historic property in mint, move-in ready condition.
The property's status as a designated Historic Cultural Monument qualifies it for the Mills Act, providing substantial property tax savings for the owner.
The unit features a fully remodeled kitchen and bath, central HVAC, and sound-insulated windows, blending historic charm with contemporary comfort and convenience.
Situated in the iconic Bartlett Building within the Historic Core, residents enjoy 24-hour security, a rooftop deck, and proximity to Downtown LA's premier cultural landmarks.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
With only 740 square feet allocated for a two-bedroom layout, the living areas and secondary bedroom may feel restrictive for some occupants.
The association fee of $716.90 is relatively high for the unit's size, which may impact the overall monthly carrying costs for potential buyers.
Located in the Historic core, this remodeled two-bedroom residence at the Bartlett Building brings together Downtown LA character and thoughtful modern design. Built in 1911 in the Beaux-Arts style, the Bartlett is a 14 story, 130 unit property and designated Los Angeles Historic Cultural Monument No. 1089 with amenities that include 24-hour security, a rooftop deck with panoramic views, and a third floor courtyard. Equally suited for live/work, with a thoughtful and flexible layout this south-facing residence features a fully remodeled kitchen and bath, central HVAC, custom cabinetry, zellige tile, in-unit laundry, and six windows that fill the space with natural light. The unit additionally features concrete floors and stainless steel appliances. The spacious primary bedroom features a walk-in closet and double windows with impressive sound insulation, creating an exceptionally quiet living environment for its location. Centrally located to Downtown's Jewelry District, the LA Athletic Club, and the Orpheum Theatre, unit 707 is a unique residence that pairs Historic Downtown Los Angeles architecture with a contemporary interior all while benefiting from tax savings due to the buildings Mills Act status.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 740 | 1,252.996 |
| Lot Size | 15,926 | 26,029.603 |
| Price | $450.0K | $778.5K |
| Price per sq ft | $608 | $629 |
| Built year | 1911 | 1981 |
| HOA | $716.9 | $676 |
| Days on market | 44 | 74 |
Sep 26, 2026
$450,000
Initial Listing
Mar 28, 2012
$182,500
Public Record
May 18, 2005
$415,000
Public Record
Mar 15, 2005
$300,000
Public Record