253 S Broadway 201, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
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Los Angeles, California 90012
This Historic Beaux Arts Loft is a Prime Investment Opportunity, listed at $685,000—positioned well below the $717,303 Fair Market Value by 4%. This valuation gap provides $32,303 in Instant Equity for the buyer. Boasting an Excellent Condition Rating, the unit features Viking and Wolf appliances, 11' ceilings, and original exposed brick. A critical financial advantage is the Mills Act designation, offering substantial property tax savings. Located directly across from Grand Central Market, this turnkey residence is an ideal acquisition for Urban Professionals or Owner-Occupants seeking a sophisticated, tax-advantaged lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 253 S Broadway 201 Subject | $668,000* List Price | 1 | 1 | 970 | $706 | - |
A 118 Astronaut Ellison S Onizuka Street 411 Sold | $765,000 | 1 | 1 | 994 | $770 | 0.4 mi |
B 118 Astronaut Ellison S Onizuka Street 201 Sold | $725,000 | 1 | 1 | 1,007 | $720 | 0.4 mi |
C 118 Astronaut Ellison S Onizuka Street 401 Sold | $770,000 | 1 | 1 | 1,007 | $765 | 0.4 mi |
D 118 Astronaut Ellison S Onizuka Street 801 Sold | $860,000 | 1 | 1 | 1,007 | $854 | 0.4 mi |
E 108 W 2nd Street 213 Sold | $507,500 | 1 | 1 | 1,050 | $483 | 0.2 mi |
F 118 Astronaut Ellison S Onizuka Street 410 Sold | $630,000 | 1 | 1 | 719 | $876 | 0.4 mi |
G 257 S Spring Street 2m Active | $765,000 List Price | 1 | 1 | 1,040 | $736 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a fully renovated loft featuring high-end Viking and Wolf appliances, custom cabinetry, and a redesigned spa-like bathroom. Despite the 1897 build date, the interior has been extensively updated with modern fixtures, premium flooring, and high-quality finishes, meeting the criteria for a recently renovated, move-in ready luxury residence.
As a designated L.A. Historic Cultural Monument, this property qualifies for the Mills Act, offering significant property tax reductions that effectively offset the monthly HOA dues.
The loft features a fully renovated chef's kitchen equipped with premium Viking and Wolf appliances, seamlessly blending 1897 historic character with luxury modern finishes.
Situated directly across from Grand Central Market and steps from the Bradbury Building and Metro, the property offers an unbeatable walk score for dining, culture, and transit.
At over $900 per month, the association dues are relatively high for a one-bedroom unit, which may be a deterrent for budget-conscious buyers despite the included utilities.
Located at the busy intersection of 3rd and Broadway, the unit is subject to significant street noise and high pedestrian traffic typical of a central downtown core.
A rare offering at the iconic Pan American Lofts, this beautifully renovated open-concept 1-bedroom blends historic grandeur with refined modern design. Built in 1897 and designated an L.A. Historic Cultural Monument, this intimate 40-unit Beaux Arts community qualifies for the MILLS ACT, offering significant property tax savings which helps offset the monthly HOA dues. Inside, 11' ceilings, original exposed brick, and oversized windows flood the space with natural light. The fully renovated chef's kitchen features custom cabinetry and high-end (Viking & Wolf) stainless steel appliances, while the redesigned bath delivers a clean, spa-like aesthetic. The open layout enhances the loft's scale and flexibility for live/work living. Conveniences include in-unit laundry, controlled entry, a community interior courtyard lounge area, and a prime parking spot in the secured on-site parking garage. Ideally located at 3rd & Broadway, the home is directly across from Grand Central Market and moments from the Bradbury Building, Metro, Little Tokyo, and DTLA's best dining and culture. HOA dues include water, gas, sewer, trash, high-speed internet, and premium cable (Spectrum + HBO).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 970 | 1,006 | 42% |
| Lot Size | 13,327 | 64,671 | 6% |
| Price | $668.0K | $630.0K | 58% |
| Price per sq ft | $689 | $590 | 58% |
| Built year | 1897 | 2005 | 3% |
| HOA | $907.15 | $821 | 68% |
| Days on market | 55 | 230 | 6% |
Mar 29, 2026
$668,000
$685,000
-2% Price Drop
Initial Listing
Feb 26, 2026
$685,000
Initial Listing
Dec 6, 2019
$639,000
Public Record
Jul 26, 2007
$450,000
Public Record