253 S Broadway 201, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath

253 S Broadway 201
Los Angeles, California 90012
Property Price
SUMMARY
Analysis of 253 S Broadway 201, Los Angeles, California 90012 is currently available with a list price of $685,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Savings
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.
- High-End Modern Renovations
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.
- Prime DTLA Location
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.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
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.
- Urban Noise and Density
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.
About 253 S Broadway 201
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).
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1897
- Lot Size
- 13,327 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $907.15 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 970 | 1,007 | 35% |
| Lot Size | 13,327 | 64,671 | 6% |
| Price | $685.0K | $602.0K | 65% |
| Price per sq ft | $706 | $560 | 65% |
| Built year | 1897 | 1985 | 3% |
| HOA | $907.15 | $773 | 71% |
| Days on market | 8 | 190 | 3% |
Pricing History
Listed for Sale
Feb 26, 2026
$685,000
Initial Listing
Sold
Dec 6, 2019
$639,000
Public Record
Sold
Jul 26, 2007
$450,000
Public Record































