253 S Broadway 403, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
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Los Angeles, California 90012
This Turnkey Historic Loft is a Strong Value Opportunity, listed at $649,000—positioned well below the $703,695 Fair Market Value by 7%. This valuation gap offers $54,695 in Instant Equity. Featuring a Condition Rating of 2, the unit includes high-end architectural renovations, custom storage, and a private Tesla EV charger. Located in the historic Pan American Building, it offers a premier urban lifestyle near the Grand Central Market. This is an ideal acquisition for Owner-Occupants seeking luxury or first-time buyers prioritizing tax-advantaged historic living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 253 S Broadway 403 Subject | $649,000* List Price | 1 | 1 | 940 | $737 | - |
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 204 Sold | $470,000 | 1 | 1 | 668 | $704 | 0.4 mi |
C 118 Astronaut Ellison S Onizuka Street 504 Sold | $525,000 | 1 | 1 | 668 | $786 | 0.4 mi |
D 118 Astronaut Ellison S Onizuka Street 201 Sold | $725,000 | 1 | 1 | 1,007 | $720 | 0.4 mi |
E 118 Astronaut Ellison S Onizuka Street 401 Sold | $770,000 | 1 | 1 | 1,007 | $765 | 0.4 mi |
F 118 Astronaut Ellison S Onizuka Street 505 Sold | $525,000 | 1 | 1 | 702 | $748 | 0.4 mi |
G 118 Astronaut Ellison S Onizuka Street 410 Sold | $630,000 | 1 | 1 | 719 | $876 | 0.4 mi |
H 118 Astronaut Ellison S Onizuka Street 510 Sold | $645,000 | 1 | 1 | 719 | $897 | 0.4 mi |
I 257 S Spring Street 2m Active | $724,000 List Price | 1 | 1 | 1,040 | $696 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although the building dates to 1897, the unit has undergone a high-end architectural renovation. It features a modern bathroom with contemporary fixtures, new kitchen appliances, updated flooring, and custom built-in storage throughout. The inclusion of a private Tesla EV charger and new LG laundry systems indicates that the electrical and functional components are in mint condition and move-in ready.
The property benefits from the Mills Act, offering exceptionally low property taxes of approximately $2,300 per year, providing substantial long-term financial value for the owner.
This loft overcomes typical urban storage limitations with extensive custom built-ins and includes a rare deeded underground parking space equipped with a private Tesla Universal EV charger.
Located in the historic Pan American Building, the residence is steps from Grand Central Market and the LA Music Center, offering a premier urban lifestyle in the heart of DTLA.
The monthly HOA fee of $902.39 is relatively high for a one-bedroom unit, which significantly increases the total monthly carrying cost for the owner.
As a structure dating back to 1897, the property may present challenges related to aging infrastructure and strict preservation guidelines for any future modifications.
RARE OPPORUNITY-HISTORIC MILLS ACT UPGRADED LOFT WITH NEW APPLIANCES, TREMENDOUS STORAGE & YOUR OWN EXCLUSIVE USE TESLA UNIVERSAL EV CHARGER IN YOUR DEEDED UNDERGROUND PARKING SPACE - Works for all electric vehicles currently sold in USA not just Teslas! Welcome to your new home in the historic Pan American Building at the corner of 3rd & Broadway in DTLA, built in classic Spanish Colonial/Beaux Art style in 1897, it sits across from the iconic Bradbury Building, 1/2 block from the Grand Central Market with its fabulous selection of restaurants, bakeries, deserts & coffees & approximately 3 blocks from the LA Music Center & Walt Disney Concert Hall by architect Frank Gehry. While classic DTLA lofts sacrifice storage, this architecturally renovated 1 BR/1BA loft features 10' ceilings w/soaring architect designed new, built-in display cabinets, 2 full walls custom bookcases & wardrobes, new kitchen appliances & full size LG washer/dryer; new, programmable security code entry deadbolt lock; only 4th flr units like #403 have tall arched windows; Large open air community interior courtyard with outdoor patio furniture located on 2d floor; Great DTLA location 3rd & Broadway, close to N/S 110 freeway onramps; Low Mills Act property taxes apprx $2300 yr.
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 | 940 | 1,243 |
| Lot Size | 13,327 | 24,016 |
| Price | $649.0K | $805.6K |
| Price per sq ft | $690 | $659 |
| Built year | 1897 | 1981 |
| HOA | $902.39 | $684 |
| Days on market | 40 | 71 |
Jun 12, 2026
$649,000
Initial Listing
Aug 6, 2010
$240,000
Public Record
Aug 30, 2007
$485,500
Public Record