253 S Broadway 504, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
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Los Angeles, California 90012
This Historic Penthouse Loft is a Strong Value Opportunity, listed at $920,000—positioned slightly above the $897,104 Fair Market Value. While priced at market, the property offers unique Mills Act Tax Benefits and a Condition Rating of 3, ensuring a move-in ready experience. Featuring 17-foot ceilings, a private rooftop sanctuary, and panoramic city views, this residence provides an unmatched urban lifestyle in the heart of the Historic Core. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a rare, architecturally significant DTLA landmark.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 253 S Broadway 504 Subject | $920,000* List Price | 1 | 1 | 1,210 | $741 | - |
A 108 W 2nd Street 1006 Sold | $1,100,000 | 0 | 2 | 1,460 | $753 | 0.2 mi |
B 118 Astronaut Ellison S Onizuka Street 411 Sold | $765,000 | 1 | 1 | 994 | $770 | 0.4 mi |
C 118 Astronaut Ellison S Onizuka Street 801 Sold | $860,000 | 1 | 1 | 1,007 | $854 | 0.4 mi |
D 118 Astronaut Ellison S Onizuka Street 811 Sold | $875,000 | 1 | 1 | 994 | $880 | 0.4 mi |
E 118 Astronaut Ellison S Onizuka Street 201 Sold | $725,000 | 1 | 1 | 1,007 | $720 | 0.4 mi |
F 118 Astronaut Ellison S Onizuka Street 401 Sold | $770,000 | 1 | 1 | 1,007 | $765 | 0.4 mi |
G 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 move-in ready.
This historic loft was converted/renovated approximately 15 years ago. The interior shows well-maintained hardwood floors, high-quality architectural details, and updated systems consistent with a mid-2000s conversion. It is move-in ready and functional, fitting the 10-20 year age bracket for well-maintained properties.
As a designated Historic-Cultural Monument, this property qualifies for the Mills Act, offering the owner substantial property tax savings of up to 70%.
This corner penthouse features soaring 17-foot ceilings, original brick-framed windows, and a rare private rooftop sanctuary with panoramic views of the city and mountains.
Located in the heart of the Historic Core, the unit is directly across from Grand Central Market and the Metro, providing exceptional walkability to DTLA's premier dining and entertainment.
The association fee of $961.75 per month is relatively high for a one-bedroom residence, which may impact the overall affordability for some buyers.
Built in 1897, the property's historic status and age may result in stricter renovation guidelines and potential challenges associated with maintaining vintage infrastructure.
Welcome to the Historic Crown Jewel of Downtown, a one of a kind corner penthouse loft in Los Angeles' second oldest commercial building, Pan American Lofts. Also known as the Irvine Byrne Building and designated Historic-Cultural Monument No. 544, this iconic 41-residence Mills Act community offers property tax savings of up to 70%. Offered for the first time in 15 years, this exceptional penthouse presents a rare opportunity to own a residence that has had just one previous owner. The unit features an unobstructed view down Broadway, framing a bird's-eye view of the landmark Bradbury Building and the richly detailed Spanish Revival facade of the Million Dollar Theatre, sculpted by renowned artist Jo Mora. Soaring 17 foot ceilings, a lofted bedroom with hardwood flooring, and nine expansive east and south-facing brick framed windows create a bright and airy living space. A dramatic spiral staircase leads to the lofted bedroom and private rooftop sanctuary, offering panoramic city and Mountain View's ideal for rooftop gardening and entertaining. The unit includes a deeded subterranean parking space conveniently positioned near the elevator and access to the buildings central courtyard. Located in the heart of Downtown Los Angeles' Historic Core, Pan American Lofts is directly across from Grand Central Market and the Historic Broadway Metro station, with Little Tokyo, the Financial District, and some of DTLA's best dining, shopping, and entertainment just moments away.
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 | 1,210 | 1,243 |
| Lot Size | 13,327 | 24,016 |
| Price | $920.0K | $805.6K |
| Price per sq ft | $760 | $659 |
| Built year | 1897 | 1981 |
| HOA | $961.75 | $684 |
| Days on market | 19 | 71 |
Jul 3, 2026
$920,000
Initial Listing
Dec 12, 2011
$450,000
Public Record