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253 S Broadway 507, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 1 bath

253 S Broadway 507, Los Angeles, California 90012 home-pic-0
ACTIVE$950,000
253 S Broadway 507, Los Angeles, California 90012
2Beds
1Bath
1,260Sqft
Lot
Year Built
1897
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$754
HOA
$942.96
Days on market
-
Sold On
-
MLS number
25575029
Home ConditionExcellent
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $950.0K(92th), sqft - 1260(77th), beds - 2(50th), baths - 1(42th).

Stunning Live/Work Tri-Level Penthouse Loft in the Iconic Pan American Building. Experience the best of downtown living in this rare Tri-level penthouse loft, perfectly situated in the architecturally striking Pan American building. Boasting dramatic Northeast exposure, this sun-drenched corner unit features soaring ceilings, hardwood floors, exposed brick walls, and a beautifully open floor plan that seamlessly blends modern comfort with historic charm. The spacious main level flows effortlessly into a private balcony ideal for morning coffee or evening wine while the top level opens to your very own rooftop deck patio, perfect for entertaining, relaxing, or soaking in city views under the stars. Whether you're working from home, entertaining guests, or simply enjoying the urban lifestyle, this flexible live/work layout adapts effortlessly to your needs. Brand new floors just installed in November. Mills Act approved building with substancial tax savings. One underground parking space included.

Price History

Date
Event
Price
08/06/25
Listing
$950,000
07/29/11
Sold
$455,000
Condition Rating
Excellent
Despite being built in 1897, this tri-level penthouse loft has undergone extensive and recent renovations, as evidenced by the 'brand new floors just installed in November' and the overall pristine condition shown in the images. The kitchen features modern white cabinetry, dark countertops, a stylish backsplash, and contemporary stainless steel appliances, all appearing new. The bathroom is equally updated with a floating vanity, modern fixtures, and clean tiling. The property exhibits a high level of quality, blending historic exposed brick with sleek, modern finishes and industrial-chic elements, indicating minimal physical depreciation and no deferred maintenance.
Pros & Cons

Pros

Unique Tri-Level Penthouse Loft: This rare tri-level penthouse loft in the iconic Pan American Building offers a distinctive living experience, blending historic architecture with modern comfort, including soaring ceilings and exposed brick.
Exceptional Outdoor Living: The property boasts a private balcony and an exclusive rooftop deck patio, providing unparalleled spaces for entertaining, relaxation, and enjoying city views under the stars.
Significant Tax Savings: As a Mills Act approved building, the property offers substantial property tax savings, enhancing its long-term financial appeal for an owner.
Flexible Live/Work Layout: The adaptable live/work floor plan caters to diverse needs, making it ideal for professionals, artists, or anyone seeking an integrated urban lifestyle.
Valuable Included Parking: The inclusion of one underground parking space is a significant amenity and a highly sought-after feature in downtown Los Angeles.

Cons

High Association Fees: The association fee of $942.96 per month is substantial and will add significantly to the monthly carrying costs for the owner.
Limited Bathroom Count: With only one bathroom for a 2-bedroom, tri-level penthouse, this could be a functional limitation for multiple occupants or when entertaining guests.
Potential for Heat/Cooling Concerns: The description highlights a 'sun-drenched corner unit' but does not mention a cooling system, which could be a drawback during warmer months in Los Angeles.

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