
Los Angeles, California 90012
This Historic Condominium represents a Strong Value Opportunity, listed at $649,000—positioned well above the $596,587 Fair Market Value. While the price reflects a premium, the unit features a Condition Rating of 3, showcasing high-end Poggenpohl cabinetry, Bosch appliances, and refurbished Douglas Fir flooring. The Mills Act contract provides significant long-term tax savings, offsetting the $1,104 HOA fee. With panoramic city views and a prime location near cultural landmarks, this residence is an ideal fit for Urban Professionals or Historic Preservation Enthusiasts.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 257 S Spring Street 4n Subject 2 bd · 2 ba · 1,060 sqft · $573 | $649,000* List Price | 2 | 2 | 1,060 | $573 | - |
A 800 W 1st Street 2805 Sold 2 bd · 2 ba · 1,172 sqft · $542 · 0.5 mi | $635,000 | 2 | 2 | 1,172 | $542 | 0.5 mi |
B 800 W 1st Street 2203 Sold 2 bd · 2 ba · 1,234 sqft · $470 · 0.5 mi | $580,000 | 2 | 2 | 1,234 | $470 | 0.5 mi |
C 222 S Central Avenue 224 Sold 2 bd · 2 ba · 1,087 sqft · $520 · 0.6 mi | $565,000 | 2 | 2 | 1,087 | $520 | 0.6 mi |
D 100 S Alameda Street 149 Sold 2 bd · 2 ba · 1,042 sqft · $614 · 0.6 mi | $640,000 | 2 | 2 | 1,042 | $614 | 0.6 mi |
E 118 Astronaut Ellison S Onizuka Street 601 Sold 1 bd · 1 ba · 1,007 sqft · $780 · 0.3 mi | $785,000 | 1 | 1 | 1,007 | $780 | 0.3 mi |
F 108 W 2nd Street 806 Sold 1 bd · 1 ba · 1,200 sqft · $546 · 0.1 mi | $655,000 | 1 | 1 | 1,200 | $546 | 0.1 mi |
G 118 Astronaut Ellison S Onizuka Street 307 Sold 1 bd · 1 ba · 807 sqft · $632 · 0.3 mi | $510,000 | 1 | 1 | 807 | $632 | 0.3 mi |
H 121 S Hope Street 433 Active 2 bd · 2 ba · 1,163 sqft · $515 · 0.4 mi | $599,000 List Price | 2 | 2 | 1,163 | $515 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1899, the unit features a modern kitchen with high-end Poggenpohl cabinetry and Bosch appliances, along with updated ensuite bathrooms. The refurbished Douglas Fir flooring and overall interior condition indicate a high-quality renovation likely performed within the 5-15 year range, leaving the property in move-in ready condition.
The property features a Mills Act contract, offering substantial property tax savings of approximately 50-60%, which significantly enhances long-term affordability.
This unit masterfully blends 1899 architectural elements like original brickwork and Douglas Fir flooring with high-end modern finishes, including Bosch appliances and Poggenpohl cabinetry.
Situated in the heart of the Historic Core, the residence offers exceptional walkability to world-class cultural landmarks like The Broad and Disney Concert Hall, plus the rare convenience of assigned garage parking.
The association fee is $1,104 per month, which represents a significant recurring expense that may impact the debt-to-income ratio for some buyers.
As a historic conversion, the second bedroom relies on an atrium view rather than an exterior window, which may limit natural light and traditional ventilation in that space.
This exceptional unit in the Historic Douglas Building features a thoughtfully designed floor plan with spacious living areas, a modern kitchen, 2 comfortable bedrooms, and 2 baths. It graciously combines genuine historic architectural features with essential modern amenities. Of note are the original brick work, vintage floor tiles, and refurbished Douglas Fir wood flooring. Upon entering, you are welcomed home by an inviting and bright vestibule. The vestibule provides access to the second bedroom (or home office) with an atrium view. Off the hallway leading from the vestibule is a closet with a full-size front-loading Miele Washer/Dryer. The hallway gives way to a spacious living area with stunning views of the LA skyline and the majestic 'Pope of Broadway' mural. The master bedroom includes an updated ensuite master bath with a walk-in shower and built-in bench. The open modern kitchen features stainless steel Bosch appliances and sleek Poggenpohl cabinetry. A combination of lofty high-ceilings and double-hung windows provide generous daylight from both eastern and western directions. This one-of-a-kind unit also comes with assigned parking in the elevator accessed garage. Optional transportation exists a block away at the new downtown Metro station. The neighborhood is replete with trendy restaurants and shops, and further situated within walking distance of various cultural venues including Disney Concert Hall, the Broad Museum, MOCA, the Music Center, the Bradbury Building, and the Grand Central Market. The Douglas Building is a classical revival building built in 1899. It was designated a local historic monument and has a Mills Act contract ensuring nearly 50-60% savings in property taxes. Don't miss out on this once in a lifetime opportunity to own and live in a significant historic building in a vibrant neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,060 | 1,252.996 |
| Lot Size | - | 26,029.603 |
| Price | $649.0K | $778.5K |
| Price per sq ft | $612 | $629 |
| Built year | 1899 | 1981 |
| HOA | $1104.0 | $676 |
| Days on market | 35 | 74 |
Oct 5, 2026
$649,000
Initial Listing
May 14, 2008
$625,000
Public Record
Aug 11, 2005
$456,000
Public Record