257 S Spring Street 2m, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath

257 S Spring Street 2m, Los Angeles, California 90012 home-pic-0

257 S Spring Street 2m

Los Angeles, California 90012

ACTIVE
CONDITION: GOOD
1Beds
1Baths
1,040Sq Ft
28,826Lot Size

Property Price

LIST PRICE$765,000

SUMMARY

Analysis of 257 S Spring Street 2m, Los Angeles, California 90012 is currently available with a list price of $765,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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

Good
TeardownExcellent

Property is move-in ready.

This property is move-in ready and features high-end finishes from its 2005 adaptive re-use, including Poggenpohl kitchen cabinetry, Bosch appliances, and Waterworks bathroom fixtures. The condition is bolstered by recent functional upgrades such as a replaced HVAC system and a new electrical breaker box, though the primary aesthetic renovations are approximately 19 years old.

PROSSTRENGTHS & OPPORTUNITIES

  • Historic Character & Modern Luxury

    This corner loft seamlessly blends 1899 architectural details like exposed brick and 9ft ceilings with premium modern upgrades, including Poggenpohl cabinetry, Bosch appliances, and a recently updated HVAC system.

  • Significant Tax Savings

    The property benefits from the Mills Act, which provides the owner with substantial property tax reductions, offering a major long-term financial advantage for historic real estate in Los Angeles.

  • Prime DTLA Connectivity

    Located in the heart of the Historic Core, the property offers an ultra-walkable lifestyle just steps from Grand Central Market, the Bradbury Building, and the Historic Broadway subway station.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.

  • Lack of On-Site Amenities

    The Douglas Building does not offer traditional residential amenities such as a fitness center, pool, or community room, which may be a drawback for buyers seeking a full-service lifestyle.

  • High Monthly HOA Fees

    At approximately $842 per month, the association fees are relatively high, especially considering the absence of on-site building amenities.

About 257 S Spring Street 2m

This STUNNING corner loft, with 9ft tall ceilings, exposed brick, massive operable windows, cross- ventilation, and dramatic views of the world-famous Bradbury Building and the beautiful DTLA skyline, must be seen in-person to be appreciated. This wonderful loft features: an historic entry door; historic tile and wood floors; a dramatic foyer and entry gallery; very large and open, loft-style living, dining and kitchen areas; Poggenpohl kitchen cabinets and countertops; Bosch appliances, including a gas stovetop; a stackable washer and dryer; a Waterworks bathroom, including a large, deep, soaking bathtub; a large, separate private bedroom with a door for privacy; custom window coverings; and a recently replaced HVAC system, and new electrical breaker box. The Douglas Building (DB), located at the northwest corner of S Spring and W 3rd Streets in Downtown Los Angeles (DTLA), was completed in 1899 as an office building by the estate of Thomas Douglas Stimson, and is one of the most sought-after adaptive re-use addresses in the Central City. In 2005, the developer took great care to utilize as much historic fabric as possible, but the lofts themselves, including all utilities, were new construction. Designed by Reid Brothers Architects in the "Classic Revival Style," and located just two blocks south of Los Angeles City Hall, and one block from the iconic Grand Central Market (GCM), the DB benefits from The Mills Act, which significantly reduces the property taxes for the buyer. The DB is a dog (and cat!) loving building, has a doggy potty area, and the Police Headquarters "dog park" lawn is only a block away at S Spring and W 2nd Streets. The Historic Broadway subway station is located on the same block as the DB, at the southeast corner of S Broadway and W 2nd St. Although the DB has no on-site building amenities, DTLA itself is the amenity, including the GCM, Grand Park, the Music Center, which includes the Walt Disney Concert Hall, The Broad Museum and many restaurants and bars within easy walking distance. We hope you'll come to see Unit 2M soon!

Property Details

Public Facts

Property Type
Condominium
Year Built
1899
Lot Size
28,826 Sq. Ft.

Interior

Total Bedrooms
1
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$841.91 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.01.0
50%
Baths1.01.0
50%
Square foot1,0401,023.5
50%
Lot Size28,82664,671
38%
Price$765.0K$602.0K
76%
Price per sq ft$736$560
76%
Built year18991985
6%
HOA$841.91$773
59%
Days on market22190
3%

Pricing History

Listed for Sale

Feb 12, 2026

$765,000

Initial Listing

Sold

Sep 6, 2022

$762,000

Public Record

Sold

Jul 28, 2017

$750,000

Public Record

Sold

Jul 15, 2009

$430,000

Public Record

Sold

Jun 30, 2005

$410,500

Public Record

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