257 S Spring Street 2m, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath
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Los Angeles, California 90012
This Historic Corner Loft in the iconic 1899 Douglas Building is listed at $765,000, representing a stable market entry aligned with its $750,220 Fair Market Value. Maintaining a Condition Rating of 3, the interior features a high-end Poggenpohl Kitchen, Bosch appliances, and Waterworks fixtures framed by original exposed brick and 9ft ceilings. A critical financial highlight is the Mills Act status, which grants the owner significant property tax reductions. This turnkey residence is an exceptional match for Urban Professionals or Owner-Occupants seeking a sophisticated, walkable lifestyle in the Historic Core.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 257 S Spring Street 2m Subject | $765,000* List Price | 1 | 1 | 1,040 | $716 | - |
A 118 Astronaut Ellison S Onizuka Street 411 Sold | $765,000 | 1 | 1 | 994 | $770 | 0.3 mi |
B 118 Astronaut Ellison S Onizuka Street 201 Sold | $725,000 | 1 | 1 | 1,007 | $720 | 0.3 mi |
C 118 Astronaut Ellison S Onizuka Street 811 Sold | $875,000 | 1 | 1 | 994 | $880 | 0.3 mi |
D 118 Astronaut Ellison S Onizuka Street 801 Sold | $860,000 | 1 | 1 | 1,007 | $854 | 0.3 mi |
E 118 Astronaut Ellison S Onizuka Street 401 Sold | $770,000 | 1 | 1 | 1,007 | $765 | 0.3 mi |
F 100 S Alameda Street 353 Sold | $625,000 | 3 | 2 | 1,176 | $531 | 0.6 mi |
G 253 S Broadway 201 Active | $635,000 List Price | 1 | 1 | 970 | $655 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
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.
At approximately $842 per month, the association fees are relatively high, especially considering the absence of on-site building amenities.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,040 | 1,006 | 65% |
| Lot Size | 28,826 | 29,414 | 48% |
| Price | $765.0K | $630.0K | 71% |
| Price per sq ft | $736 | $584 | 61% |
| Built year | 1899 | 1985 | 3% |
| HOA | $841.91 | $842 | 50% |
| Days on market | 114 | 221 | 26% |
Feb 12, 2026
$765,000
Initial Listing
Sep 6, 2022
$762,000
Public Record
Jul 28, 2017
$750,000
Public Record
Jul 15, 2009
$430,000
Public Record
Jun 30, 2005
$410,500
Public Record