
Los Angeles, California 90012
This Historic DTLA Loft is a High-Potential Investment Opportunity, listed at $698,000—positioned well above the $604,197 Fair Market Value by 15%. While priced above current estimates, the property features a Good Condition Rating with high-end Poggenpohl and Waterworks finishes. The Mills Act tax benefits significantly enhance long-term affordability, offsetting the higher HOA fees. With its exposed brick, 9ft ceilings, and dramatic city views, this residence offers a unique urban lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium historic asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 257 S Spring Street 2m Subject 1 bd · 1 ba · 1,040 sqft · $582 | $698,000* List Price | 1 | 1 | 1,040 | $582 | - |
A 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 |
B 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 |
C 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 |
D 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 |
E 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 |
F 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 |
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 118 Astronaut Ellison S Onizuka Street 508 Sold 1 bd · 1 ba · 770 sqft · $688 · 0.3 mi | $530,000 | 1 | 1 | 770 | $688 | 0.3 mi |
I 121 S Hope Street 11 Active 1 bd · 1 ba · 1,213 sqft · $515 · 0.4 mi | $625,000 List Price | 1 | 1 | 1,213 | $515 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the adaptive re-use was completed in 2005 (21 years ago), the property is exceptionally well-maintained with high-end Poggenpohl and Waterworks finishes. The recent replacement of the HVAC system and electrical breaker box, combined with the move-in ready condition of the kitchen and baths, elevates this from fair to good.
The property qualifies for the Mills Act, offering the buyer substantial annual property tax savings, which significantly enhances the long-term affordability and investment value of this historic loft.
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 Waterworks bathroom.
Boasting a near-perfect walk score, the residence is steps from Grand Central Market, the Historic Broadway subway station, and major cultural landmarks, offering an unparalleled urban lifestyle.
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 provide traditional residential amenities such as a fitness center, pool, or rooftop lounge, requiring residents to look elsewhere for these services.
The monthly association fee of $841.91 is relatively high, especially considering the absence of on-site recreational facilities or concierge services typically found at this price point.
This STUNNING Downtown Los Angeles (DTLA) corner loft is available for immediate occupancy! It features 9ft tall ceilings, exposed brick, massive operable windows, cross- ventilation, and dramatic views of the world-famous Bradbury Building and the beautiful DTLA skyline. It 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 |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,040 | 1,252.996 |
| Lot Size | 28,826 | 26,029.603 |
| Price | $698.0K | $778.5K |
| Price per sq ft | $671 | $629 |
| Built year | 1899 | 1981 |
| HOA | $841.91 | $676 |
| Days on market | 53 | 74 |
Sep 17, 2026
$698,000
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