315 E 8th Street 505, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath
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315 E 8th Street 505
Los Angeles, California 90014
ACTIVE
CONDITION: GOOD
1Beds
1Baths
670Sq Ft
7,341Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$366,851
8% AboveMARKET VALUE
SUMMARY
This Textile Building Loft represents a Strong Value Opportunity, listed at $399,000—positioned above the $366,852 Fair Market Value. While priced slightly above market, the property offers significant long-term financial advantages through the Mills Act Tax Savings, which drastically reduce annual property taxes. Featuring a Good Condition Rating and iconic Gothic Revival architecture, this residence includes a rooftop pool, spa, and dedicated parking. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a historic, amenity-rich urban lifestyle in DTLA.
Estimated Market Value
$366,851
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 E 8th Street 505 Subject | $399,000* List Price | 1 | 1 | 670 | $548 | - |
A 746 S Los Angeles Street 1001 Sold | $445,000 | 0 | 1 | 872 | $510 | 0.1 mi |
B 746 S Los Angeles Street 403 Active | $349,900 List Price | 1 | 1 | 782 | $447 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although the building dates to 1925, the unit features a modern loft conversion (approx. 15-20 years old) that is well-maintained and move-in ready. The kitchen is updated with sleek cabinetry and stainless steel appliances, the bathroom features a modern floating vanity, and the visible HVAC ductwork indicates updated systems. It fits the 5-15 year renovation window for a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Benefits
As a certified historic landmark, this property qualifies for the Mills Act, offering the new owner substantial annual property tax savings that significantly lower the cost of ownership.
- Authentic Industrial Character
The loft features iconic Gothic Revival architecture with soaring ceilings, polished concrete floors, and five oversized industrial windows that provide exceptional natural light and DTLA skyline views.
- Comprehensive Amenity Package
Residents benefit from an impressive array of Santee Village amenities, including a rooftop pool and spa, fitness center, basketball court, and the rare urban convenience of a dedicated subterranean parking space.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $743 per month is relatively high for a 670-square-foot unit, which may impact the debt-to-income ratio for some prospective buyers.
- Compact Living Space
With only 670 square feet of interior space, the studio-style loft layout offers limited square footage for those requiring distinct separation between work and living areas or extensive storage.
About 315 E 8th Street 505
A 5th-Floor Loft Where Industrial History Meets Modern Living, A Live/Work Gothic Revival Landmark with Mills Act Tax Savings! Five oversized industrial windows. Soaring ceilings. Polished concrete floors catching the DTLA skyline. This isn't just a loft , it's a piece of Los Angeles history, reimagined as a stunning live/work residence inside the Textile Building: a 12-story, 69-unit Gothic Revival landmark built as a factory and now listed on the National Register of Historic Places. The layout flows from a sleek, minimalist kitchen, clean-line cabinetry, into a generous living and dining space that practically demands entertaining. In-unit washer/dryer and a dedicated subterranean parking space complete the picture. Above it all, Santee Village delivers: rooftop pool and spa, sun deck, basketball court, driving range, fitness center, and BBQ grills. Just down the street enjoy the Apple Store, Whole Foods, Metro, L. A. Live, Crypto Arena, award-winning restaurants, museums, and great coffee. Inside the loft? Light and Views Views Views. The Mills Act advantage: This certified historic property qualifies for one of California's most generous property tax reduction programs and the savings transfer automatically to the new owner at close of escrow.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1925
- Lot Size
- 7,341 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $743.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 670 | 1,219.385 |
| Lot Size | 7,341 | 27,236.074 |
| Price | $399.0K | $800.2K |
| Price per sq ft | $596 | $650 |
| Built year | 1925 | 1979 |
| HOA | $743.0 | $685 |
| Days on market | 16 | 72 |
Pricing History
Listed for Sale
Aug 24, 2026
$399,000
Initial Listing
Sold
Jul 13, 2018
$517,000
Public Record
Sold
Mar 30, 2015
$400,000
Public Record
Sold
Jan 31, 2012
$149,000
Public Record
Sold
Jun 13, 2006
$359,000
Public Record