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315 E 8th Street 801, Los Angeles, California 90014, Los Angeles, 90014 - 2 bed, 2 bath

315 E 8th Street 801, Los Angeles, California 90014 home-pic-0
ACTIVE$829,999
315 E 8th Street 801, Los Angeles, California 90014
2Beds
2Baths
1,370Sqft
7,341Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Mills Act Property Tax Savings: The property is listed under the Mills Act, offering homeowners generous and transferable savings on property taxes, significantly reducing ownership costs.
Top Cons:
High Monthly Association Fees: The association fee of $921.0 is substantial and represents a significant recurring monthly expense for homeowners.

Compared to the nearby listings

Price:$830.0K vs avg $412.0K (+$417,999)78%
Size:1,370 sqft vs avg 810 sqft78%
Price/sqft:$606 vs avg $53567%

More Insights

Built in 1925 (100 years old).
Condition: This industrial loft, built in 1925, has undergone an extensive and stylish modern renovation, making it move-in ready. The polished concrete floors, exposed ductwork, and large steel casement windows are characteristic of a well-executed industrial conversion. The kitchen features modern stainless steel appliances and a functional, minimalist design that perfectly complements the loft aesthetic. Both bathrooms are updated with contemporary fixtures, clean tiling, and industrial-style vanities, appearing well-maintained. While the renovation is clearly significant and modern, the kitchen's utilitarian design and the overall aesthetic, while excellent for its style, suggest a renovation that falls comfortably within the 5-15 year timeframe rather than being 'virtually new' in every component, aligning with a 'Good' condition score.
Year Built
1925
Close
-
List price
$830K
Original List price
$840K
Price/Sqft
$606
HOA
$921
Days on market
-
Sold On
-
MLS number
25566577
Home ConditionGood
Features
Good View: City Lights, Mountain(s)
ViewCity Lights,Mountain(s)

About this home

Perched high on the 8th floor, the industrial corner loft strikes a captivating balance between historical charm and modern functionality. The airy and sunbathed New York-style loft boasts tall gallery walls, high ceilings, exposed concrete columns and polished concrete floors. Wow factor! 2 walls of original oversized steel casement windows rendering mountain views and spectacular sunsets. The spacious semi-open floor plan features 1 enclosed bedroom. The kitchen is large. 2 full bathrooms with each having a soaking tub. Washer/dryer combo in unit. Bonus! A large walk-in closet. Rare! A dedicated subterranean parking space within the complex PLUS a storage unit in the basement. As part of the unique urban community of Santee Village, amenities to complement your lifestyle, whether you desire to unwind or entertain, include the following: Rooftop with 360 degree views of Los Angeles, sun deck, BBQ grills, gym, rooftop basketball court, driving range, rooftop pool and spa.Within walking distance to award winning restaurants, museums and the best coffee shops. Across the street from the Netflix featured Sonoratown. Conveniently, within a block of Jason's Wine & Spirits, Broken Mouth, Starbucks, a yoga studio, art galleries, a food hall and a dry cleaner. A stone's throw away to the Metro Station, L.A. Live, Crytpo Arena and freeways. In the heart of all the action, but yet, quiet and peaceful in the loft, making this home a unique urban sanctuary. Listed on the National Register of Historic Places, the Textile Building is a former factory building, boutique, 12-story, 69-unit Gothic Revival Landmark overlooking the Fashion District in Downtown L.A. Listed under the Mills Act - earning homeowners generous savings on property taxes. The Mills Act automatically transfers to the new homeowner.

Price History

Date
Event
Price
03/02/07
Sold
$675,000
Condition Rating
Good
This industrial loft, built in 1925, has undergone an extensive and stylish modern renovation, making it move-in ready. The polished concrete floors, exposed ductwork, and large steel casement windows are characteristic of a well-executed industrial conversion. The kitchen features modern stainless steel appliances and a functional, minimalist design that perfectly complements the loft aesthetic. Both bathrooms are updated with contemporary fixtures, clean tiling, and industrial-style vanities, appearing well-maintained. While the renovation is clearly significant and modern, the kitchen's utilitarian design and the overall aesthetic, while excellent for its style, suggest a renovation that falls comfortably within the 5-15 year timeframe rather than being 'virtually new' in every component, aligning with a 'Good' condition score.
Pros & Cons

Pros

Mills Act Property Tax Savings: The property is listed under the Mills Act, offering homeowners generous and transferable savings on property taxes, significantly reducing ownership costs.
Exceptional Building Amenities: Santee Village boasts an impressive array of amenities including a rooftop with 360-degree views, sun deck, BBQ grills, gym, rooftop basketball court, driving range, rooftop pool, and spa.
Prime Downtown LA Location: Situated in the heart of Downtown LA, the loft offers unparalleled walkability to award-winning restaurants, museums, coffee shops, Metro Station, L.A. Live, and Crypto Arena.
Unique Historic & Industrial Charm: As a Gothic Revival Landmark on the National Register of Historic Places, the loft features historical charm with modern industrial aesthetics like high ceilings, exposed concrete, and oversized steel casement windows.
Valuable Inclusions & Views: The unit includes a rare dedicated subterranean parking space, a separate storage unit, an in-unit washer/dryer combo, and offers mountain views and spectacular sunsets from its 8th-floor corner position.

Cons

High Monthly Association Fees: The association fee of $921.0 is substantial and represents a significant recurring monthly expense for homeowners.
Semi-Open Bedroom Configuration: Despite being listed as 2 beds, the description notes only '1 enclosed bedroom,' implying the second sleeping area may be an open loft space or den, which could lack privacy for some buyers.
Potential Lack of Central Air Conditioning: The description highlights 'airy and sunbathed' features but does not mention central air conditioning, which is common in older industrial conversions and could be a drawback during warmer months.

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