416 S Spring Street 1210, Los Angeles, California 90013, Los Angeles, 90013 - 0 bed, 1 bath
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Los Angeles, California 90013
This Historic Penthouse Residence is listed at $495,000, offering a sophisticated urban lifestyle in the heart of Downtown Los Angeles. Positioned at its $455,677 Fair Market Value, the home’s primary financial draw is its Mills Act Qualification, which offers significant property tax savings to offset monthly ownership costs. Maintaining a Good Condition Rating, the interior showcases soaring double-height ceilings, oversized windows, and City Lights views. This move-in-ready sanctuary is a premier choice for urban professionals or owner-occupants prioritizing architectural character and long-term tax efficiency.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 S Spring Street 1210 Subject | $495,000* List Price | 0 | 1 | 780 | $584 | - |
A 460 S Spring Street 813 Sold | $450,000 | 1 | 2 | 860 | $523 | 0.1 mi |
B 530 S Hewitt Street 154 Sold | $635,000 | 1 | 1 | 970 | $655 | 0.9 mi |
C 420 S San Pedro Street 309 Sold | $400,000 | 0 | 1 | 870 | $460 | 0.4 mi |
D 420 S San Pedro Street 422 Sold | $355,000 | 0 | 1 | 750 | $473 | 0.4 mi |
E 312 W 5th Street 705 Sold | $355,000 | 1 | 1 | 670 | $530 | 0.2 mi |
F 312 W 5th Street 626 Sold | $355,000 | 1 | 1 | 520 | $683 | 0.2 mi |
G 460 S Spring Street 1211 Active | $529,000 List Price | 1 | 1 | 810 | $653 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This penthouse unit is move-in ready and has been extensively renovated to offer a sleek, modern interior within a historic 1914 building. The kitchen features contemporary wood cabinetry and stainless steel appliances, while the bathroom is updated with modern vanities, subway tile, and glass partitions. The presence of high-end Bosch in-unit laundry and updated laminate flooring throughout indicates well-maintained systems. While the renovation is high-quality and contemporary, the specific styles and appliance models suggest the updates were likely completed within the 5 to 15-year range rather than being brand new, placing it firmly in the 'good' category.
The property is Mills Act qualified, offering owners a substantial property tax reduction that significantly lowers the long-term cost of ownership for this historic residence.
As a top-floor penthouse, the unit features soaring double-height ceilings and oversized windows that create a dramatic, airy atmosphere with exceptional natural light and city views.
The home blends historic charm with modern convenience, featuring an open-concept layout, updated laminate flooring, and the highly desirable inclusion of an in-unit washer and dryer.
The monthly HOA fee of $875 is relatively high for a 780-square-foot unit, which may impact buyer affordability and overall monthly carrying costs.
Built in 1914, the property may lack certain modern infrastructure or amenities found in newer developments, and its historic status can sometimes impose restrictions on specific renovations.
PENTHOUSE unit! Discover urban living at its finest in the heart of Downtown Los Angeles! This sleek and modern unit offers a thoughtfully designed space with an open layout, perfect for your city lifestyle. Perched at the top of the building, this exceptional penthouse showcases soaring ceilings that immediately set it apart from the rest. Expansive, double-height living areas create an airy, dramatic atmosphere, allowing natural light to pour in through oversized windows and enhancing the sense of scale throughout the home. Featuring beautiful laminate floors throughout, this home provides both style and functionality. The unit boasts a spacious, contemporary living area with large windows that pour in natural light, creating a bright and inviting atmosphere. The full bathroom is finished with modern touches, designed with relaxation in mind. A convenient washer and dryer are in-unit, making laundry day a breeze. For additional convenience, the building also offers a common laundry area. Nestled in the historic Spring Street corridor, this exceptional condo offers the ideal balance of comfort and vibrant city living. Don't miss the opportunity to own an incredible piece of Downtown LA! Best of all, this property qualifies for the Mills Act. The Mills Act allows owners to receive a potential property tax reduction that will help offset the costs of ownership.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 15% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 780 | 1,110 | 23% |
| Lot Size | 10,337 | 33,543.5 | 23% |
| Price | $495.0K | $642.5K | 31% |
| Price per sq ft | $635 | $600 | 65% |
| Built year | 1914 | 1923 | 19% |
| HOA | $875.0 | $761 | 77% |
| Days on market | 56 | 234 | 4% |
Apr 15, 2026
$495,000
$537,000
-8% Price Drop
Initial Listing
Mar 8, 2026
$537,000
$590,000
-9% Price Drop
Initial Listing
Feb 25, 2026
$590,000
Initial Listing
Oct 10, 2017
$500,000
Public Record
Mar 31, 2011
$360,000
Public Record