
Los Angeles, California 90013
This historic condominium represents a Strong Value Opportunity, listed at a List Price of $588,888—positioned well below the $613,024 Fair Market Value by 4%. This valuation gap offers $24,136 in Instant Equity for the buyer. Featuring a Good Condition Rating and Mills Act Tax Savings, the residence blends 1914 architectural character with modern 2010 updates. With its expansive 1,200 sqft floor plan and private balcony with Bunker Hill views, this property is ideal for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 S Spring Street 205 Subject | $568,000* List Price | 1 | 2 | 1,200 | $443 | - |
A 460 S Spring Street 1013 Sold | $440,206 | 2 | 2 | 860 | $512 | 0.1 mi |
B 400 S Broadway 1314 Sold | $485,000 | 1 | 1 | 903 | $537 | 0.1 mi |
C 416 S Spring Street 905 Active | $634,900 List Price | 2 | 2 | 1,100 | $577 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a major renovation in 2010 (14 years ago), which falls within the 5-15 year renovation window for a 'Good' rating. The interior features a modern kitchen with stainless steel appliances, updated bathrooms, and functional systems like recessed lighting and wall-mounted HVAC units, making it well-maintained and move-in ready.
The property is designated under the Mills Act, providing the owner with significant property tax savings, which greatly enhances the long-term financial appeal of this historic investment.
Originally built in 1914 and modernized in 2010, the residence features soaring ceilings, a private balcony with Bunker Hill views, and a contemporary kitchen, perfectly blending architectural heritage with urban sophistication.
At 1,200 square feet, this unit offers an exceptionally large open floor plan for a one-bedroom residence, providing a versatile layout and a sense of scale rarely found in downtown condominiums.
The monthly HOA fee of $1,068 is substantial and may be a deterrent for budget-conscious buyers or those looking to maximize their monthly mortgage qualification.
Despite the generous square footage, the one-bedroom layout may limit the property's appeal to a smaller buyer demographic, such as individuals or couples, rather than those needing multi-room functionality.
In the heart of Downtown Los Angeles, a magnificent 1 bedroom, 2 bathroom condominium awaits. Located within a historic building originally constructed in 1914 by Nathan Wilson Stowell and designed by Frederick Noonan, this remarkable residence blends timeless architectural character with modern updates completed by Downtown Properties in 2010. Designated under the Mills Act, the property offers the opportunity for significant property tax savings. Inside, an expansive open floor plan showcases fine flooring, soaring ceilings with fire sprinklers, recessed lighting, and abundant storage throughout. The beautifully appointed kitchen features sleek countertops, elegant cabinetry, and stainless steel appliances, creating a stylish and functional space for everyday living and entertaining. The spacious living area extends seamlessly to a private balcony overlooking the iconic high rise skyline of Bunker Hill, offering the perfect setting to relax and take in the vibrant cityscape. The generous primary bedroom serves as a private retreat, complete with an en suite bathroom and a walk in closet. A separate laundry area adds everyday convenience and functionality. Ideally situated in the heart of Downtown Los Angeles, this exceptional residence places world class dining, shopping, entertainment, museums, and cultural attractions just moments away. Experience the perfect blend of historic charm, modern sophistication, and one of the city's most sought after urban lifestyles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,200 | 1,219.385 |
| Lot Size | 10,334 | 27,236.074 |
| Price | $568.0K | $800.2K |
| Price per sq ft | $473 | $650 |
| Built year | 1914 | 1979 |
| HOA | $1068.0 | $685 |
| Days on market | 42 | 72 |
Aug 28, 2026
$568,000
$588,888
-4% Price Drop
Initial Listing
Jul 29, 2026
$588,888
Initial Listing
Oct 17, 2011
$414,000
Public Record