416 S Spring Street 905, Los Angeles, California 90013, Los Angeles, 90013 - 2 bed, 2 bath

416 S Spring Street 905
Los Angeles, California 90013
Property Price
SUMMARY
Analysis of 416 S Spring Street 905, Los Angeles, California 90013 is currently available with a list price of $645,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1914, the property has undergone an extensive and careful restoration, offering all modern comforts. The kitchen features sleek, contemporary cabinets, black countertops, and high-end Bosch appliances, appearing virtually new. Bathrooms are also fully updated with modern vanities, fixtures, and tiling. Hardwood floors are in excellent condition, and the unit includes a modern stacked Bosch washer and dryer. The overall aesthetic and components meet current quality standards, indicating a recent, high-quality renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Significance & Architectural Charm
The property is located in The El Dorado, a meticulously restored Beaux-Arts style building from 1914, listed on the National Register of Historic Places, and boasts a unique history including a connection to Charlie Chaplin.
- Significant Property Tax Savings
Benefits from the Mills Act, offering considerable property tax savings, which is a substantial financial advantage for the buyer.
- Prime Downtown LA Location & Walkability
Exceptional walkability to major DTLA attractions including Grand Central Market, top restaurants, bars, venues, and the theatre district, offering a vibrant urban lifestyle.
CONSRISKS & DEFICIENCIES
- High Association Fee
The monthly association fee of $1016.0 is substantial and will add significantly to the overall cost of ownership, potentially impacting affordability and buyer interest.
- Historic Building Considerations
While beautifully restored, the 1914 construction year of the building may entail specific maintenance requirements or limitations associated with historic properties, which could lead to unforeseen costs or regulations.
- Recent Price Reduction
The property has undergone a recent price reduction from $695,000 to $645,000, which could signal initial overpricing or a longer time on market, potentially raising questions for prospective buyers.
About 416 S Spring Street 905
Built in 1914 as the Stowell Hotel, and once home to the actor Charlie Chaplin, The El Dorado has a storied history and is listed on the National Register of Historic Places. The El Dorado carefully restored and retains the stunning Beaux-Arts style exterior while offering all the modern comforts of today in your loft. The Mills Act also offers a considerable property tax savings. Two bedrooms and two bathrooms with walk in closet, city views from your own PRIVATE BALCONY, a warm living room with an open kitchen design perfect for entertaining. Bosch appliances throughout and a washer and dryer included inside your unit. The primary bedroom features en-suite bathroom and spacious walk-in closet. Dine Al Fresco while taking in the city views or have a lovely dinner at the many restaurants in DTLA. The residents enjoy 24 controlled access to the building and a front lobby security officer. Walk to everything as you are just minutes from the famed Grand Central Market, top restaurants, bars and venues, the theatre district, museums and more. The Stowaway Bar has been refinished in its original locale in the building's basement, formerly a speakeasy during the 1920's! Two parking spaces are leased to the unit in perpetuity in the 24hr/7 day secured covered parking at cost. Details provided. A must see.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1914
- Lot Size
- 10,337 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1016.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 70% |
| Baths | 2.0 | 1.0 | 61% |
| Square foot | 1,100 | 1,100 | 50% |
| Lot Size | 10,337 | 36,291 | 22% |
| Price | $645.0K | $645.0K | 50% |
| Price per sq ft | $586 | $595 | 48% |
| Built year | 1914 | 1923 | 22% |
| HOA | $1016.0 | $784 | 91% |
| Days on market | 53 | 211 | 4% |
Pricing History
Listed for Sale
Feb 11, 2026
$645,000
$695,000
-7% Price Drop
Initial Listing
Price Change
Jan 12, 2026
$695,000
Initial Listing
Sold
Aug 25, 2011
$445,000
Public Record


















