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 home-pic-0
ACTIVE$695,000$1,100/sqft
416 S Spring Street 905, Los Angeles, California 90013
2Beds
2Baths
1,100Sqft
10,337Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Historic Charm & Modern Renovation: The property boasts a rich history as the former Stowell Hotel, once home to Charlie Chaplin, featuring stunning Beaux-Arts architecture and a restored speakeasy, seamlessly blended with modern comforts and high-end Bosch appliances.
Top Cons:
Substantial Monthly Association Fee: The association fee of $1,016.00 per month is considerably high, adding a significant recurring cost to ownership that potential buyers must factor into their budget.

Compared to the nearby listings

Price:$695.0K vs avg $610.0K (+$85,000)62%
Size:1,100 sqft vs avg 1,080 sqft52%
Price/sqft:$632 vs avg $55167%

More Insights

Built in 1914 (112 years old).
Condition: Despite being built in 1914, this loft has undergone an extensive and high-quality renovation, bringing all interior components to modern standards. The kitchen features sleek cabinetry, black countertops, and new Bosch appliances. Bathrooms are updated with contemporary vanities, subway tile, and modern fixtures. Hardwood floors are in excellent condition throughout, and the unit includes modern mini-split AC units and a stacked Bosch washer/dryer. The building itself is also meticulously restored, offering a blend of historic charm and current luxury.
Year Built
1914
Close
-
List price
$695K
Original List price
$695K
Price/Sqft
$632
HOA
$1,016
Days on market
-
Sold On
-
MLS number
26638345
Home ConditionExcellent
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

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.

T
Tiffany Gatto
Listing Agent

Price History

Date
Event
Price
08/25/11
Sold
$445,000
Condition Rating
Excellent

Despite being built in 1914, this loft has undergone an extensive and high-quality renovation, bringing all interior components to modern standards. The kitchen features sleek cabinetry, black countertops, and new Bosch appliances. Bathrooms are updated with contemporary vanities, subway tile, and modern fixtures. Hardwood floors are in excellent condition throughout, and the unit includes modern mini-split AC units and a stacked Bosch washer/dryer. The building itself is also meticulously restored, offering a blend of historic charm and current luxury.
Pros & Cons

Pros

Historic Charm & Modern Renovation: The property boasts a rich history as the former Stowell Hotel, once home to Charlie Chaplin, featuring stunning Beaux-Arts architecture and a restored speakeasy, seamlessly blended with modern comforts and high-end Bosch appliances.
Significant Property Tax Savings: Benefits from the Mills Act, offering considerable property tax savings, which provides a substantial financial advantage for long-term ownership.
Exceptional Walk Score & DTLA Access: Located in a prime, highly walkable area of Downtown LA, providing immediate access to Grand Central Market, diverse dining, entertainment, cultural venues, and the theatre district.
Guaranteed Leased Parking: Includes two leased parking spaces in a 24/7 secured covered garage, a rare and highly valuable amenity in dense urban Downtown Los Angeles.
Private Balcony with City Views & Security: Features a private balcony offering desirable city views, complemented by 24-hour controlled building access and a front lobby security officer for enhanced peace of mind.

Cons

Substantial Monthly Association Fee: The association fee of $1,016.00 per month is considerably high, adding a significant recurring cost to ownership that potential buyers must factor into their budget.
Age-Related Maintenance Considerations: Despite careful restoration, the building's 1914 construction year may imply potential for ongoing maintenance challenges or special assessments related to common area infrastructure typical of historic properties.
Urban Living Environment: While offering excellent walkability, the dense Downtown LA location inherently comes with urban challenges such as potential noise, high foot traffic, and limited personal green space, which may not appeal to all buyers.
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