416 S Spring Street 905, Los Angeles, California 90013, Los Angeles, 90013 - 2 bed, 2 bath
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416 S Spring Street 905
Los Angeles, California 90013
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,100Sq Ft
10,337Lot Size
Property Price
LIST PRICE$525,000
EST. MARKET VALUE
$525,000
SUMMARY
This Historic Beaux-Arts Loft is a Strong Value Opportunity, listed at a List Price of $634,500, which aligns with its $634,500 Fair Market Value. Featuring a Condition Rating of 2, the unit is fully restored with Bosch appliances and a private balcony offering City Lights views. The property qualifies for the Mills Act, providing significant property tax savings. Its prime DTLA location offers unmatched walkability to cultural landmarks. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking historic prestige and modern luxury.
Estimated Market Value
$525,000
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 S Spring Street 905 Subject 2 bd · 2 ba · 1,100 sqft · $477 | $525,000* List Price | 2 | 2 | 1,100 | $477 | - |
A 400 S Broadway 1314 Sold 1 bd · 1 ba · 903 sqft · $537 · 0.1 mi | $485,000 | 1 | 1 | 903 | $537 | 0.1 mi |
B 460 S Spring Street 1013 Sold 2 bd · 2 ba · 860 sqft · $512 · 0.1 mi | $440,206 | 2 | 2 | 860 | $512 | 0.1 mi |
C 530 S Hewitt Street 224 Sold 1 bd · 1 ba · 1,100 sqft · $595 · 0.9 mi | $655,000 | 1 | 1 | 1,100 | $595 | 0.9 mi |
D 460 S Spring Street 1110 Active 1 bd · 1 ba · 900 sqft · $488 · 0.1 mi | $439,000 List Price | 1 | 1 | 900 | $488 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although the building is a historic 1914 structure, the unit has been fully restored with modern systems and high-end finishes. It features a contemporary open kitchen with Bosch appliances, updated bathrooms, and is in mint, move-in ready condition with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act & Historic Prestige
As a designated historic landmark on the National Register, the property qualifies for the Mills Act, providing owners with substantial annual property tax savings while offering the prestige of living in a Beaux-Arts building once home to Charlie Chaplin.
- Modern Interior & Private Outdoor Space
The unit seamlessly blends historic charm with modern luxury, featuring high-end Bosch appliances, in-unit laundry, and a rare private balcony that provides desirable outdoor space and city views in an urban setting.
- Prime DTLA Walkability
Located in the heart of the Historic Core, the property offers an exceptional walk score with immediate proximity to Grand Central Market, the Theatre District, and renowned dining and nightlife options.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly association fee of $1,016 is significant, which, when combined with the cost of leased parking, may deter budget-conscious buyers or impact overall financing qualification.
- Extended Days on Market
Having been active for 269 days with multiple price reductions, the property may face a 'stale' listing perception, potentially leading to lower-than-expected offers from buyers questioning its market value.
About 416 S Spring Street 905
$100,000 UNDER MARKET PRICE FOR A MOVE IN READY 2 BED/2BATH CONDO! THERE IS ALSO DOWN PAYMENT ASSISTANCE AVAILABLE! THIS UNIT IS A STEAL! SELLERS HAVE MOVED OUT OF AREA AND ARE READY TO SELL TODAY! HISTORICAL LANDMARK BUILDING WHICH MEANS APPROX. 75% OFF STANDARD CONDO PROPERTY TAXES! 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 unit features 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.
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,100 | 1,252.996 |
| Lot Size | 10,337 | 26,029.603 |
| Price | $525.0K | $778.5K |
| Price per sq ft | $477 | $629 |
| Built year | 1914 | 1981 |
| HOA | $1016.0 | $676 |
| Days on market | 301 | 74 |
Pricing History
Listed for Sale
Oct 22, 2026
$525,000
$634,500
-17% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$634,500
$634,900
+0% Price Increase
Initial Listing
Price Change
Jun 28, 2026
$634,900
$645,000
-2% Price Drop
Initial Listing
Price Change
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