460 S Spring Street 205, Los Angeles, California 90013, Los Angeles, 90013 - 0 bed, 1 bath
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460 S Spring Street 205
Los Angeles, California 90013
ACTIVE
CONDITION: GOOD
0Beds
1Baths
450Sq Ft
30,796Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$360,566
4% AboveMARKET VALUE
SUMMARY
This Historic Loft in the Rowan Building represents a Strong Value Opportunity, listed at $375,000—positioned well below the $360,567 Fair Market Value by -4%. While the price reflects a premium for its unique character, the Mills Act status provides significant long-term tax savings. Featuring an Excellent Condition Rating, 12-foot ceilings, and a rare oversized private patio, this unit offers a sophisticated urban lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-design residence in the heart of Downtown LA.
Estimated Market Value
$360,566
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 |
|---|---|---|---|---|---|---|
★ 460 S Spring Street 205 Subject | $375,000* List Price | 0 | 1 | 450 | $801 | - |
A 460 S Spring 1008 Active | $348,000 List Price | 0 | 1 | 510 | $682 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is a historic 1912 building that underwent a major adaptive reuse conversion approximately 16 years ago. The interior features a designer kitchen with modern appliances, a contemporary charcoal tiled bathroom, and well-maintained wood floors. It is move-in ready and functional, fitting the criteria for a 10-20 year old renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Private Outdoor Living
The unit features a rare, oversized private patio with floor-to-ceiling windows and French doors, offering a unique indoor-outdoor lifestyle that is highly coveted in Downtown LA.
- Mills Act Tax Benefits
Located in a historic Mills Act building, this property offers owners substantial annual property tax savings, significantly enhancing its long-term financial value.
- Architectural Volume
With soaring 12-foot ceilings and a location overlooking Spring Street Park, the loft provides a sense of openness and natural light that makes the space feel much larger than its footprint.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At only 450 square feet, the compact studio layout may be too restrictive for full-time residents or those requiring distinct living and sleeping quarters.
- High Carrying Costs
The monthly association fee of $722 is relatively high for a studio of this size, which may impact the overall affordability and appeal for some investors or first-time buyers.
About 460 S Spring Street 205
Very rare loft space in the Rowan Building. Oversized private outdoor patio, with floor to ceiling windows and double french doors. Live among the treetops in the middle of the Historic Core in Downtown LA, overlooking the Spring Street Park. Step onto your own huge private patio in your robe with a coffee in hand before heading to work, or entertain in style in the warm summer evenings! This stellar pied-a-terre or studio home is flooded with natural light and has soaring 12 ft ceilings, wood floors, sharp, refined finishes and a charcoal tiled bathroom, and designer kitchen. Building amenities include 24-hr front desk and reception / guard, hot and cold plunge pools, enchanting outdoor dining / BBQ area. Mills Act buiding with substantial property tax savings. Situated among Downtown LA's best restaurants, boutiques, coffee shops, cafe's, and art galleries!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1912
- Lot Size
- 30,796 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $722.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 450 | 1,219.385 |
| Lot Size | 30,796 | 27,236.074 |
| Price | $375.0K | $800.2K |
| Price per sq ft | $833 | $650 |
| Built year | 1912 | 1979 |
| HOA | $722.0 | $685 |
| Days on market | 21 | 72 |
Pricing History
Listed for Sale
Aug 19, 2026
$375,000
Initial Listing
Sold
Dec 28, 2017
$510,000
Public Record
Sold
May 5, 2009
$284,000
Public Record