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$370,000
EST. MARKET VALUE
$357,066
3% AboveMARKET VALUE
SUMMARY
This Historic Loft in the Rowan Building is a High-Potential Investment Opportunity, listed at $370,000—positioned above the $357,067 Fair Market Value by 3%. While priced slightly above market, the property features a Condition Rating of 3, boasting 12 ft ceilings, designer kitchen, and a private outdoor patio. The Mills Act designation provides significant long-term tax savings, enhancing the asset's financial profile. This unique unit is an ideal acquisition for Buy-and-Hold Investors or urban professionals seeking a refined, move-in ready pied-à-terre in Downtown LA.
Estimated Market Value
$357,066
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 0 bd · 1 ba · 450 sqft · $793 | $370,000* List Price | 0 | 1 | 450 | $793 | - |
A 460 S Spring 1008 Active 0 bd · 1 ba · 510 sqft · $682 | $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.
While located in a historic 1912 building, the loft features a modern conversion with a designer kitchen, stainless steel appliances, pristine hardwood floors, and updated fixtures. The unit is exceptionally well-maintained, functional, and completely move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Private Outdoor Living
The unit features a rare, oversized private patio with floor-to-ceiling windows, offering a unique indoor-outdoor lifestyle that is highly coveted in the Downtown LA Historic Core.
- Mills Act Tax Savings
Located in the historic Rowan Building, this property qualifies for the Mills Act, providing owners with substantial annual property tax savings.
- Architectural Volume
With soaring 12-foot ceilings and refined designer finishes, the loft offers an airy, expansive feel that maximizes its footprint and historic character.
CONSRISKS & DEFICIENCIES
- High HOA Fees
The monthly association fee of $722 is relatively high for a 450-square-foot studio, which may impact the debt-to-income ratio for some buyers.
- Limited Interior Square Footage
At only 450 square feet, the compact living space is strictly suited for a pied-à-terre or single occupant, potentially limiting the pool of interested 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 | 1,252.996 |
| Lot Size | 30,796 | 26,029.603 |
| Price | $370.0K | $778.5K |
| Price per sq ft | $822 | $629 |
| Built year | 1912 | 1981 |
| HOA | $722.0 | $676 |
| Days on market | 82 | 74 |
Pricing History
Listed for Sale
Sep 26, 2026
$370,000
$375,000
-1% Price Drop
Initial Listing
Price Change
Aug 19, 2026
$375,000
Initial Listing
Sold
Dec 28, 2017
$510,000
Public Record
Sold
May 5, 2009
$284,000
Public Record