
Los Angeles, California 90013
This Historic Loft Residence at The Rowan represents a Strong Value Opportunity, listed at $439,000—positioned slightly above the $426,739 Fair Market Value. While the price reflects current market stability, the property offers significant long-term financial upside through Mills Act Tax Benefits. Featuring a Condition Rating of 3, this move-in ready unit showcases soaring ceilings, exposed brick, and industrial windows. Its prime location in the Historic Core provides an authentic, walkable urban lifestyle. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, tax-advantaged DTLA asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 460 S Spring Street 810 Subject | $439,000* List Price | 1 | 1 | 810 | $512 | - |
A 460 S Spring Street 1013 Sold | $440,206 | 2 | 2 | 860 | $512 | 0.0 mi |
B 312 W 5th Street 719 Sold | $360,000 | 1 | 1 | 650 | $554 | 0.1 mi |
C 312 W 5th Street 606 Active | $409,000 List Price | 1 | 1 | 800 | $511 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1912, the unit features a high-quality modern loft conversion (approx. 15 years old) that remains well-maintained and move-in ready. The kitchen and baths feature contemporary finishes like subway tile and flat-panel cabinetry, and the unit includes updated systems such as central HVAC and in-unit laundry.
As a designated Mills Act property, owners can benefit from substantial annual property tax savings, significantly enhancing the long-term financial appeal of the investment.
The residence features sought-after loft aesthetics, including soaring ceilings, original exposed brick, and oversized industrial windows that provide abundant natural light.
Boasting a high walkability score, the property is situated at the epicenter of DTLA’s revival, steps away from Grand Central Market, Metro access, and top-tier dining.
The monthly HOA fee of nearly $896 is relatively high for an 810-square-foot unit, which may impact the overall affordability and debt-to-income ratio for some buyers.
Gated parking is listed as 'additionally available' rather than included, which often implies an extra monthly cost or separate arrangement in a dense urban environment.
Welcome to 460 S Spring Street #810 at The Rowan, an iconic Mills Act building in the heart of Downtown LA's Historic Core. This bright and peaceful residence blends timeless architectural character with modern loft living, featuring soaring ceilings, exposed brick walls, and oversized industrial windows that fill the space with natural light. The flexible layout includes a dedicated primary bedroom, central heat and air, in-unit laundry, and a spacious bathroom with a deep soaking tub and shower. The Rowan offers a beautifully restored historic lobby, 24-hour front desk and security, controlled access, a resident lounge, garden courtyards, plunge pools, BBQ areas, bike storage, and additionally available gated covered parking. As a Mills Act property, owners may also benefit from substantial annual property-tax savings. Positioned at the center of Downtown Los Angeles' continued revival, Unit 810 offers an opportunity to be part of a neighborhood being re-energized by new residents, creative businesses, restaurants, cultural destinations, and renewed investment in its historic architecture. The Historic Core continues to evolve while preserving the distinctive character that makes it one of LA's most compelling urban neighborhoods. Grand Central Market, The Last Bookstore, Little Tokyo, Gallery Row, Metro access, rooftop bars, coffee shops, nightlife, live music venues, and the weekly DTLA Farmers Market are all nearby-- Offering an authentic, walkable lifestyle at the crossroads of old Los Angeles and its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 810 | 1,219.385 |
| Lot Size | 30,796 | 27,236.074 |
| Price | $439.0K | $800.2K |
| Price per sq ft | $542 | $650 |
| Built year | 1912 | 1979 |
| HOA | $895.89 | $685 |
| Days on market | 48 | 72 |
Jul 23, 2026
$439,000
Initial Listing
Apr 20, 2017
$557,000
Public Record
May 2, 2011
$320,000
Public Record