460 S Spring 1008, Los Angeles, California 90013, Los Angeles, 90013 - 0 bed, 1 bath
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Los Angeles, California 90013
This Historic Loft Residence is a Strong Value Opportunity, listed at $359,000—positioned above the $345,502 Fair Market Value by 3%. While priced slightly above market, the property features a Condition Rating of 3, offering a move-in ready space with 10-foot ceilings, exposed brick, and oversized industrial windows. The Mills Act designation provides significant long-term tax savings, offsetting the monthly HOA. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an authentic, amenity-rich lifestyle in the heart of DTLA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 460 S Spring 1008 Subject | $359,000* List Price | 0 | 1 | 510 | $677 | - |
A 312 W 5th Street 626 Sold | $355,000 | 1 | 1 | 520 | $683 | 0.1 mi |
B 312 W 5th Street 719 Sold | $360,000 | 1 | 1 | 650 | $554 | 0.1 mi |
C 460 S Spring Active | $390,000 List Price | 0 | 1 | 470 | $830 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1912, the unit reflects a high-quality loft conversion from approximately 15 years ago. It features a modern kitchen with stainless steel appliances, updated central HVAC, in-unit laundry, and contemporary finishes. The property is well-maintained and move-in ready, fitting the 10-20 year age/renovation bracket.
As a designated Mills Act building, owners can benefit from significant property tax savings of up to 70% annually, greatly enhancing the property's long-term affordability and investment value.
The unit features sought-after historic details including 10-foot ceilings, exposed brick, and oversized industrial windows that provide abundant natural light and a classic urban aesthetic.
Situated in the heart of DTLA, the property offers exceptional walkability to Grand Central Market, Little Tokyo, and Metro access, placing residents at the center of the city's best dining and nightlife.
At just 510 square feet, the compact studio layout may feel restrictive for some buyers and limits the property's appeal to those requiring more living space or distinct separation.
The monthly association fee of $645 is relatively high for a unit of this size, which may be a deterrent for budget-conscious buyers despite the offset from property tax savings.
This bright and peaceful 10th-floor loft at the iconic Rowan Building blends historic character with modern Downtown LA living in the heart of the Historic Core. Soaring 10-foot ceilings, exposed brick, and an entire wall of oversized industrial windows fill the space with incredible natural light throughout the day. Designed as a true LIVE/WORK residence, the flexible open layout features a custom Murphy bed and built-in storage system that effortlessly transforms the space from a stylish home into an inspiring workspace. Additional highlights include central heat and air, in-unit laundry, and a spacious bath with a deep soaking tub and shower. The Rowan is a Mills Act building, offering owners potential property tax savings of up to 70% annually. Residents enjoy premium amenities including a restored historic lobby, 24/7 front desk and security, controlled access, resident lounge, garden courtyards, plunge pools, BBQ areas, bike storage, and available gated covered parking. Just moments from Grand Central Market, Little Tokyo, Gallery Row, Metro access, popular restaurants, nightlife, and live music venues, this is authentic DTLA loft living at its best.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 16% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 510 | 1,140 | 5% |
| Lot Size | 30,796 | 30,796 | 50% |
| Price | $359.0K | $635.0K | 16% |
| Price per sq ft | $704 | $554 | 84% |
| Built year | 1912 | 1923 | 16% |
| HOA | $645.0 | $637 | 53% |
| Days on market | 16 | 222 | 5% |
May 21, 2026
$359,000
Initial Listing
Apr 25, 2025
$355,000
Public Record
May 31, 2023
$422,000
Public Record
Jan 17, 2012
$255,000
Public Record