460 S Spring, Los Angeles, California 90013, Los Angeles, 90013 - 0 bed, 1 bath
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Los Angeles, California 90013
This Historic Rowan Building Studio Loft represents a premier lifestyle opportunity, listed at $390,000—a price reflecting its high-demand location near its $378,611 Fair Market Value. Maintaining a Condition Rating of 3, the interior showcases 15-foot ceilings, restored mahogany windows, and city views. The property’s standout financial benefit is the Mills Act Tax Savings, which offers substantial property tax reductions for owners. With luxury amenities including dual Jacuzzis and a designer lounge, this move-in ready sanctuary is perfectly suited for urban professionals or pied-à-terre seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 460 S Spring Subject | $390,000* List Price | 0 | 1 | 470 | $806 | - |
A 312 W 5th Street 626 Sold | $355,000 | 1 | 1 | 520 | $683 | 0.1 mi |
B 400 S Broadway 1702 Sold | $425,000 | 0 | 1 | 492 | $864 | 0.1 mi |
C 460 S Spring Street 205 Active | $425,000 List Price | 0 | 1 | 450 | $944 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a move-in ready studio loft in a well-maintained historic building. It features modern interior finishes including stainless steel appliances, contemporary hardwood floors, and updated kitchen and bathroom cabinetry with subway tile backsplashes. The unit preserves historic elements like 15-foot ceilings and restored mahogany window frames while providing updated systems and premium building amenities, fitting the criteria for a property renovated within the last 15 years.
The property qualifies for the Mills Act, offering significant property tax reductions that provide long-term financial benefits for the owner.
The unit features impressive 15-foot ceilings and restored original mahogany window frames, preserving the authentic 1912 character of the Rowan Building.
Ideally situated at 5th and Spring, the property boasts a high walkability score with immediate access to Spring Street Park, dining, and nightlife.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 470, other record living area = 10450.
With only 470 square feet of living space, the studio layout may feel restrictive for those requiring separate living and sleeping quarters or ample storage.
The association fee of approximately $679 per month is relatively high for a studio unit, which may impact the debt-to-income ratio for some buyers.
Beautiful 8th-floor studio loft located in the highly desirable Rowan Building in Downtown LA’s Historic Core. Ideally situated at 5th and Spring, just steps from restaurants, shopping, entertainment, and next to Spring Street Park. Unit features include 15-foot ceilings, hardwood floors throughout, stainless steel appliances, and restored original mahogany window frames. The Rowan offers premium amenities including a professionally designed lobby and resident lounge by Dodd Mitchell, plus an outdoor garden area with two Jacuzzis, BBQ grills, lounge seating, dining tables, and dog relief area. Property qualifies for Mills Act tax savings, offering reduced property taxes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 15% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 470 | 1,110 | 4% |
| Lot Size | 30,796 | 33,543.5 | 50% |
| Price | $390.0K | $642.5K | 19% |
| Price per sq ft | $830 | $600 | 96% |
| Built year | 1912 | 1923 | 12% |
| HOA | $678.83 | $714 | 42% |
| Days on market | 71 | 234 | 4% |
Feb 10, 2026
$390,000
Initial Listing