460 S Spring, Los Angeles, California 90013, Los Angeles, 90013 - bed, 1 bath
460 S Spring
Los Angeles, California 90013
Property Price
SUMMARY
Analysis of 460 S Spring, Los Angeles, California 90013 is currently available with a list price of $390,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Savings
The property qualifies for the Mills Act, offering significant property tax reductions that provide long-term financial benefits for the owner.
- Historic Architectural Detail
The unit features impressive 15-foot ceilings and restored original mahogany window frames, preserving the authentic 1912 character of the Rowan Building.
- Prime Historic Core Location
Ideally situated at 5th and Spring, the property boasts a high walkability score with immediate access to Spring Street Park, dining, and nightlife.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 470, other record living area = 10450.
- Limited Square Footage
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.
- High Monthly HOA Fees
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.
About 460 S Spring
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1912
- Lot Size
- 30,796 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $678.83 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 1.0 | 22% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 470 | 1,080 | 4% |
| Lot Size | 30,796 | 36,291 | 43% |
| Price | $390.0K | $610.0K | 17% |
| Price per sq ft | $830 | $605 | 91% |
| Built year | 1912 | 1923 | 13% |
| HOA | $678.83 | $689 | 43% |
| Days on market | 24 | 211 | 4% |
Pricing History
Listed for Sale
Feb 10, 2026
$390,000
Initial Listing