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460 S Spring Street 1008, Los Angeles, California 90013, Los Angeles, 90013 - bed, 1 bath

460 S Spring Street 1008, Los Angeles, California 90013 home-pic-0
ACTIVE$385,000$510/sqft
460 S Spring Street 1008, Los Angeles, California 90013
0Bed
1Bath
510Sqft
30,796Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Tax Savings: As a Mills Act building, owners benefit from up to 70% annual property tax savings, offering substantial long-term financial advantage.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-04-25. The sold price is $355,000.00.

Compared to the nearby listings

Price:$385.0K vs avg $540.0K ($-155,000)24%
Size:510 sqft vs avg 1,031 sqft14%
Price/sqft:$755 vs avg $55190%

More Insights

Built in 1912 (114 years old).
Condition: Despite the 1912 build year, this studio loft has undergone a comprehensive and high-quality renovation. The kitchen features designer Scavolini cabinets, granite countertops, and modern stainless steel Bosch appliances, all in pristine condition. The bathroom is equally updated with modern fixtures, a deep soaking tub, and contemporary tiling. Hardwood floors are immaculate throughout, and the unit includes central HVAC and an in-unit Bosch washer/dryer. All components appear new or virtually new, reflecting current quality standards with no deferred maintenance.
Year Built
1912
Close
-
List price
$385K
Original List price
$385K
Price/Sqft
$755
HOA
$697
Days on market
-
Sold On
-
MLS number
26637847
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s)
Spa
ViewCity Lights,Mountain(s)

About this home

This sun-filled 10th-floor studio loft in the historic Rowan Building puts you right in the heart of DTLA. This serene, well-maintained unit features an exposed-brick wall of huge windows, soaring 10-foot ceilings and hardwood floors. As a legally-designated LIVE/WORK space, you'll enjoy unparalleled night-into-day flexibility thanks to a custom-designed storage system with integrated Murphy Bed that effortlessly folds up and away, allowing you to quickly transform the space from a cozy home into a professional work space. The designer Scavolini kitchen features stainless appliances, a granite countertop, and good storage. There's central heat and air-conditioning, and an in-unit stacked Bosch clothing washer and dryer. The bathroom features a deep soaking tub and shower. The Rowan is a Mills Act building which gives owners up to 70% annual property tax savings. Residents also enjoy a grand, beautifully restored lobby and hallways, 24/7 front desk and reception (rare in DTLA), controlled building and common-area access, a well-maintained 2nd floor WIFI-enabled lounge, outdoor gardens, plunge pools and BBQ grills. Gated, covered parking and bike storage available. Grand Central Market, Spring Street Dog Park, Metro, Gallery Row, Little Tokyo, and tons of live-music venues are all just blocks away.

A
Avery Carroll
Listing Agent

Price History

Date
Event
Price
04/25/25
Sold
$355,000
05/31/23
Sold
$422,000
01/17/12
Sold
$255,000
Condition Rating
Excellent
Despite the 1912 build year, this studio loft has undergone a comprehensive and high-quality renovation. The kitchen features designer Scavolini cabinets, granite countertops, and modern stainless steel Bosch appliances, all in pristine condition. The bathroom is equally updated with modern fixtures, a deep soaking tub, and contemporary tiling. Hardwood floors are immaculate throughout, and the unit includes central HVAC and an in-unit Bosch washer/dryer. All components appear new or virtually new, reflecting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Significant Tax Savings: As a Mills Act building, owners benefit from up to 70% annual property tax savings, offering substantial long-term financial advantage.
Premier DTLA Location & Accessibility: Situated in the heart of Downtown LA, offering unparalleled walkability to cultural landmarks, dining, entertainment, and public transit (Metro).
Extensive Luxury Building Amenities: The Rowan provides a 24/7 front desk, beautifully restored common areas, a WIFI-enabled lounge, outdoor gardens, plunge pools, BBQ grills, and available gated parking.
Flexible Live/Work Space with Smart Design: Legally designated live/work unit featuring a custom Murphy Bed and integrated storage, maximizing functionality and adaptability for diverse lifestyles.
Historic Character with Modern Comforts: A sun-filled 10th-floor loft in a historic building, boasting exposed brick, high ceilings, and hardwood floors, complemented by a designer kitchen, central HVAC, and in-unit laundry.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-04-25. The sold price is $355,000.00.
Compact Studio Footprint: At 510 sqft, the studio layout inherently offers limited dedicated living space and privacy, which may not suit all buyer needs.
High Monthly Association Fees: The $697 monthly association fee is substantial for a studio unit, potentially impacting affordability and overall cost of ownership.
Urban Environment Drawbacks: While central, the DTLA location can entail exposure to urban noise, traffic, and congestion, which might be a consideration for those seeking a quieter residential setting.
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