460 S Spring Street 1015, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
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Los Angeles, California 90013
This Historic Industrial Loft is listed at $499,000, representing a stable entry point near its $478,801 Fair Market Value. Boasting a Good Condition Rating, this urban sanctuary features a high-end Scavolini Kitchen, soaring ceilings, and panoramic City Skyline Views. Residents enjoy a landscaped garden and community spa within the Los Angeles Unified School District. A standout benefit is the Mills Act Designation, providing up to 70% in property tax savings. This move-in ready home is an ideal match for Urban Professionals or Owner-Occupants seeking architectural character.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 460 S Spring Street 1015 Subject | $499,000* List Price | 1 | 1 | 946 | $506 | - |
A 530 S Hewitt Street 154 Sold | $635,000 | 1 | 1 | 970 | $655 | 0.9 mi |
B 460 S Spring Street 813 Sold | $450,000 | 1 | 2 | 860 | $523 | - |
C 416 S Spring Street 505 Sold | $535,000 | 1 | 2 | 1,080 | $495 | 0.1 mi |
D 420 S San Pedro Street 309 Sold | $400,000 | 0 | 1 | 870 | $460 | 0.4 mi |
E 312 W 5th Street 218 Sold | $496,000 | 1 | 1 | 1,140 | $435 | 0.1 mi |
F 400 S Broadway 1012 Sold | $540,000 | 1 | 1 | 907 | $595 | 0.1 mi |
G 312 W 5th 907 Active | $420,000 List Price | 1 | 1 | 860 | $488 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and underwent a comprehensive adaptive reuse conversion in 2008-2009, placing its effective age and major systems within the 15-16 year range. The interior features high-end Scavolini cabinetry, stone countertops, and updated designer lighting with unlacquered brass and custom glass. While the building is historic, the conversion included a seismic retrofit and modern infrastructure that remains well-maintained and functional, meeting the criteria for 'good' condition.
The property benefits from the Mills Act, offering owners a substantial property tax reduction of up to 70%, which significantly enhances long-term affordability and investment value.
Located in the coveted Rowan building, this residence features soaring ceilings, original exposed brick, and double-height mahogany-framed windows that provide exceptional natural light and iconic urban views.
Listed at $499,000, the property is priced aggressively compared to its 2019 sale price of $650,000, offering a rare entry point for a high-floor unit in a premier boutique historic building.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 946, other record living area = 820. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
The monthly association fee of $834 is relatively high for a one-bedroom unit, which may impact the overall budget and qualifying ratios for certain buyers.
Positioned in the heart of the Historic Core on Spring Street, the unit is subject to the high activity levels and noise typical of a dense downtown environment.
Exceptionally priced live/work view residence at The Rowan, one of the Historic Core's most coveted boutique buildings. This tenth-floor home pairs authentic industrial character with refined modern design, featuring soaring ceilings, dramatic exposed brick, and double-height mahogany-framed windows that flood the space with natural light and frame iconic views over Spring Street. The open layout offers one enclosed bedroom, a full bath with in-unit laundry, generous built-out closets, and a thoughtfully designed kitchen with Scavolini cabinetry and stone countertops. Living and dining areas flow seamlessly. Designer lighting throughout reflects a blend of industrial and French influence, including custom glass pendants and an elegant bathroom fixture with unlacquered brass detailing. Completed as part of the building's 2008 - 2009 adaptive reuse conversion, the structure underwent a comprehensive seismic retrofit and installation of three elevator systems, marrying historic character with long-term infrastructure performance. Residents enjoy curated amenities including a second-floor lounge and community space, landscaped garden with jacuzzi and cold plunge, and outdoor entertaining areas. The Rowan offers 24-hour security, onsite management, and substantial Mills Act property tax savings (up to 70%), making this an exceptional opportunity for both end users and investors. Ideally positioned in the heart of Downtown Los Angeles, with the city's continued revitalization and infrastructure investment ahead of the 2028 Olympics. Furnishings available for purchase. A rare opportunity to own architectural character, lifestyle, and value at a compelling price point.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 946 | 1,080 | 40% |
| Lot Size | 30,796 | 30,796 | 50% |
| Price | $499.0K | $635.0K | 36% |
| Price per sq ft | $527 | $551 | 44% |
| Built year | 1912 | 1923 | 12% |
| HOA | $834.0 | $739 | 64% |
| Days on market | 55 | 230 | 4% |
Feb 26, 2026
$499,000
Initial Listing
May 10, 2019
$650,000
Public Record
Apr 16, 2010
$370,000
Public Record