460 S Spring Street 1015, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

460 S Spring Street 1015
Los Angeles, California 90013
Property Price
SUMMARY
Analysis of 460 S Spring Street 1015, Los Angeles, California 90013 is currently available with a list price of $499,000. 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 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.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Mills Act Tax Savings
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.
- Authentic Architectural Character
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.
- Compelling Value Proposition
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.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- High Monthly Carrying Costs
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.
- Urban Noise and Density
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.
About 460 S Spring Street 1015
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1912
- Lot Size
- 30,796 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $834.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| 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 | 43% |
| Lot Size | 30,796 | 36,291 | 43% |
| Price | $499.0K | $610.0K | 39% |
| Price per sq ft | $527 | $595 | 35% |
| Built year | 1912 | 1923 | 13% |
| HOA | $834.0 | $784 | 57% |
| Days on market | 8 | 211 | 4% |
Pricing History
Listed for Sale
Feb 26, 2026
$499,000
Initial Listing
Sold
May 10, 2019
$650,000
Public Record
Sold
Apr 16, 2010
$370,000
Public Record

















































