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460 S Spring Street 1208, Los Angeles, California 90013, Los Angeles, 90013 - bed, 1 bath

460 S Spring Street 1208, Los Angeles, California 90013 home-pic-0
ACTIVE$399,000
460 S Spring Street 1208, Los Angeles, California 90013
0Bed
1Bath
510Sqft
30,796Lot
Year Built
1912
Close
-
List price
$399K
Original List price
$410K
Price/Sqft
$782
HOA
$645.12
Days on market
-
Sold On
-
MLS number
25497889
Home ConditionExcellent
Features
Good View: City Lights
Spa
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $399.0K(27th), sqft - 510(14th), beds - undefined(32th), baths - 1(50th).

Sleek studio loft located on one of the most vibrant streets in downtown LA. Adjacent to Spring Street Park, the Rowan building was meticulously converted into innovative, urban-style living spaces showcased by original exposed brick walls and oversized Mahogany trimmed windows. This loft features a gourmet kitchen with Scavolini Italian cabinetry, Bosch stainless steel appliances, granite counter tops, TOTO bathroom fixtures and wood flooring. Washer/dryer & refrigerator included. Shared amenities include private security, a residence lounge, private garden and barbecue area, and outdoor seating with hot and cold spas. The Rowan building homeowners enjoy significant property tax savings up to 75% under the MILLS ACT. Minutes away from Metro-Red Line (Pershing Square) and easy access to Fwy: 110, 10, 101 & 5.

Price History

Date
Event
Price
08/12/22
Sold
$425,000
08/16/11
Sold
$5,894,000
Condition Rating
Excellent
Despite being built in 1912, this property has undergone a meticulous and extensive conversion into modern, urban-style living spaces. The description highlights a 'gourmet kitchen with Scavolini Italian cabinetry, Bosch stainless steel appliances, and granite countertops,' which is confirmed by the sleek, contemporary look in the images. The bathroom features 'TOTO fixtures,' indicating high-quality, modern components. Wood flooring throughout and modern light fixtures further enhance the updated aesthetic. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition score for a recently renovated property.
Pros & Cons

Pros

Historic Character & Modern Upgrades: The property offers a unique blend of original exposed brick walls and oversized Mahogany trimmed windows from a 1912 building, meticulously converted with high-end modern finishes including Scavolini Italian cabinetry, Bosch stainless steel appliances, granite countertops, and TOTO bathroom fixtures.
Exceptional Location & Transit Access: Situated on a vibrant street in downtown LA, adjacent to Spring Street Park, with immediate access to the Metro-Red Line (Pershing Square) and major freeways (110, 10, 101 & 5), offering unparalleled urban convenience.
Significant Property Tax Savings: Homeowners in the Rowan building enjoy substantial property tax savings of up to 75% under the MILLS ACT, providing a significant financial benefit.
Premium Interior Finishes & Inclusions: The loft features a gourmet kitchen with high-end appliances, wood flooring, and includes a washer/dryer and refrigerator, offering a move-in ready luxury experience.
Robust Building Amenities: The building provides comprehensive shared amenities such as private security, a residence lounge, private garden, barbecue area, and outdoor seating with hot and cold spas, enhancing the living experience.

Cons

High Monthly Association Fees: The association fee of $645.12 per month is substantial for a 510 sqft studio, adding a significant recurring cost to ownership.
Limited Living Space: At 510 sqft and a studio layout, the property offers limited living space, which may not appeal to buyers seeking more room or a separate bedroom.
Potential for Downtown Noise/Congestion: While described as vibrant, the downtown LA location can come with increased noise levels and urban congestion, which might be a drawback for some residents seeking a quieter environment.

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