460 S Spring Street 1211, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
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Los Angeles, California 90013
This Historic Top-Floor Loft in the iconic Rowan Building is listed at $549,000, positioned near its $489,448 Fair Market Value when accounting for its premium corner-unit status. The property boasts a Move-in Ready Condition featuring 12-foot ceilings, City Lights views, and high-end 2006 adaptive reuse finishes. A critical financial advantage is the Mills Act Tax Savings, which provides substantial ongoing property tax reductions. This sophisticated architectural asset is an ideal match for Urban Professionals or Owner-Occupants seeking a high-character sanctuary in the heart of the Old Bank District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 460 S Spring Street 1211 Subject | $529,000* List Price | 1 | 1 | 810 | $584 | - |
A 527 Molino Street 217 Sold | $650,000 | 1 | 1 | 910 | $714 | 1.0 mi |
B 530 S Hewitt Street 154 Sold | $635,000 | 1 | 1 | 970 | $655 | 0.9 mi |
C 460 S Spring Street 813 Sold | $450,000 | 1 | 2 | 860 | $523 | - |
D 420 S San Pedro Street 309 Sold | $400,000 | 0 | 1 | 870 | $460 | 0.4 mi |
E 416 S Spring Street 505 Sold | $535,000 | 1 | 2 | 1,080 | $495 | 0.1 mi |
F 400 S Broadway 1012 Sold | $540,000 | 1 | 1 | 907 | $595 | 0.1 mi |
G 416 S Spring Street 1210 Active | $537,000 List Price | 0 | 1 | 780 | $688 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a 2006 adaptive reuse conversion of a historic 1912 building, placing the major renovation within the 10-20 year range. The unit is move-in ready and features high-quality finishes including hardwood flooring, 12-foot ceilings, and a modern kitchen equipped with stainless steel appliances and contemporary cabinetry. The bathroom and living areas appear well-maintained with no visible deferred maintenance, and the building's systems are functional and consistent with the standards of a premium DTLA loft conversion.
The property is under the Mills Act, offering the owner significant property tax savings, which is a major financial advantage for historic DTLA residences.
Being a top-floor corner unit provides 12-foot ceilings, enhanced privacy, and superior natural light with cross-ventilation that interior units lack.
The 1912 Beaux-Arts design of the Rowan Building offers timeless aesthetic appeal, featuring a grand lobby and authentic loft details that command a premium in the market.
The association fee of nearly $900 per month is relatively high for an 810-square-foot unit, which may impact the debt-to-income ratio for some buyers.
Located in the heart of the Old Bank District, the property is subject to the high-intensity noise and congestion typical of a dense downtown urban environment.
The historic Rowan Building Lofts is located at 460 S Spring Street, in the "Old Bank District" of Downtown Los Angeles (DTLA). This incredibly dramatic, top-floor, corner-unit condo offers classic architectural character paired with modern urban-loft style. Originally built in 1912 as one of DTLA's most prestigious office buildings, the Rowan was converted to loft-style residences under the City of Los Angeles' Adaptive Reuse Ordinance in 2006, and is known for its timeless Beaux-Arts design, grand lobby, and rich historic details. This unit features an open, loft-style layout with 12' high ceilings and large windows that flood the space with natural light, creating an inviting and functional living environment ideal for both daily living and entertaining, and has incredible cross-ventilation. Modern conveniences blend seamlessly with the building's historic charm, offering a true DTLA live/work lifestyle. Residents enjoy controlled access, on-site security, and close proximity to some of Downtown's most vibrant destinations, including the Fashion District, Arts District, Little Tokyo, and an array of restaurants, galleries, and nightlife. With easy access to public transportation and major freeways, this is an exceptional opportunity to own a piece of Los Angeles history in one of DTLA's most iconic buildings. Amenities include a second-floor lounge and community space, outdoor garden with jacuzzi and cold plunge, barbecue and seating areas. Residents enjoy 24-hour security, professional management, and significant property tax savings from the MILLS ACT.
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 | 810 | 1,080 | 24% |
| Lot Size | 30,796 | 30,796 | 50% |
| Price | $529.0K | $635.0K | 36% |
| Price per sq ft | $653 | $595 | 76% |
| Built year | 1912 | 1923 | 12% |
| HOA | $897.57 | $739 | 84% |
| Days on market | 93 | 230 | 4% |
Apr 5, 2026
$529,000
$549,000
-4% Price Drop
Initial Listing
Jan 19, 2026
$549,000
Initial Listing
Mar 27, 2009
$369,500
Public Record