460 S Spring Street 1211, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath

460 S Spring Street 1211, Los Angeles, California 90013 home-pic-0

460 S Spring Street 1211

Los Angeles, California 90013

ACTIVE
CONDITION: GOOD
1Beds
1Baths
810Sq Ft
30,796Lot Size

Property Price

LIST PRICE$549,000

SUMMARY

Analysis of 460 S Spring Street 1211, Los Angeles, California 90013 is currently available with a list price of $549,000. 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

Good
TeardownExcellent

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.

PROSSTRENGTHS & OPPORTUNITIES

  • Mills Act Tax Savings

    The property is under the Mills Act, offering the owner significant property tax savings, which is a major financial advantage for historic DTLA residences.

  • Premium Top-Floor Corner Unit

    Being a top-floor corner unit provides 12-foot ceilings, enhanced privacy, and superior natural light with cross-ventilation that interior units lack.

  • Historic Architectural Character

    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.

CONSRISKS & DEFICIENCIES

  • High Monthly HOA Fees

    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.

  • Urban Noise and Density

    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.

About 460 S Spring Street 1211

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.

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
$897.57 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.01.0
50%
Baths1.01.0
50%
Square foot8101,080
26%
Lot Size30,79636,291
43%
Price$549.0K$610.0K
48%
Price per sq ft$678$605
78%
Built year19121923
13%
HOA$897.57$784
83%
Days on market46211
4%

Pricing History

Listed for Sale

Jan 19, 2026

$549,000

Initial Listing

Sold

Mar 27, 2009

$369,500

Public Record

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