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
Property Price
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
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
| 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 | 26% |
| Lot Size | 30,796 | 36,291 | 43% |
| Price | $549.0K | $610.0K | 48% |
| Price per sq ft | $678 | $605 | 78% |
| Built year | 1912 | 1923 | 13% |
| HOA | $897.57 | $784 | 83% |
| Days on market | 46 | 211 | 4% |
Pricing History
Listed for Sale
Jan 19, 2026
$549,000
Initial Listing
Sold
Mar 27, 2009
$369,500
Public Record

























