460 S Spring Street 1217, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
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460 S Spring Street 1217
Los Angeles, California 90013
ACTIVE
CONDITION: GOOD
1Beds
1Baths
830Sq Ft
30,796Lot Size
Property Price
LIST PRICE$519,000
EST. MARKET VALUE
$509,005
SUMMARY
This Historic Loft Residence is a Strong Value Opportunity, listed at $519,000—positioned slightly above the $509,006 Fair Market Value. While the price reflects a premium for its iconic status, the property offers significant long-term financial advantages through its Mills Act designation, providing substantial annual property tax savings. Featuring a Condition Rating of 3, this move-in ready unit boasts 13-foot brick-barreled ceilings and a serene courtyard view. This is an ideal acquisition for Urban Professionals or Owner-Occupants seeking a unique, historic lifestyle in the heart of DTLA.
Estimated Market Value
$509,005
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 460 S Spring Street 1217 Subject | $519,000* List Price | 1 | 1 | 830 | $613 | - |
A 460 S Spring Street 1013 Sold | $440,206 | 2 | 2 | 860 | $512 | 0.0 mi |
B 530 S Hewitt Street 154 Sold | $635,000 | 1 | 1 | 970 | $655 | 1.0 mi |
C 312 W 5th Street 606 Active | $409,000 List Price | 1 | 1 | 800 | $511 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building dates to 1912, the interior reflects a high-quality modern conversion (approx. 15 years old) featuring a cook's kitchen with Italian-designer cabinets, stainless appliances, and central HVAC. The unit is well-maintained and move-in ready with no immediate signs of datedness or repair needs.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Benefits
As a designated Mills Act building, owners receive significant annual property tax savings, providing a substantial long-term financial advantage for homeowners.
- Unique Architectural Privacy
This top-floor unit features rare 13-foot brick-barreled ceilings and has no shared common walls or neighbors above, offering exceptional quiet and historic character.
- Prime Historic Core Location
Boasting a high walkability score, the property is located within blocks of Grand Central Market, the Arts District, and major transit, making it ideal for urban living.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $890 is relatively high for an 830-square-foot one-bedroom unit, which may affect the overall affordability for some buyers.
- Lack of Deeded Parking
The property does not include deeded parking, requiring residents to secure and pay for a separate monthly contract at an adjacent garage.
About 460 S Spring Street 1217
This incredible top-floor loft in the iconic Rowan building is truly 1-of-1. Situated on the 12th floor with a serene courtyard view that offers brilliant morning sunshine and all-day light, this spacious 1-bedroom, 1-bath features dramatic 13-foot brick-barreled ceilings, massive mahogany windows and a sweeping open floor plan that makes living, working, and entertaining feel special. With no shared common walls and no neighbors above, peace and quiet abounds. Historic charm meets modern living with a gorgeous cook's kitchen with stainless appliances, Italian-designer cabinets and good storage. There is central air-conditioning and heating. The large bathroom features a deep soaking tub and an in-closet stacked washer and dryer. Right in the heart of the DTLA Historic Core, the Rowan is a legal LIVE/WORK building, and also a MILLS ACT building which gives owners significant annual property tax savings. Amenities include 24/7 front desk concierge, resident's lounge, outdoor patio with hot/cold plunge pools and BBQ grills, and secured-access to elevators and common areas. The Rowan is within a few short blocks of Grand Central Market, LA Metro, Arts District, Little Tokyo, Whole Foods, a weekly Farmer's Market, The Broad, Last Book Store, tons of coffee shops & dining hot spots! There is an adjacent parking garage that many residents use for a monthly fee.
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
- $890.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 830 | 1,219.385 |
| Lot Size | 30,796 | 27,236.074 |
| Price | $519.0K | $800.2K |
| Price per sq ft | $625 | $650 |
| Built year | 1912 | 1979 |
| HOA | $890.0 | $685 |
| Days on market | 20 | 72 |
Pricing History
Listed for Sale
Aug 20, 2026
$519,000
Initial Listing
Sold
Sep 13, 2013
$460,000
Public Record
Sold
Apr 17, 2012
$372,500
Public Record
Sold
May 15, 2009
$318,000
Public Record