460 S Spring Street 205, Los Angeles, California 90013, Los Angeles, 90013 - 0 bed, 1 bath
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Los Angeles, California 90013
This Historic Rowan Building Loft is a Move-In Ready Sanctuary listed at $425,000, representing a premium lifestyle opportunity in the heart of the Historic Core. While the $360,331 Fair Market Value reflects the studio's compact scale, the property boasts a Condition Rating of 3 and a rare oversized private patio overlooking Spring Street Park. Owners benefit from substantial Mills Act Tax Savings, which significantly lower long-term carrying costs. Featuring 12-foot ceilings and designer finishes, this unit is perfect for urban professionals or pied-à-terre seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 460 S Spring Street 205 Subject | $425,000* List Price | 0 | 1 | 450 | $801 | - |
A 312 W 5th Street 626 Sold | $355,000 | 1 | 1 | 520 | $683 | 0.1 mi |
B 400 S Broadway 1702 Sold | $425,000 | 0 | 1 | 492 | $864 | 0.1 mi |
C 400 S Broadway 917 Sold | $400,000 | 0 | 1 | 599 | $668 | 0.1 mi |
D 460 S Spring Active | $390,000 List Price | 0 | 1 | 470 | $830 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This property is in move-in ready condition with high-quality, modern finishes throughout. The designer kitchen features stainless steel appliances and contemporary cabinetry, while the bathroom is updated with sharp charcoal tiling and a modern vanity. Although the building dates to 1912, the unit reflects a well-maintained loft conversion with 12-foot ceilings, wood flooring, and updated systems that meet current standards without the need for immediate renovation.
As a designated Mills Act building, owners benefit from substantial property tax savings, significantly lowering the annual cost of ownership for this historic property.
The unit features an oversized private patio, a highly coveted and rare amenity for loft living in the Historic Core that provides a unique indoor-outdoor lifestyle.
Soaring 12-foot ceilings and floor-to-ceiling windows create an expansive, airy feel that maximizes natural light and highlights the building's 1912 heritage.
At only 450 square feet, the compact studio layout may be too restrictive for buyers seeking a primary residence with more functional living space.
The $722 monthly association fee is relatively high for a unit of this size, which may impact overall affordability and investment yield.
Very rare loft space in the Rowan Building. Oversized private outdoor patio, with floor to ceiling windows and double french doors. Live among the treetops in the middle of the Historic Core in Downtown LA, overlooking the Spring Street Park. Step onto your own huge private patio in your robe with a coffee in hand before heading to work, or entertain in style in the warm summer evenings! This stellar pied-a-terre or studio home is flooded with natural light and has soaring 12 ft ceilings, wood floors, sharp, refined finishes and a charcoal tiled bathroom, and designer kitchen. Building amenities include 24-hr front desk and reception / guard, hot and cold plunge pools, enchanting outdoor dining / BBQ area. Mills Act buiding with substantial property tax savings. Situated among Downtown LA's best restaurants, boutiques, coffee shops, cafe's, and art galleries!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 15% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 450 | 1,110 | 4% |
| Lot Size | 30,796 | 33,543.5 | 50% |
| Price | $425.0K | $642.5K | 27% |
| Price per sq ft | $944 | $600 | 96% |
| Built year | 1912 | 1923 | 12% |
| HOA | $722.0 | $730 | 50% |
| Days on market | 35 | 234 | 4% |
Mar 18, 2026
$425,000
Initial Listing
Dec 28, 2017
$510,000
Public Record
May 5, 2009
$284,000
Public Record