460 S Spring Street 810, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 1 bath
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460 S Spring Street 810
Los Angeles, California 90013
ACTIVE
CONDITION: GOOD
1Beds
1Baths
810Sq Ft
30,796Lot Size
Property Price
LIST PRICE$395,000
EST. MARKET VALUE
$400,910
SUMMARY
This historic loft at The Rowan represents a Strong Value Opportunity, listed at $395,000—positioned well below the $400,910 Fair Market Value by 1%. This valuation gap offers $5,910 in Instant Equity. Featuring soaring ceilings, exposed brick, and a Condition Rating of 3, this move-in ready residence offers a unique urban lifestyle. With Mills Act tax benefits and prime DTLA walkability, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking historic character.
Estimated Market Value
$400,910
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 810 Subject 1 bd · 1 ba · 810 sqft · $495 | $395,000* List Price | 1 | 1 | 810 | $495 | - |
A 460 S Spring Street 1013 Sold 2 bd · 2 ba · 860 sqft · $512 · 0.0 mi | $440,206 | 2 | 2 | 860 | $512 | 0.0 mi |
B 400 S Broadway 1314 Sold 1 bd · 1 ba · 903 sqft · $537 · 0.1 mi | $485,000 | 1 | 1 | 903 | $537 | 0.1 mi |
C 312 W 5th Sold 1 bd · 1 ba · 650 sqft · $462 · 0.1 mi | $300,000 | 1 | 1 | 650 | $462 | 0.1 mi |
D 312 W 5th Street 719 Sold 1 bd · 1 ba · 650 sqft · $554 · 0.1 mi | $360,000 | 1 | 1 | 650 | $554 | 0.1 mi |
E 460 S Spring Active 1 bd · 1 ba · 720 sqft · $499 · 0.0 mi | $359,000 List Price | 1 | 1 | 720 | $499 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
This historic loft conversion (circa 2008) is well-maintained and move-in ready. The kitchen features functional stainless steel appliances and modern cabinetry, and the unit includes updated systems like central HVAC and in-unit laundry. While the renovation is approximately 15-18 years old, the interior finishes remain in high-quality condition.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Benefits
As a designated Mills Act historic property, this residence offers owners the potential for substantial annual property tax savings, significantly enhancing long-term affordability.
- Authentic Loft Character
The unit features sought-after historic details including soaring ceilings, original exposed brick, and oversized industrial windows that provide exceptional natural light and urban views.
- Prime DTLA Walkability
Located in the heart of the Historic Core, the property boasts a high walkscore with immediate access to Grand Central Market, Metro stations, and top-tier dining and nightlife.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The monthly association fee of approximately $896 is relatively high for a one-bedroom unit, which may impact the debt-to-income ratio for some buyers.
- Significant Value Depreciation
The property is currently listed at $395,000, which is nearly 30% lower than its 2017 sale price of $557,000, indicating recent market volatility in the Downtown condo sector.
About 460 S Spring Street 810
Welcome to Residence 810 at The Rowan, an iconic Mills Act building in the heart of Downtown LA's Historic Core. This bright, serene home pairs historic character with modern loft living, featuring soaring ceilings, exposed brick, and oversized industrial windows that fill the space with natural light.The flexible layout includes a dedicated primary bedroom, central heating and air conditioning, in-unit laundry, and a spacious bathroom with a deep soaking tub and shower. Residents enjoy a restored historic lobby, 24-hour front desk and security, controlled access, a lounge, garden courtyards, plunge pools, BBQ areas, and bike storage. Gated covered parking is also available. As a Mills Act property, the home may offer substantial annual property-tax savings.Set amid Downtown LA's evolving Historic Core, Residence 810 offers a walkable urban lifestyle surrounded by new residents, creative businesses, restaurants, cultural destinations, and renewed investment in the neighborhood's historic architecture. Grand Central Market, The Last Bookstore, Little Tokyo, Gallery Row, Metro access, rooftop bars, coffee shops, nightlife, live music, and the weekly DTLA Farmers Market are all nearbyplacing you at the crossroads of old Los Angeles and its next chapter.
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
- $895.89 / 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 | 810 | 1,252.996 |
| Lot Size | 30,796 | 26,029.603 |
| Price | $395.0K | $778.5K |
| Price per sq ft | $488 | $629 |
| Built year | 1912 | 1981 |
| HOA | $895.89 | $676 |
| Days on market | 19 | 74 |
Pricing History
Listed for Sale
Oct 21, 2026
$395,000
Initial Listing
Sold
Apr 20, 2017
$557,000
Public Record
Sold
May 2, 2011
$320,000
Public Record