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460 S Spring Street 813, Los Angeles, California 90013, Los Angeles, 90013 - 1 bed, 2 bath

460 S Spring Street 813, Los Angeles, California 90013 home-pic-0
ACTIVE$474,000$860/sqft
460 S Spring Street 813, Los Angeles, California 90013
1Bed
2Baths
860Sqft
30,796Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Mills Act Tax Savings: The property benefits from a Mills Act designation, offering substantial yearly property tax savings of up to 70%, significantly reducing ownership costs.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.

Compared to the nearby listings

Price:$474.0K vs avg $540.0K ($-66,000)43%
Size:860 sqft vs avg 1,031 sqft38%
Price/sqft:$551 vs avg $55152%

More Insights

Built in 1912 (114 years old).
Condition: Despite being built in 1912, this loft has undergone extensive, high-quality renovations, presenting as virtually new. The kitchen features modern flat-panel cabinetry, quartz countertops, and stainless steel appliances. Both bathrooms are updated with contemporary vanities, fixtures, and tiling. The unit boasts gorgeous hardwood floors throughout, central heat & A/C, in-unit laundry, and smart Phillips Hue lighting. The building itself has a 'beautifully restored lobby and hallways,' indicating a comprehensive upgrade that meets current quality standards with no visible deferred maintenance.
Year Built
1912
Close
-
List price
$474K
Original List price
$474K
Price/Sqft
$551
HOA
$857
Days on market
-
Sold On
-
MLS number
26633377
Home ConditionExcellent
Features
Good View: City Lights, Landmark
Pool
Patio
ViewCity Lights,Landmark

About this home

High style and cool vibes come together in this sunny and serene 1-bedroom, 2-baths DTLA loft in the iconic Rowan Building. This south-facing 8th floor condo has all-day light and skyline views along with dramatic high-ceilings, gorgeous hardwood floors, 6 huge windows, and exposed brick walls. Phillips Hue lighting lets you set the mood, while custom-made floor-to-ceiling blackout velvet curtains give you ultimate privacy. The expansive, spacious layout gives you one ensuite bathroom, and a second full-bath off the oversized living room. The gourmet kitchen features quartz counters, stainless appliances and tons of storage. Central heat & A/C, and in-unit stacked washer/dryer. The building's MILLS ACT designation gives owners substantial yearly property tax savings up to 70%. Residents enjoy a beautifully restored lobby and hallways, 24-hour front desk and reception, controlled building and common-area access, a 2nd floor WIFI-enabled lounge, outdoor gardens, outdoor plunge pools, and BBQ grills. Grand Central Market, Spring Street Dog Park, Metro, Gallery Row, Little Tokyo and tons of live-music venues are all nearby. Parking available for rent.

A
Avery Carroll
Listing Agent

Price History

Date
Event
Price
06/17/22
Sold
$595,000
10/08/10
Sold
$400,000
Condition Rating
Excellent
Despite being built in 1912, this loft has undergone extensive, high-quality renovations, presenting as virtually new. The kitchen features modern flat-panel cabinetry, quartz countertops, and stainless steel appliances. Both bathrooms are updated with contemporary vanities, fixtures, and tiling. The unit boasts gorgeous hardwood floors throughout, central heat & A/C, in-unit laundry, and smart Phillips Hue lighting. The building itself has a 'beautifully restored lobby and hallways,' indicating a comprehensive upgrade that meets current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Mills Act Tax Savings: The property benefits from a Mills Act designation, offering substantial yearly property tax savings of up to 70%, significantly reducing ownership costs.
Prime DTLA Location & Amenities: Situated in the iconic Rowan Building, the location provides unparalleled access to Grand Central Market, Metro, cultural venues, and offers extensive building amenities including a 24-hour front desk, lounge, outdoor gardens, plunge pools, and BBQ grills.
Historic Charm with Modern Upgrades: The loft boasts dramatic high ceilings, hardwood floors, exposed brick walls, and large windows, complemented by a gourmet kitchen with quartz counters and stainless appliances, central heat/A/C, in-unit laundry, and smart lighting.
Spacious 1-Bedroom, 2-Bath Layout: An expansive 860 sqft 1-bedroom unit featuring two full bathrooms (one ensuite), providing exceptional convenience and flexibility for residents and guests.
Abundant Natural Light & Views: Located on the 8th floor and south-facing, the condo receives all-day natural light and offers desirable skyline and city lights views.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
High Association Fees: The monthly association fee of $857.00 is substantial, adding a significant ongoing cost to ownership, despite the property tax savings.
Parking Not Included: Parking is available for rent rather than being included, representing an additional monthly expense and potential inconvenience for residents.
Limited Bedroom Count: As a 1-bedroom unit, its appeal may be limited to single occupants or couples, potentially restricting the buyer pool compared to properties with more bedrooms.
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