
Los Angeles, California 90028
This Turnkey Penthouse Loft represents a Strong Value Opportunity, listed at $950,000—positioned above the $875,565 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating with high-end modern renovations and historic Mills Act Tax Benefits, which significantly offset long-term ownership costs. Residents enjoy a luxury lifestyle with panoramic city views, a rooftop deck, and full-service concierge amenities. This residence is an ideal acquisition for Urban Professionals or Owner-Occupants seeking a sophisticated, maintenance-free lifestyle in the heart of Hollywood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6253 Hollywood Boulevard 1202 Subject | $950,000* List Price | 2 | 2 | 1,305 | $671 | - |
A 1645 N Vine Street 611 Sold | $1,095,000 | 2 | 2 | 1,800 | $608 | 0.1 mi |
B 1645 Vine Street 409 Sold | $875,000 | 1 | 1 | 1,570 | $557 | 0.1 mi |
C 1846 Grace Avenue Sold | $888,000 | 1 | 1 | 940 | $945 | 0.4 mi |
D 6001 Carlton Way 303 Sold | $764,000 | 2 | 2 | 1,180 | $647 | 0.4 mi |
E 6001 Carlton Way 105 Sold | $705,000 | 2 | 2 | 1,150 | $613 | 0.4 mi |
F 6253 Hollywood Boulevard 402 Active | $775,000 List Price | 2 | 2 | 1,305 | $594 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although the building is a historic 1929 structure, the interior has undergone a high-end modern renovation. The unit features mint-condition finishes, contemporary bathroom tiling and fixtures, and pristine white-boxed living spaces that appear to have been updated within the last 5 years, requiring no maintenance.
The property qualifies for the Mills Act, providing significant property tax savings for owners, which is a major financial incentive for a historic Los Angeles residence.
As a top-floor unit, this loft offers soaring ceilings, oversized windows, and panoramic views of the Hollywood Hills and city lights, creating a bright and spacious living environment.
The iconic Hollywood & Vine building provides premium services including 24-hour security, concierge, and a rooftop deck, ensuring a high-end urban lifestyle.
The monthly HOA fee of $1,337.84 is relatively high, which may impact the overall affordability and debt-to-income ratio for potential buyers.
Situated in the heart of Hollywood's entertainment district, the property is subject to significant noise, foot traffic, and congestion, which may not appeal to those seeking a quiet residential setting.
Hollywood & Vine Penthouse Loft with Mills Act Tax Savings! Penthouse residence in the iconic Hollywood & Vine building offering Mills Act property tax benefits. This top-floor 2-bedroom, 2-bath loft features soaring ceilings, oversized windows, and an open-concept layout with abundant natural light and city views. Flexible floor plan suited for living, entertaining, or workspace needs. The Mills Act designation provides potential property tax savings for qualified owners. Full-service building amenities include 24-hour security, controlled access, concierge services, and a rooftop deck with panoramic views. Residents benefit from secure parking, elevator access, and a professionally managed building. Located in the heart of Hollywood, moments from dining, entertainment, the W Hotel, Pantages Theatre, and Metro access. Ideal for those seeking an urban lifestyle with convenience, historic character, and long-term tax advantages.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,305 | 1,243 |
| Lot Size | 12,604 | 24,016 |
| Price | $950.0K | $805.6K |
| Price per sq ft | $728 | $659 |
| Built year | 1929 | 1981 |
| HOA | $1337.84 | $684 |
| Days on market | 11 | 71 |
Jul 11, 2026
$950,000
Initial Listing
Sep 10, 2009
$628,000
Public Record