
Los Angeles, California 90014
This Luxury Penthouse Residence is a Strong Value Opportunity, listed at $1,350,000—positioned well below the $1,366,200 Fair Market Value by 1%. This valuation gap offers $16,200 in Instant Equity. Featuring a Mint Condition Rating, this home offers 25-foot ceilings, panoramic city views, and dual private terraces. With the added Mills Act tax benefits and resort-style amenities, this property is an ideal sanctuary for Urban Professionals or Sophisticated Owner-Occupants seeking a move-in ready, historic downtown retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 746 S Los Angeles Subject | $1,400,000* List Price | 2 | 3 | 1,760 | $774 | - |
A 849 S Broadway 708 Active | $1,050,000 List Price | 1 | 2 | 1,540 | $682 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although the building dates to 1922, this penthouse features a high-end modern conversion with mint-condition finishes. The gourmet kitchen includes high-end appliances and elegant cabinetry, while the spa-inspired bathrooms and systems appear updated and well-maintained. The property shows as a luxury, move-in ready residence with no visible maintenance needs.
This penthouse features a rare combination of a large first-floor terrace and a second private terrace off the primary suite, offering exceptional indoor-outdoor living that is highly coveted in Downtown Los Angeles.
The property’s Mills Act designation provides significant property tax savings for the owner, offering a substantial financial advantage while preserving a piece of Los Angeles history.
With soaring 25-foot ceilings and oversized windows, the residence offers an impressive sense of volume and dramatic panoramic views of the city skyline and surrounding mountains.
The monthly association fee of $1,282 is relatively high, which may impact the overall affordability and appeal for budget-conscious buyers despite the extensive building amenities.
The local public schools serving the area have modest ratings, ranging from 3 to 5, which may be a drawback for families prioritizing high-performing educational districts.
Experience unparalleled Downtown Los Angeles living in this extraordinary penthouse residence at the historic Cornell Building in Santee Village. A rare combination of historic charm, modern luxury, and expansive indoor-outdoor living, this one-of-a-kind home offers a truly unique urban retreat. Step inside to an impressive open-concept living space featuring soaring 25-foot ceilings, dramatic architectural details, and an abundance of natural light streaming through oversized windows showcasing breathtaking panoramic views of the Los Angeles skyline and surrounding mountains. The beautifully designed gourmet kitchen features high-end appliances, elegant cabinetry, and generous counter space, creating the perfect setting for entertaining or enjoying everyday living. The centerpiece of this remarkable residence is the expansive private first-floor terrace — an exceptional outdoor space rarely found in Downtown Los Angeles. Whether hosting gatherings under the California sun, enjoying evening city lights, or simply taking in the skyline views, this incredible terrace creates an unforgettable backdrop for every occasion. Upstairs, the private full-floor primary suite offers a peaceful escape with a spa-inspired ensuite bathroom and a second private terrace. Enjoy your morning coffee with sunrise views or create your own outdoor sanctuary with space for yoga, meditation, or a private fitness retreat. An additional spacious bedroom with an ensuite bathroom and terrace access provides flexibility for guests, a home office, or creative studio space. This exceptional penthouse also includes two deeded parking spaces, direct elevator access, and the added benefit of Mills Act designation, offering potential property tax savings while owning a piece of Los Angeles history. Rich in character, the Cornell Building preserves its original architectural details while offering modern amenities through the Santee Village community, including a rooftop pool, hot tubs, fitness center, basketball court, batting and golf cage, resident lounge areas, and additional spaces designed for relaxation and entertaining. Ideally located at the crossroads of the Historic Core and Fashion District, this residence places you moments from some of Downtown LA’s best dining, nightlife, shopping, entertainment, and cultural destinations. A truly rare opportunity to own one of the most distinctive residences in the city — where history, luxury, and urban living come together.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,760 | 1,219.385 |
| Lot Size | 38,319 | 27,236.074 |
| Price | $1.40M | $800.2K |
| Price per sq ft | $795 | $650 |
| Built year | 1922 | 1979 |
| HOA | $1282.0 | $685 |
| Days on market | 37 | 72 |
Sep 7, 2026
$1,400,000
$1,350,000
+4% Price Increase
Initial Listing
Aug 3, 2026
$1,350,000
Initial Listing