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746 S Los Angeles Street 304, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath

746 S Los Angeles Street 304, Los Angeles, California 90014 home-pic-0
ACTIVE$449,000
746 S Los Angeles Street 304, Los Angeles, California 90014
1Bed
1Bath
960Sqft
38,319Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Mills Act Tax Savings: The property benefits from the highly sought-after 'Mills Act' designation, providing up to 70% off its annual property taxes, a significant financial advantage.
Top Cons:
Off-Site Parking: Parking is located a short block away in the Maple St Garage, requiring a walk or shuttle, which may be less convenient than on-site parking.

Compared to the nearby listings

Price:$449.0K vs avg $412.0K (+$37,000)67%
Size:960 sqft vs avg 810 sqft67%
Price/sqft:$468 vs avg $51233%

More Insights

Built in 1922 (103 years old).
Condition: Despite the building's 1922 construction, this loft unit has undergone an extensive and high-quality modern renovation. The kitchen features European flat panel cabinets, a gas range, smoked glass backsplash, and a Bosch stainless steel appliance package, all appearing new or virtually new. The bathroom is clean and well-maintained with a soaking tub and a modern Bosch stacked washer/dryer. The unit boasts central HVAC, original concrete floors in excellent condition, and modern lighting, indicating a comprehensive update that meets current quality standards with no deferred maintenance. The overall aesthetic is contemporary and move-in ready.
Year Built
1922
Close
-
List price
$449K
Original List price
$449K
Price/Sqft
$468
HOA
$985
Days on market
-
Sold On
-
MLS number
25527045
Home ConditionExcellent
Features
Good View: None
Deck
Pool
Spa
View-

About this home

Large Live/Work "MILLS ACT" Loft in DTLA's Iconic Cornell Building, proudly sitting in the midst of The Fashion Districts "Santee Village". Unlike many of the other Cornell Lofts, unit #304 is significantly larger boasting just under 1,000sfof wide open downtown loft living, featuring11' high ceilings, original concrete floors, custom closets, wall of floor-to-ceiling original factory windows making this downtown loft bright and airy without baking in the summer sun. This loft is perfect for a small showroom/office or work space. A large bathroom with soaking tub. The Cornell is approved and receives the highly sought after "Mills Act" providing up to 70% off it's annual property tax savings. This space offers an impressive kitchen with gas range, European flat panel cabinets, smoked glass backsplash, Bosch stainless steel appliance package, Central HVAC, in unit washer/dryer and parking (located just a short block away via walk/shuttle in the Maple St Garage). Renowned rooftop amenity package includes: pool/spa/hot tub sundeck, basketball court, driving range, rooftop fire pit lounge and BBQ area. Stop the gym membership and workout in Santee Village's large, complete fitness center and enjoy the complexes popular "Santee Village Market" for a quick convenient store run. Keep the car parked while enjoying everything DTLA has to offer, public transportation, shopping, bars and restaurants. From The Row to The Crypt and everything in between!

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.5mi
4/10
John Adams Middle School
Public,•6-8•1.8mi
5/10
Santee Education Complex
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.2mi

Price History

Date
Event
Price
03/29/22
Sold
$485,000
Condition Rating
Excellent
Despite the building's 1922 construction, this loft unit has undergone an extensive and high-quality modern renovation. The kitchen features European flat panel cabinets, a gas range, smoked glass backsplash, and a Bosch stainless steel appliance package, all appearing new or virtually new. The bathroom is clean and well-maintained with a soaking tub and a modern Bosch stacked washer/dryer. The unit boasts central HVAC, original concrete floors in excellent condition, and modern lighting, indicating a comprehensive update that meets current quality standards with no deferred maintenance. The overall aesthetic is contemporary and move-in ready.
Pros & Cons

Pros

Mills Act Tax Savings: The property benefits from the highly sought-after 'Mills Act' designation, providing up to 70% off its annual property taxes, a significant financial advantage.
Spacious & Authentic Loft Design: This unit is significantly larger than other lofts in the building (nearly 1,000 sqft) featuring 11' high ceilings, original concrete floors, and floor-to-ceiling factory windows, offering an expansive and authentic loft experience.
Modern Interior Amenities: Equipped with an impressive kitchen featuring a gas range, European flat panel cabinets, Bosch stainless steel appliances, central HVAC, and in-unit washer/dryer for contemporary comfort.
Extensive Building Amenities: Residents enjoy a renowned rooftop amenity package including a pool, spa, basketball court, driving range, fire pit lounge, BBQ area, and a large, complete fitness center.
Prime Live/Work DTLA Location: Located in the vibrant Fashion District's Santee Village, offering excellent walkability to public transportation, shopping, dining, and the flexibility of live/work zoning.

Cons

Off-Site Parking: Parking is located a short block away in the Maple St Garage, requiring a walk or shuttle, which may be less convenient than on-site parking.
High Monthly Association Fee: The property carries a substantial monthly association fee of $985.0, which significantly adds to the overall cost of ownership.
Urban Environment Challenges: While offering vibrant city life, the downtown location may entail considerations such as urban noise, density, and potentially limited private outdoor space.

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