746 S Los Angeles Street 403, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath
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Los Angeles, California 90014
This Historic Industrial Loft is a Prime Investment Opportunity, listed at $349,900—positioned well below the $359,682 Fair Market Value by 2%. This valuation gap provides $9,782 in Instant Equity. Boasting a Condition Rating of 3, the turnkey residence features wall-to-wall windows, a massive kitchen island, and access to resort-style amenities including a rooftop pool and spa. With substantial Mills Act tax savings and short-term rental eligibility near top-rated schools like Ninth Street School, this property is an ideal acquisition for urban professionals or high-yield investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 746 S Los Angeles Street 403 Subject | $349,900* List Price | 1 | 1 | 782 | $447 | - |
A 746 S Los Angeles Street 707 Sold | $365,000 | 0 | 1 | 656 | $556 | 0.0 mi |
B 215 W 7th Street 902 Sold | $300,000 | 0 | 1 | 780 | $385 | 0.2 mi |
C 215 W 7th Street 602 Active | $300,000 List Price | 1 | 1 | 780 | $385 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This property is a well-maintained industrial loft that is move-in ready. While the building is historic (built in 1922), the unit features modern renovations typical of a mid-2000s conversion. The kitchen is equipped with functional stainless steel appliances, contemporary cabinetry, and a large island. The bathroom is updated with a modern vanity and clean subway tiling. The polished concrete floors and exposed ductwork are in good condition with minimal wear, and the overall aesthetic meets current market standards for urban loft living without the need for immediate renovation.
As a designated historic building under the Mills Act, owners receive a 60-70% reduction in annual property taxes, providing significant long-term financial savings.
The property offers an extensive amenity package including a rooftop pool, three spas, a fitness center, basketball court, and 24-hour security, rare for downtown loft living.
The building is Fannie Mae and VA approved and allows for short-term rentals, making it a versatile option for both traditional buyers and savvy investors.
The association fee of $957.65 is substantial and may impact the monthly affordability and overall budget for price-sensitive buyers.
Assigned parking is located in a separate garage (Maple Avenue) rather than within the building, requiring a shuttle service which may be inconvenient for daily commuting.
New Price! Priced to Sell! Own a piece of Los Angeles history and enjoy substantial annual savings. Under the coveted Mills Act, homeowners in this historic building receive approximately 60-70% off annual property taxes, freeing up funds each year for other homeownership goals. Set within the historic Cornell Building in DTLA's vibrant Santee Village and Fashion District, this sophisticated 1-bedroom, 1-bathroom industrial loft blends timeless architectural character with modern comfort. Wall-to-wall windows and an expansive open floor plan create an inviting space. The massive kitchen island is perfect for cooking, entertaining, or working from home, while the in-unit washer and dryer add everyday convenience. Enjoy resort-style amenities including a rooftop pool, three spas, basketball court, putting green, BBQ area, luxury fitness center, and even a street-level convenience market. The building also features 24-hour live security, secure code/fob access, and gated assigned parking in the secured Maple Avenue Garage with a convenient shuttle service to the front of the building included in the HOA fee. A 6' x 9' storage unit is available to rent for additional space (dependent on availability). Perfectly positioned near DTLA's best restaurants, bars, boutiques, and entertainment venues, this home offers a rare combination of historic charm, luxury amenities, and unbeatable value. The building is Fannie Mae and VA approved! The HOA covers water, gas, sewer, trash, parking, and 24-hour security. Short term rentals allowed! A truly unique opportunity to own in one of Downtown LA's most celebrated Mills Act buildings where architectural history meets modern, resort-style living.
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 | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 782 | 1,243 |
| Lot Size | 38,319 | 24,016 |
| Price | $349.9K | $805.6K |
| Price per sq ft | $447 | $659 |
| Built year | 1922 | 1981 |
| HOA | $957.65 | $684 |
| Days on market | 104 | 71 |
Apr 9, 2026
$349,900
Initial Listing
Sep 19, 2011
$150,000
Public Record