746 S Los Angeles Street 403, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath

746 S Los Angeles Street 403, Los Angeles, California 90014 home-pic-0

746 S Los Angeles Street 403

Los Angeles, California 90014

ACTIVE
CONDITION: GOOD
1Beds
1Baths
782Sq Ft
38,319Lot Size

Property Price

LIST PRICE$374,900

SUMMARY

Analysis of 746 S Los Angeles Street 403, Los Angeles, California 90014 is currently available with a list price of $374,900. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

This industrial loft is move-in ready and well-maintained, featuring a modern kitchen with a large island, stainless steel appliances, and contemporary cabinetry. While the building is historic (1922), the residential conversion occurred within the last 20 years, and the unit shows minimal wear with functional systems, high-quality concrete flooring, and updated bathroom fixtures.

PROSSTRENGTHS & OPPORTUNITIES

  • Significant Tax Savings

    The property is under the Mills Act, providing homeowners with a substantial 60-70% reduction in annual property taxes, offering exceptional long-term financial value.

  • Extensive Resort Amenities

    Residents have access to a comprehensive suite of amenities including a rooftop pool, three spas, a luxury fitness center, basketball court, and 24-hour security.

  • Investment Versatility

    With Fannie Mae and VA approval and a policy that allows short-term rentals, this loft is an ideal choice for both primary residents and high-yield investors.

CONSRISKS & DEFICIENCIES

  • High Monthly HOA Fees

    The monthly association fee of $903.73 is relatively high for a one-bedroom unit, which may affect the debt-to-income ratio for some prospective buyers.

  • Inconvenient Parking Logistics

    Assigned parking is located off-site in the Maple Avenue Garage; while a shuttle is provided, the lack of direct on-site parking may be a drawback for daily commuters.

About 746 S Los Angeles Street 403

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.

Property Details

Public Facts

Property Type
Condominium
Year Built
1922
Lot Size
38,319 Sq. Ft.

Interior

Total Bedrooms
1
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$903.73 / Month

Neighborhood Insights

Los Angeles Unified Schools

Ninth Street School

Grades K-5 • 0.5 mi

5/10

John Adams Middle School

Grades 6-8 • 1.8 mi

4/10

Santee Education Complex

Grades 9-12 • 1.1 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.00.5
50%
Baths1.01.0
50%
Square foot782796
50%
Lot Size38,31927,122.5
50%
Price$374.9K$374.9K
50%
Price per sq ft$479$518
50%
Built year19221922
50%
HOA$903.73$879
50%
Days on market126167
33%

Pricing History

Listed for Sale

Oct 31, 2025

$374,900

Initial Listing

Sold

Sep 19, 2011

$150,000

Public Record

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