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
Property Price
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
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
John Adams Middle School
Grades 6-8 • 1.8 mi
Santee Education Complex
Grades 9-12 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 0.5 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 782 | 796 | 50% |
| Lot Size | 38,319 | 27,122.5 | 50% |
| Price | $374.9K | $374.9K | 50% |
| Price per sq ft | $479 | $518 | 50% |
| Built year | 1922 | 1922 | 50% |
| HOA | $903.73 | $879 | 50% |
| Days on market | 126 | 167 | 33% |
Pricing History
Listed for Sale
Oct 31, 2025
$374,900
Initial Listing
Sold
Sep 19, 2011
$150,000
Public Record




























