
Los Angeles, California 90014
This historic loft in the Cornell Building represents a Strong Value Opportunity, listed at $370,000—positioned slightly above the $360,950 Fair Market Value. While not a discount buy, the property offers significant long-term financial advantages through the Mills Act tax program and a proven 14-year rental history. Featuring an Condition Rating of 3, this move-in ready unit includes modern Italian cabinetry, central HVAC, and access to resort-style amenities. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, amenity-rich urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 746 S Los Angeles Street 809 Subject | $370,000* List Price | 0 | 1 | 630 | $573 | - |
A 746 S Los Angeles Street 707 Sold | $365,000 | 0 | 1 | 656 | $556 | 0.0 mi |
B 315 E 8th Street 1004 Active Under Contract | $399,000 List Price | 1 | 1 | 640 | $623 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1922, the unit features a modern adaptive-reuse renovation (approx. 15-17 years old). The kitchen is well-maintained with Italian cabinetry and stainless steel appliances, and the unit includes updated systems like central HVAC and in-unit laundry, making it move-in ready.
The property's participation in the Mills Act provides owners with substantial property tax savings, significantly lowering the overall cost of ownership compared to other DTLA condos.
As part of Santee Village, residents enjoy an exceptional array of amenities including a rooftop pool, spa, basketball court, golf driving range, fitness center, and 24-hour security.
The loft preserves its historic integrity with soaring ceilings, polished concrete floors, and original steel-framed casement windows that flood the space with natural light.
Parking is not located within the Cornell building but in the nearby Maple Street garage, which may be a convenience concern for some buyers.
The association fee of $908.10 is relatively high for a 630-square-foot unit, which may impact the debt-to-income ratio for potential financing.
Experience historic loft living in the iconic Cornell Building at Santee Village, one of Downtown Los Angeles' most established and amenity-rich residential communities. This authentic live/work loft features polished concrete floors, soaring ceilings, and a dramatic wall of original steel-framed casement windows that preserve the building's industrial character while filling the space with natural light.The open floor plan offers flexibility for a variety of lifestyles, complemented by a modern kitchen with stainless steel appliances, gas range, and Italian cabinetry. Additional features include central HVAC, in-unit laundry, and a spacious bathroom with soaking tub.A major benefit of ownership is the Cornell's participation in the Mills Act program, which can provide substantial property tax savings compared to similar condominiums in Downtown Los Angeles.The Cornell is part of Santee Village, a collection of historic residential buildings offering residents access to an impressive array of amenities spread throughout the community, including a rooftop pool and spa, basketball court, golf driving range, fitness center, BBQ areas, dog run, community market, and 24-hour security. Multiple rooftop decks provide sweeping views of the Downtown skyline and surrounding mountains.Ideally located in the heart of the Fashion District, residents enjoy convenient access to Whole Foods, Grand Central Market, the Broadway Theater District, Crypto.com Arena, and acclaimed local favorites including Sonoratown, Poppy + Rose, and Broken Mouth.The property has demonstrated strong rental demand, having remained consistently occupied for approximately fourteen years.Parking is located in the nearby Maple Street garage and is not located within the building.
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 | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 630 | 1,243 |
| Lot Size | 38,308 | 24,016 |
| Price | $370.0K | $805.6K |
| Price per sq ft | $587 | $659 |
| Built year | 1922 | 1981 |
| HOA | $908.1 | $684 |
| Days on market | 30 | 71 |
Jun 22, 2026
$370,000
Initial Listing
Feb 27, 2012
$169,000
Public Record