
Los Angeles, California 90014
This Historic Live/Work Loft represents a Strong Value Opportunity, listed at $499,000—positioned well below the $488,203 Fair Market Value by -2%. Featuring an Excellent Condition Rating, this unit in the iconic Eastern Columbia Building offers 11' ceilings, polished concrete floors, and a Kelly Wearstler-designed bathroom. Residents benefit from the Mills Act tax savings and premium amenities like a rooftop pool and EV-ready parking. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 849 S Broadway 203 Subject 1 bd · 1 ba · 940 sqft · $519 | $499,000* List Price | 1 | 1 | 940 | $519 | - |
A 746 S Los Angeles Street 1001 Sold 0 bd · 1 ba · 872 sqft · $510 · 0.3 mi | $445,000 | 0 | 1 | 872 | $510 | 0.3 mi |
B 849 S Broadway 403 Active 1 bd · 1 ba · 940 sqft · $559 · 0.0 mi | $525,000 List Price | 1 | 1 | 940 | $559 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The historic 1930 loft features a well-maintained modern condo conversion renovation. The open-concept kitchen with stainless steel appliances, Kelly Wearstler designed bathroom, polished concrete floors, and central HVAC are all fully functional, clean, and move-in ready.
The property qualifies for the coveted Mills Act, providing owners with a significant reduction of nearly 70% in property taxes, offering substantial long-term financial savings.
Situated in the landmark Eastern Columbia Building, the loft features 11-foot ceilings, polished concrete floors, and high-end Kelly Wearstler-designed finishes that blend historic charm with modern luxury.
Residents enjoy a boutique-style rooftop pool, gym, and 24/7 reception, along with the rare urban convenience of a dedicated parking space equipped with a private EV charger.
The association fee of $1,355 per month is relatively high for a 940-square-foot one-bedroom unit, which may impact the overall monthly carrying costs for some buyers.
Located on the second floor overlooking Broadway, the unit may be subject to higher levels of street-level noise and reduced privacy compared to higher-floor residences in the building.
Situated in the iconic Eastern Columbia Building is this well maintained live/work loft that melds urban living with historic charm. The landmark building benefits from the coveted Mills Act which provides owners with nearly 70% off property taxes. The 1bed/1bath 940sf loft features an ideal floorplan that caters to creative needs. Upon entering, you're immediately greeted by polished concrete floors, tall 11' ceilings, and views of Broadway towards the Orpheum Building and tree lined streets. Restored iron windows open to rare Art Deco terracotta planter boxes unique to this floor. The open plan kitchen features Italian cabinetry, natural stone counters, all stainless steel appliances and kitchen island for effortless entertaining. Behind a custom removable wall is a nicely separated bedroom area with plenty of room for a workspace. There is a large closet, and in the Kelly Wearstler designed bathroom is an oversized soaking tub and laundry closet equipped with hookups ready to go. Central heat and AC, custom window coverings, and 1 assigned parking space with dedicated EV charger complete this perfect city loft. HOA dues include water, trash, gas, parking, 24/7 reception desk and an abundance of fabulous amenities such as a boutique-style rooftop pool, hot tub, gym, garden courtyard, lobby, bonus community laundry room, dog area. There are additional rentable storage and parking options. Within a few blocks you'll find the best of DTLA, such as United Artists Theater, Grand Central Market, The Broad, Apple Flagship Store, The Conrad, Proper Hotel, Orpheum, Hoxton Hotel, Whole Foods, Walt Disney Concert Hall, IL Caffe, upcoming Erewhon Market, Fashion District, FIDM, The Bloc, Spring Arcade, and more.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 940 | 1,252.996 |
| Lot Size | 22,851 | 26,029.603 |
| Price | $499.0K | $778.5K |
| Price per sq ft | $531 | $629 |
| Built year | 1930 | 1981 |
| HOA | $1355.0 | $676 |
| Days on market | 46 | 74 |
Sep 24, 2026
$499,000
Initial Listing
Apr 21, 2023
$555,000
Public Record
Nov 24, 2010
$273,000
Public Record
Jan 30, 2007
$424,500
Public Record