849 S Broadway 403, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath
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Los Angeles, California 90014
This Historic Art Deco Loft is a High-Potential Investment Opportunity, listed at $595,000—positioned well below the $621,121 Fair Market Value by 4%. This valuation gap offers $26,121 in Instant Equity, further enhanced by a 65% property tax reduction via the Mills Act. Featuring a Pristine Condition Rating, the unit boasts Waterworks fixtures, custom California Closets, and iconic city views of the Orpheum Theatre. Residents enjoy world-class rooftop amenities including a pool and fitness studio. This landmark property is ideal for Owner-Occupants or Lifestyle Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 849 S Broadway 403 Subject | $595,000* List Price | 1 | 1 | 940 | $661 | - |
A 315 E 8th Street 1106 Sold | $575,000 | 1 | 1 | 890 | $646 | 0.3 mi |
B 215 W 7th Street 1008 Active | $550,000 List Price | 1 | 1 | 860 | $640 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a high-end remodel within a historic landmark, featuring a modern kitchen with Caesarstone countertops and stainless steel appliances. The bathroom has been recently renovated with premium Waterworks fixtures and a new vanity, while the living space boasts polished concrete floors, custom California Closets, and updated light fixtures, all in pristine condition.
The property qualifies for the Mills Act, providing the owner with a substantial property tax savings of approximately 65%, a major financial incentive for historic preservation.
Located in the award-winning Eastern Columbia Building, this Art Deco masterpiece features stunning turquoise terra cotta and gold leaf, offering prestige and unique aesthetic value.
Residents enjoy a world-class rooftop terrace situated under the iconic clock tower, featuring a sky deck, swimming pool, spa, cabanas, and a fully equipped fitness studio.
At $1,354 per month, the association fees are relatively high, which may impact the overall affordability and debt-to-income ratio for some buyers.
The assigned middle and high schools carry low ratings (3/10), which could be a concern for families prioritizing public education quality.
Despite dual-pane noise reduction glass, the unit's location overlooking Broadway and the Orpheum Theatre entails significant city noise and high-density foot traffic.
Superb offering at the award winning 1930s Art Deco Eastern Columbia Building, the crown Jewel and Iconic Landmark of DTLA. DLXco presents a superbly charming 1B/1B remodel with highly sought after East facing exposure overlooking Broadway and the Orpheum Theatre. This striking live/work loft home shows off dramatic period style windows with dual noise reduction glass panes, drenching the living space in natural light and long shadows. The creative open floorplan features tall ceilings, ensuite bathroom with a large soaking tub carrying the art deco theme and signature kitchen with caesarstone counter tops & stainless steel appliances. Owner spared no expense with new custom California Closets, Shade Store drapes, and bathroom remodel together with new vanity and Waterworks fixtures. Outside, situated directly underneath the famous clock tower, sits the renowned rooftop terrace showcasing a magnificent sky deck with swimming pool, spa, lounging cabanas, outdoor fireplace as well as a fully equipped fitness studio. 1 parking space included with additional monthly parking avail. Historic Mills Act saves owner approx 65% on Property Taxes! Extraordinarily detailed, the structure is clad in stunning turquoise terra cotta and gold leaf. Walking distance to shopping, restaurants, world class entertainment, and public transportation. A piece of living history, the Eastern Columbia exemplifies the burgeoning community of art, culture, and entertainment in downtown. HOA dues cover parking, Water, Trash, & Gas. Residents pay electricity + Internet separately. Existing furniture can be included at discount.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 0.5 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 940 | 850 | 67% |
| Lot Size | 22,851 | 19,388.5 | 50% |
| Price | $595.0K | $475.0K | 67% |
| Price per sq ft | $633 | $568 | 67% |
| Built year | 1930 | 1924 | 67% |
| HOA | $1354.0 | $890 | 67% |
| Days on market | 83 | 214 | 17% |
Mar 26, 2026
$595,000
$625,000
-5% Price Drop
Initial Listing
Jan 29, 2026
$625,000
Initial Listing
Feb 12, 2024
$550,000
Public Record
Oct 23, 2017
$675,000
Public Record
Feb 23, 2007
$437,000
Public Record