
Los Angeles, California 90014
This Strong Value Opportunity is a rare architectural residence listed at $1,175,000—positioned well below the $1,240,691 Fair Market Value by 5%. This valuation gap provides $65,691 in Instant Equity. Featuring a Mint Condition Rating, this 2,235 sqft loft boasts a remodeled chef's kitchen, soaring industrial windows, and Mills Act tax benefits. Residents enjoy a rooftop pool, spa, and 24-hour concierge. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a historic, high-end urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 849 S Broadway 603 Subject | $1,050,000* List Price | 3 | 2 | 2,235 | $521 | - |
A 315 E 8th Street 801 Active | $799,999 List Price | 2 | 2 | 1,370 | $584 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a recently remodeled chef's kitchen with high-end waterfall-edge quartz countertops and custom maple cabinetry. The bathrooms are spa-inspired with modern frameless glass showers and updated fixtures. Despite the 1930 building age, the unit itself shows mint condition with contemporary finishes and modern systems, fitting the criteria for a high-end renovation completed within the last 5 years.
As a certified historic landmark under the Mills Act, this property offers substantial annual property tax savings, providing a significant financial advantage for long-term ownership.
Created by combining two individual units, this 2,235 sqft residence offers a rare three-bedroom floor plan with exceptional scale and volume seldom found in historic Downtown lofts.
Located in the legendary Eastern Columbia building, residents enjoy world-class Art Deco architecture and premium amenities, including a renowned rooftop pool and 24-hour concierge services.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2235, other record living area = 940.
The monthly HOA dues of $2,235 are relatively high, which may impact the overall affordability and appeal for budget-conscious buyers despite the tax savings.
The assigned public middle and high schools carry low performance ratings, which could be a drawback for families prioritizing educational proximity and quality.
Experience elevated loft living at the legendary Eastern Columbia, one of Downtown Los Angeles' most iconic Art Deco masterpieces. Perched on the 6th floor, this extraordinary residence was created by seamlessly combining two individual lofts into one expansive home, resulting in an exceptionally rare floor plan with remarkable scale and flexibility. The sprawling open-concept interior has been thoughtfully designed to incorporate three generous bedroom retreats while preserving the dramatic volume and architectural character that define true loft living.The impressive primary suite is a private sanctuary featuring an oversized walk-in closet and a luxurious spa-inspired bath complete with rich custom cabinetry, dual vanities with a dedicated makeup station, an oversized soaking tub, and an expansive frameless glass shower. At the heart of the home, the recently remodeled chef's kitchen is both striking and functional, showcasing custom maple cabinetry, a dramatic waterfall-edge quartz island with bar seating, and an effortless flow for entertaining on any scale.Walls of oversized industrial windows flood the home with natural light, highlighting soaring ceilings, polished concrete floors, sophisticated designer finishes, and the seamless blend of historic character and modern luxury. Every detail has been carefully curated to create a residence that is as stylish as it is inviting.Certified under the Mills Act, this exceptional property offers significant annual property tax savings, making ownership of this architectural landmark as financially compelling as it is prestigious. Residents enjoy an unmatched collection of amenities, including 24-hour concierge and security, an onsite manager, a state-of-the-art fitness center, and the building's renowned rooftop oasis featuring a resort-style pool, spa, sun deck, and elegant lounge set beneath the famous clock tower. HOA dues include water, gas, trash, parking, and 24-hour reception services.Positioned in the vibrant South Park and Historic Core corridor, the residence places the very best of Downtown Los Angeles at your doorstepfrom acclaimed restaurants and luxury shopping to galleries, theaters, and premier sporting and entertainment venues. With billions invested in the continued transformation of Downtown and the city preparing to host the 2028 Olympic Games, this home offers the rare opportunity to own a piece of Los Angeles history while enjoying one of the most exciting urban lifestyles in Southern California.
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 | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,235 | 1,219.385 |
| Lot Size | 22,851 | 27,236.074 |
| Price | $1.05M | $800.2K |
| Price per sq ft | $470 | $650 |
| Built year | 1930 | 1979 |
| HOA | $2235.0 | $685 |
| Days on market | 42 | 72 |
Aug 13, 2026
$1,050,000
$1,175,000
-11% Price Drop
Initial Listing
Jul 29, 2026
$1,175,000
Initial Listing
Apr 12, 2017
$1,500,000
Public Record
Jan 14, 2014
$462,500
Public Record
Jan 30, 2007
$500,000
Public Record