
Los Angeles, California 90014
This residence in the iconic Eastern Columbia Building represents a Strong Value Opportunity, listed at $540,000—positioned well below the $544,737 Fair Market Value by 0.87%. This valuation gap offers $4,737 in Instant Equity. Featuring a Condition Rating of 3, this "blank canvas" loft offers a rare chance to customize a historic landmark unit. With Mills Act tax benefits, two parking spaces, and panoramic city views, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking urban prestige.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 849 S Broadway 703 Subject 1 bd · 1 ba · 940 sqft · $580 | $540,000* List Price | 1 | 1 | 940 | $580 | - |
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 215 W 7th Sold 1 bd · 1 ba · 750 sqft · $700 · 0.3 mi | $525,000 | 1 | 1 | 750 | $700 | 0.3 mi |
C 215 W 7th Street 1302 Active 0 bd · 1 ba · 800 sqft · $574 · 0.3 mi | $459,000 List Price | 0 | 1 | 800 | $574 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is located in a 1930s landmark building converted to residences circa 2006, placing the renovation age within the 10-20 year range. The kitchen is well-maintained with high-end stainless steel appliances, including a Wolf range, and the unit features functional modern HVAC systems with exposed ducting. While marketed as a 'blank canvas' due to its open loft layout and raw concrete floors, it is move-in ready and structurally sound.
Located in the historic Eastern Columbia Building, this unit qualifies for the Mills Act, offering substantial property tax savings for owners of this celebrated Art Deco landmark.
The residence includes rare DTLA perks such as two designated parking spaces, two storage units, and access to a premier rooftop pool, fitness center, and 24-hour concierge.
Situated on the Broadway corridor, the property offers authentic loft living with views of the Theater District and immediate proximity to Downtown's best dining and culture.
The monthly HOA fee of $1,500 is relatively high for a sub-1,000 square foot unit, which significantly increases the monthly carrying costs for the owner.
Marketed as a 'blank canvas,' the unit likely requires a significant additional capital investment to transform the raw loft space into a fully finished, modern residence.
An opportunity to own a piece of Art Deco history within the iconic Eastern Columbia Building. Designed by renowned architect Claud Beelman and completed in 1930, this celebrated registered landmark is distinguished by its striking turquoise terra-cotta faade, intricate architectural detailing, and signature 4-sided clock tower. Situated on the seventh floor, Residence #703 encompasses a loft of approximately 940 square feet living space with views overlooking Broadway and the historic Theater District. This residence offers a "blank canvas" opportunity to create a space that complements the building's timeless architectural character. Originally constructed as the headquarters of the Eastern-Columbia department stores, the building was thoughtfully converted into residences, preserving its historic identity while introducing modern residential amenities. Residents enjoy a rooftop pool with sweeping city views, fitness center, landscaped garden seating areas, and 24-hour concierge service. Residence #703 further benefits from two designated parking spaces (one of which that is conveniently situated next to the building entrance) and two storage spaces, providing exceptional convenience in the heart of Downtown Los Angeles. Located along the historic Broadway corridor, the Eastern Columbia Building places residents moments from Downtown's acclaimed dining, shopping, galleries, entertainment, and cultural destinations.A rare opportunity to own within one of Los Angeles' most recognizable architectural landmarks, where historic significance, distinctive design, and the possibilities of contemporary urban living converge. Adding to its appeal, the building's Mills Act participation offers potential property tax savings while supporting the preservation of its extraordinary architectural heritage.
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 | $540.0K | $778.5K |
| Price per sq ft | $574 | $629 |
| Built year | 1930 | 1981 |
| HOA | $1500.0 | $676 |
| Days on market | 14 | 74 |
Oct 26, 2026
$540,000
Initial Listing
May 2, 2007
$510,000
Public Record