849 S Broadway 708, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 2 bath
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Los Angeles, California 90014
This Turnkey Historic Loft is a High-Potential Investment Opportunity, listed at $1,100,000—positioned well above the $1,044,144 Fair Market Value by 5%. Featuring a Mint Condition Rating, this Art Deco residence offers bespoke finishes, a Kelly-Wearstler-designed ensuite, and a Rare Deeded Storage Unit. The Mills Act contract provides significant annual tax savings, balancing the high HOA fees. Located in the iconic Eastern Columbia building, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 849 S Broadway 708 Subject | $1,100,000* List Price | 1 | 2 | 1,540 | $678 | - |
A 849 S Broadway 604 Active | $990,000 List Price | 2 | 2 | 1,610 | $615 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although the building is historic, the unit is in mint condition with high-end bespoke renovations, including a Kelly Wearstler-designed ensuite and polished concrete floors. The systems are updated with a new AC unit and modern in-unit laundry, and the overall aesthetic is contemporary and move-in ready with no deferred maintenance.
The property benefits from a coveted Mills Act contract, providing the owner with nearly 70% off annual property taxes, offering significant long-term financial savings.
Unlike most urban lofts, this unit includes a rare 8x4 foot deeded storage unit valued at $28,000 and a prime parking space with the option to rent a second.
Located in the world-renowned Art Deco Eastern Columbia building, the unit features a desirable southwest corner layout with expansive windows and high-end bespoke finishes.
The monthly association fee of $1,510 is substantial, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
The assigned public middle and high schools carry low ratings (3/10), which could be a deterrent for families or impact future resale value to certain demographics.
Beautifully maintained, exceptional 1 bed, 2 bath corner LIVE/WORK loft at the iconic and historic Eastern Columbia building, an Art Deco landmark awarded multiple preservation awards by the California Preservation Foundation and the LA Conservancy. Owners currently benefit from the coveted Mills Act contract, which provides nearly 70% off property taxes annually. Situated on the 7th floor on the highly desirable southwest corner, this light-filled loft includes a RARE DEEDED STORAGE UNIT (Approx 8x4 feet). The bright and airy loft features polished concrete floors, tall ceilings, and a breathtaking display of windows spanning the south and west sides. Enjoy the bespoke bedroom suite tucked away with a Kelly-Wearstler-designed ensuite bathroom with linen storage, and a fully built-out closet. For guests, there is a custom murphy bed hidden behind an original art wall, and a second bathroom with full shower. An entertainer's dream, the open plan kitchen flows into the spacious and flexible living area where you'll find custom banquette seating underneath the windows for more storage. Central heat and new AC, W/D, 1 assigned prime parking space in the garage with a right to rent a second space, and an EXTREMELY RARE DEEDED STORAGE UNIT (Worth approx $28K) complete this unique loft. HOA Dues include water, trash, gas, 24/7 reception, parking. The landmark building features 24/7 front desk security, iconic clock tower with rooftop pool, hot tub, sundeck, courtyard, and fitness center. Located in a prime pocket of DTLA, you're moments from world-class dining, shopping, culture, and transportation, including the Metro D Line for direct access to Beverly Hills, Metro E Line to Santa Monica, and Metro B Line to Hollywood. Within one block is the upcoming Erewhon market, plus 2 blocks to Whole Foods, and numerous dining favorites such as Grand Central Market, Rossoblu, Mona, San Laurel, Redbird, plus the flagship Apple Store, Fashion District, galleries, and cultural destinations including Walt Disney Concert Hall, The Broad, MOCA, The Orpheum Theater, the first Museum of AI Arts, and United Artists Theater.
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 | 2.0 | 2.0 |
| Square foot | 1,540 | 1,243 |
| Lot Size | 22,851 | 24,016 |
| Price | $1.10M | $805.6K |
| Price per sq ft | $714 | $659 |
| Built year | 1930 | 1981 |
| HOA | $1510.0 | $684 |
| Days on market | 57 | 71 |
May 26, 2026
$1,100,000
Initial Listing
Nov 2, 2022
$1,260,000
Public Record
Feb 26, 2007
$798,000
Public Record