849 S Broadway 708, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 2 bath
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Los Angeles, California 90014
This Historic Art Deco Loft represents a High-Potential Investment Opportunity, listed at $1,100,000—positioned well above the $905,522 Fair Market Value by -21%. While priced at a premium, the unit offers significant long-term value through its Mills Act contract and rare deeded storage. Featuring an Excellent Condition Rating with Kelly Wearstler-designed finishes, this residence provides a sophisticated urban lifestyle. It is an ideal acquisition for Buy-and-Hold Investors seeking tax-advantaged assets or Owner-Occupants prioritizing iconic architecture and downtown convenience.
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 | $588 | - |
A 849 S Broadway M11 Sold | $1,060,000 | 2 | 2 | 1,830 | $579 | 0.0 mi |
B 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 move-in ready.
While the building is historic (1930), the unit underwent a high-end residential conversion approximately 18 years ago. It features designer finishes by Kelly Wearstler in the bathrooms, polished concrete floors, and updated systems including a brand-new AC unit and modern appliances. The property is exceptionally well-maintained and move-in ready, fitting the 10-20 year age/renovation bracket.
The property benefits from a coveted Mills Act contract, providing the owner with approximately 70% off annual property taxes, a major financial incentive for a historic landmark.
This unit includes a rare deeded storage unit valued at approximately $28,000 and a prime parking space with the right to rent a second, addressing the most common pain points of downtown loft living.
Situated on a desirable southwest corner of the historic Eastern Columbia building, the loft features high ceilings, polished concrete floors, and bespoke designer finishes by Kelly Wearstler.
The monthly HOA dues of $1,510 are substantial, which may impact the debt-to-income ratio for some buyers despite the property tax savings.
The assigned middle and high schools carry low ratings (3/10), which could limit the property's appeal to families prioritizing public education quality.
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. Within blocks to all the best of DTLA, such as the Proper, Hoxton, Whole Foods, The Broad, Fashion District, GRAMMY Museum, Grand Central Market, City Market South, Walt Disney Concert Hall, the Conrad, upcoming Erewhon Market a block away, 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 2.0 | 1.0 | 60% |
| Square foot | 1,540 | 890 | 60% |
| Lot Size | 22,851 | 15,926 | 60% |
| Price | $1.10M | $575.0K | 80% |
| Price per sq ft | $714 | $579 | 80% |
| Built year | 1930 | 1925 | 60% |
| HOA | $1510.0 | $854 | 80% |
| Days on market | 11 | 283 | 20% |
May 26, 2026
$1,100,000
Initial Listing
Nov 2, 2022
$1,260,000
Public Record
Feb 26, 2007
$798,000
Public Record