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849 S Broadway 812, Los Angeles, California 90014, Los Angeles, 90014 - 2 bed, 2 bath

849 S Broadway 812, Los Angeles, California 90014 home-pic-0
ACTIVE$1,595,000
849 S Broadway 812, Los Angeles, California 90014
2Beds
2Baths
1,730Sqft
22,851Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Tax Savings: The property benefits from a Mills Act contract, offering a substantial property tax savings of nearly 70% annually, significantly reducing ownership costs.
Top Cons:
High Monthly Association Fees: The monthly association fee of $1495.21 is substantial and will add significantly to the overall cost of ownership.

Compared to the nearby listings

Price:$1.59M vs avg $412.0K (+$1,183,000)89%
Size:1,730 sqft vs avg 810 sqft78%
Price/sqft:$922 vs avg $53589%

More Insights

Built in 1930 (95 years old).
Condition: This residence has undergone a complete, top-to-bottom renovation with nearly $1M in costs, transforming it into a virtually new property. The chef-grade kitchen features high-end Wolf and Subzero appliances, custom porcelain, and a wine fridge. Bathrooms are modern with high-end fixtures and finishes, including Miele laundry appliances. Wide oak hardwood floors, custom lighting, motorized shades, and central HVAC are all new and of the highest quality. Despite the 1930 build year, the extensive and recent renovation places this property firmly in the 'Excellent' category, with all components meeting current luxury standards.
Year Built
1930
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
$922
HOA
$1,495.21
Days on market
-
Sold On
-
MLS number
25588421
Home ConditionExcellent
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

Situated in the coveted Eastern Columbia building is this fully remodeled, meticulously designed residence that currently benefits from the Mills Act contract, offering a property tax savings of nearly 70% annually. Renovated from top to bottom, this well-appointed 8th floor loft features 1730sf of space that combines form and function. The impeccable residence features 2 beds, 2 baths, plus office/den, rare balcony, and 1 garage parking space w/ EV charger. An entertainer's dream, the loft boasts a chef-grade kitchen, complete with Wolf induction cooktop, double oven, microwave, integrated Subzero fridge and massive heat-resistant custom porcelain hood, and island with wine fridge. The open plan dining and living dining area features plenty of built-in storage, a dry bar, and flows into one of the few private balconies that has a view of the iconic Orpheum sign and the Broadway scape below. With no detail overlooked or spared, there is a primary bedroom with ensuite bath and massive closet, a second bedroom with full closet built-ins, and sliding framed glass enclosures. The den/office/bonus room off the kitchen also has glass doors for privacy. Tall coffered ceilings with ambient lighting, wide oak hardwood floors throughout, fully controlled custom and designer lighting fixtures, motorized shades, built-ins, central heat and AC. With nearly $1M in renovation costs, everything has been custom designed to create the perfect downtown loft experience. 1 covered garage parking space w/ EV charger is assigned to the unit. SELLER WILL CREDIT BUYER WITH $100K towards closing costs. The Eastern Columbia is known for its iconic clock tower, rooftop pool and sky deck, and residents also enjoy a gym, courtyard, grand lobby, 24/7 reception desk, garage parking. Within blocks to all the best of DTLA, including The Broad, Walt Disney Concert Hall, Per La Hotel, The Bloc, Fig&7th, LA Live, Whole Foods, Rossoblu, Dama, Ace Hotel, Proper Hotel, Hoxton, Grand Central Market, The Conrad, Fashion District, and much more.

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.7mi
3/10
John H. Liechty Middle School
Public,•6-8•1.2mi
3/10
Belmont Senior High School
Public,•9-12•1.3mi

Price History

Date
Event
Price
06/27/18
Sold
$1,250,000
03/27/07
Sold
$761,000
Condition Rating
Excellent
This residence has undergone a complete, top-to-bottom renovation with nearly $1M in costs, transforming it into a virtually new property. The chef-grade kitchen features high-end Wolf and Subzero appliances, custom porcelain, and a wine fridge. Bathrooms are modern with high-end fixtures and finishes, including Miele laundry appliances. Wide oak hardwood floors, custom lighting, motorized shades, and central HVAC are all new and of the highest quality. Despite the 1930 build year, the extensive and recent renovation places this property firmly in the 'Excellent' category, with all components meeting current luxury standards.
Pros & Cons

Pros

Significant Tax Savings: The property benefits from a Mills Act contract, offering a substantial property tax savings of nearly 70% annually, significantly reducing ownership costs.
Extensive Luxury Renovation: Meticulously designed and fully remodeled with nearly $1M in renovation costs, featuring a chef-grade kitchen with high-end appliances (Wolf, Subzero), custom finishes, central heat/AC, and smart home features like motorized shades.
Prime DTLA Location & Premium Amenities: Situated in the iconic Eastern Columbia building, offering a vibrant urban lifestyle within blocks of major DTLA attractions, complemented by luxury building amenities including a rooftop pool, sky deck, gym, 24/7 reception, and grand lobby.
Substantial Seller Incentive: The seller is offering a generous $100,000 credit towards closing costs, providing a significant financial advantage to the buyer.
Rare Balcony & Dedicated EV Parking: Includes a rare private balcony with views of the iconic Orpheum sign and Broadway, along with a dedicated covered garage parking space equipped with an EV charger, highly desirable features in downtown Los Angeles.

Cons

High Monthly Association Fees: The monthly association fee of $1495.21 is substantial and will add significantly to the overall cost of ownership.
Loft-Style Living Considerations: As a loft, the open-plan design and use of sliding glass enclosures for bedrooms may offer less traditional privacy and sound separation compared to conventional residences, which might not suit all buyers.
Urban Noise Exposure: Located in the heart of a bustling downtown area with a balcony overlooking Broadway, the property is likely exposed to significant urban noise and activity, which may not appeal to those seeking a quieter living environment.

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