
Los Angeles, California 90014
This Historic Art Deco Loft represents a Strong Value Opportunity, listed at $590,000—positioned slightly above the $580,074 Fair Market Value. While priced at market, the property offers exceptional long-term financial efficiency through the Mills Act tax contract and a fully paid special assessment. Featuring 11-foot ceilings, polished concrete floors, and resort-style amenities like a rooftop pool, this unit maintains a Good Condition Rating. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a trophy asset in the vibrant South Park district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 849 S Broadway M09 Subject 1 bd · 1 ba · 990 sqft · $587 | $590,000* List Price | 1 | 1 | 990 | $587 | - |
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 738 S Los Angeles Street 707 Active 1 bd · 1 ba · 860 sqft · $541 · 0.3 mi | $465,000 List Price | 1 | 1 | 860 | $541 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1930, the loft conversion occurred in the mid-2000s (approx. 18 years ago), placing it in the 'Good' category. The unit is well-maintained and move-in ready, featuring a functional modern kitchen with upgraded stainless steel appliances, polished concrete floors, and updated systems including in-unit laundry and EV charging.
The property benefits from a Mills Act contract providing up to 70% off annual property taxes, coupled with a fully pre-paid special assessment by the seller, offering unmatched value and immediate equity.
Situated in the world-renowned Eastern Columbia Art Deco building, this unit offers a prestigious address with luxury amenities including a rooftop sky-deck pool, fitness center, and 24/7 concierge.
This rare west-facing unit boasts 11-foot ceilings, massive dual-paned windows for natural light, and the modern convenience of an assigned parking space equipped with a private EV charger.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 990, other record living area = 880.
The association fee is $1,367.65 per month, which is relatively high for a one-bedroom unit and may impact the budget of fee-sensitive buyers.
The assigned middle and high schools carry low ratings (3/10), which could be a drawback for families or impact long-term resale appeal to certain demographics.
Own a piece of Los Angeles history in DTLA's most iconic Art Deco masterpiece: the world-renowned Eastern Columbia Building. Rarely available (first time on market), Unit M-09 is a premium 990 sq. ft. west-facing live/work loft that effortlessly blends true industrial grit with modern luxury. Step inside to discover an entertainer's dream featuring soaring 11+ foot ceilings, dramatic exposed beams, and polished dark concrete floors. Unique to only a select few units in the building, this residence boasts massive, dual-paned windows that flood the open-concept layout with natural light while offering peaceful, temperate cityscapes and treetop views. The highly functional layout features a distinct, separated primary bedroom area, an expansive open-plan living and workspace, upgraded stainless steel appliances, custom window coverings, and an in-unit washer/dryer. The unit also comes complete with 1 assigned covered parking space equipped with an EV charger. BUY WITH ABSOLUTE PEACE OF MIND: The SELLER HAS FULLY PAID THE SPECIAL ASSESSMENT! This delivers incredible instant equity and a completely hassle-free transition for the new owner, bypassing a major future expense. Perfectly situated in the premier, vibrant neighborhood of South Park right on the border of the Historic Core, this property offers the absolute best of the downtown LA lifestyle at your doorstep. This location strikes the perfect balance between the high-end, clean residential energy of South Park and the rich cultural grit and architecture of the Historic Core. You are completely walkable and just steps from the flagship Apple Store at the Tower Theatre, Whole Foods, the upcoming Erewhon, the Orpheum Theatre, and world-class dining destinations like Redbird, Dunsmoor, and Grand Central Market. When you live at the Eastern Columbia, you live like a celebrity. Residents enjoy unparalleled, resort-style amenities including a breathtaking rooftop sky-deck pool, hot tub, fully equipped fitness center, outdoor fireplace lounge, and 24/7 front desk concierge and security all wrapped by the building's iconic turquoise terra cotta facade and neon clock tower. THE ULTIMATE BONUS: Enjoy historic financial savings. The building is an approved Mills Act contract property, granting owners up to 70% off annual property taxes! Between the paid assessment and the massive property tax discount, the carry cost and value proposition of this luxury loft are entirely unmatched in the city. Opportunities in this tier do not last. Whether you are looking for an inspiring, creative live/work workspace, a luxury urban pied-a-terre , or a trophy real estate asset, Unit M9 delivers on every front. Schedule your private tour today before it's gone!
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 | 990 | 1,252.996 |
| Lot Size | 22,851 | 26,029.603 |
| Price | $590.0K | $778.5K |
| Price per sq ft | $596 | $629 |
| Built year | 1930 | 1981 |
| HOA | $1367.65 | $676 |
| Days on market | 40 | 74 |
Sep 30, 2026
$590,000
Initial Listing
Dec 17, 2024
$605,000
Public Record
Mar 31, 2008
$500,000
Public Record