108 W 2nd Street 309, Los Angeles, California 90012, Los Angeles, 90012 - bed, 1 bath
ACTIVE$485,000
108 W 2nd Street 309, Los Angeles, California 90012
0Bed
1Bath
750Sqft
19,159Lot
Year Built
1910
Close
-
List price
$485K
Original List price
$500K
Price/Sqft
$647
HOA
$720
Days on market
-
Sold On
-
MLS number
25572301
Home ConditionGood
Features
View-
About this home
Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $485.0K(35th), sqft - 750(15th), beds - undefined(8th), baths - 1(42th).
Stunning condo in downtown Los Angeles. Located in the Higgins building. Washer & Dryer in the unit. Building amenities include a rooftop BBQ & dining area. The unit is located in the Higgins Building which has been designated as a Historic-Cultural Monument and is covered under the Mills Act. Close to Little Tokyo, Grand Park, Grand Central, museums, dining and entertainment.
Price History
Date
Event
Price
10/31/25
Price Change
$485,000-2.8%
08/27/25
Price Change
$499,000-0.2%
07/31/25
$500,000
06/28/18
Sold
$470,000
02/14/05
Sold
$280,000
Condition Rating
Good
Despite being built in 1910, this condo unit in a historic building has undergone a significant and stylish renovation, making it move-in ready. The kitchen features modern white shaker cabinets, white countertops, a subway tile backsplash, and contemporary appliances (though the refrigerator and range are black, while the microwave is stainless steel). The unit boasts an industrial-loft aesthetic with stained concrete flooring throughout and exposed ductwork, indicating updated HVAC systems. While no bathroom images were provided, the overall condition and modern updates visible in the kitchen and living areas suggest a well-maintained property that has been extensively renovated within the last 5-15 years, aligning with a 'Good' condition score.
Pros & Cons
Pros
Historic Significance & Mills Act: The unit is located in the Higgins Building, a designated Historic-Cultural Monument covered by the Mills Act, which can offer significant property tax benefits and unique architectural appeal.
Prime Downtown Location: Situated in the heart of Downtown Los Angeles, the property boasts excellent walkability and proximity to major attractions like Little Tokyo, Grand Park, Grand Central, museums, dining, and entertainment.
In-Unit Laundry: The convenience of a washer and dryer within the unit is a highly desirable feature for condo living, adding significant value and practicality.
Building Amenities: Residents benefit from building amenities including a rooftop BBQ and dining area, providing communal space for relaxation and entertainment.
Recent Price Adjustment: The property has seen recent price reductions from $500,000 to $485,000, indicating a motivated seller and potential for a more competitive offer.
Cons
High Association Fee: The monthly association fee of $720 is substantial for a 750 sqft unit, significantly impacting the overall cost of ownership and affordability.
Lack of Views: The property explicitly states 'view: None,' which can be a significant drawback for a downtown condo where city views are often a premium and highly sought after.
Listing Price vs. Estimated Value: Despite recent price reductions, the current listing price of $485,000 remains higher than the estimated property value of approximately $453,260, suggesting it may still be overvalued.