108 W 2nd Street 915, Los Angeles, California 90012, Los Angeles, 90012 - 1 bed, 1 bath

108 W 2nd Street 915, Los Angeles, California 90012 home-pic-0
ACTIVE$498,000
108 W 2nd Street 915, Los Angeles, California 90012
1Bed
1Bath
730Sqft
19,159Lot
Year Built
1910
Close
-
List price
$498K
Original List price
$515K
Price/Sqft
$682
HOA
$713.99
Days on market
-
Sold On
-
MLS number
25526397
Home ConditionExcellent
Features
Good View: City Lights, Landmark
ViewCity Lights,Landmark

About this home

We found 3 Cons,5 Pros. Rank: price - $498.0K(40th), sqft - 730(8th), beds - 1(40th), baths - 1(44th).

Welcome to a sublime urban sanctuary nestled in the heart of Los Angeles' vibrant Downtown Historic District. This exquisite 1-bedroom, 1-bathroom loft is tailor-made for those embarking on homeownership, work-from-home professionals, retirees seeking city life, and savvy investors, benefiting from one of the few buildings that enjoy the tax savings of the Mill's Act historic tax bill, savings are up to 70%. As you step into this U-shaped loft-style residence, you're greeted by a generous expanse of open and bright living space, accentuated by the gleaming cement floors that give the flat a sleek, modern feel. The vast historic double hung windows not only flood the space with natural light but also provide enchanting views of LA's storied landmarks, inviting the city's charm right into your home.Entertaining and culinary creativity come to life in the upgraded kitchen, where an oversized peninsula offers ample space for meal prep and casual dining. Stainless steel appliances add a touch of elegance and efficiency to your cooking endeavors, ensuring a delightful experience for both the home chef and guests. Location is everything, and this gem is within walking distance to a host of urban delights. Immerse yourself in the local culture by exploring nearby galleries, indulge your taste buds in the foodie's paradise, enjoy performances at the music center, or stroll through the serene streets of Little Tokyo. It's more than a home; it's a lifestyle opportunity in one of LA's most sought-after neighborhoods.

Price History

Date
Event
Price
08/17/25
Price Change
$498,000
04/15/25
Listing
$515,000
09/27/05
Sold
$535,000
04/19/05
Sold
$422,500
03/11/05
Sold
$315,000
Condition Rating
Excellent

This loft, built in 1910, has undergone an extensive and high-quality renovation, presenting as virtually new. The kitchen features modern blue/grey shaker-style cabinets, pristine white countertops, and sleek stainless steel appliances, including an integrated washer/dryer, all in excellent condition. The bathroom boasts a contemporary dark wood vanity, modern fixtures, and stylish white subway tiling with a black and white checkerboard accent, appearing recently updated. Throughout the unit, the 'gleaming cement floors' and exposed industrial ductwork contribute to a chic, modern loft aesthetic. All visible components meet current quality standards with no signs of deferred maintenance or physical depreciation, indicating a recent and thorough renovation.
Pros & Cons

Pros

Prime Historic Downtown Location: Situated in the vibrant Downtown Historic District, offering unparalleled walkability to cultural venues, dining, and entertainment.
Significant Mills Act Tax Savings: Benefits from the Mills Act, providing substantial property tax savings of up to 70%, a rare and valuable financial incentive.
Unique Loft Design & Modern Finishes: Features an open, U-shaped loft layout with sleek cement floors, vast historic windows, and an upgraded kitchen with stainless steel appliances.
Abundant Natural Light & Landmark Views: Historic double-hung windows ensure ample natural light and offer captivating views of LA's iconic landmarks and city lights.
Versatile Buyer Appeal: Tailored for a broad range of buyers including first-time homeowners, work-from-home professionals, retirees, and savvy investors.

Cons

High Monthly Association Fee: The substantial monthly association fee of $713.99 significantly increases the overall cost of ownership.
Compact Living Space: With 730 sqft and one bedroom, the property offers limited living space, which may not accommodate all buyer needs or future expansion.
Recent Price Reduction: The recent price drop from $515,000 to $498,000 could indicate initial overpricing or a slower market interest.

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