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1850 Industrial Street 409, Los Angeles, California 90021, Los Angeles, 90021 - bed, 1 bath

1850 Industrial Street 409, Los Angeles, California 90021 home-pic-0
ACTIVE$689,999
1850 Industrial Street 409, Los Angeles, California 90021
0Bed
1Bath
839Sqft
31,630Lot
Year Built
1925
Close
-
List price
$690K
Original List price
$800K
Price/Sqft
$822
HOA
$790
Days on market
-
Sold On
-
MLS number
24428889
Home ConditionExcellent
Features
Good View:
Deck
Pool
Patio
View

About this home

We found 3 Cons,5 Pros. Rank: price - $690.0K(20th), sqft - 839(20th), beds - undefined(20th), baths - 1(40th).

Live in the beautiful and historic Biscuit Company Lofts in the exclusive Arts District. Built in 1925, step into an architectual dream. The open floor plan loft features oversized casement windows, hard wood floors, soaring 16ft. ceilings, concrete pillars and original exposed red brick. A custom mezzanine level bed complimented w/ an oversized walk-in closet below. A stainless steel kitchen w/ caesarstone countertops. The spacious bathroom has a large tub and pedestal sink. Laundry in-unit. The lobby and corridors are enhanced with ornamental concrete, impressively large copper doors and vintage lamps. 1 assigned parking space included - with the elevator bank going directly to the lobby and the 4th floor. The amenities are perfect to unwind or entertain: A lush garden, 75' salt water lap pool, gym, lounge w/ fire pit & shower, dog run, 24/7 concierge/security, gym, and much more. Water, trash, & gas included with HOA dues.The Biscuit Company Lofts is a registered historical landmark, the structure once served as the National Biscuit Company's (Nabisco) West Coast headquarters. In addition, the property is Mills Act-registered, earning homeowners up to 70% off of property taxes.Once an industrial zone, LA's Arts District has transformed to a trendy hub for creatives and travelers alike. Expect to find the greatest in dining, coffee shops, breweries, cocktail bars, boutique hotels, and art at every corner. Conveniently within close proximity to the 110, 101, 60, 10 and 5 FWY'S. Water, trash, & gas included with HOA dues.

Price History

Date
Event
Price
08/05/25
$689,999
08/16/24
$799,888
04/24/07
Sold
$465,000
Condition Rating
Excellent
This historic 1925 building has undergone an extensive, high-quality loft conversion. The kitchen features modern stainless steel appliances, sleek cabinetry, and Caesarstone countertops, appearing virtually new and meeting current design standards. Hardwood floors throughout are in excellent condition. While the bathroom has a pedestal sink, it is clean, functional, and appears well-maintained, not indicating deferred maintenance. The overall aesthetic is a desirable industrial chic, with soaring ceilings, exposed brick, and concrete, all contributing to a move-in ready property with minimal physical depreciation.
Pros & Cons

Pros

Historic Landmark & Architectural Charm: The property is located within the historic Biscuit Company Lofts, a registered landmark built in 1925, offering unique architectural elements like 16ft ceilings, exposed brick, and concrete pillars.
Exceptional Building Amenities: Residents benefit from a comprehensive suite of amenities including a 75' saltwater lap pool, gym, lounge with fire pit, dog run, and 24/7 concierge/security.
Significant Property Tax Savings: As a Mills Act-registered property, homeowners are eligible for substantial property tax reductions, potentially up to 70% off.
Prime Arts District Location: Situated in the highly sought-after Arts District, the location provides immediate access to a trendy hub of dining, coffee shops, breweries, and art galleries.
Inclusive HOA & Convenient Features: HOA dues cover water, trash, and gas, and the unit includes in-unit laundry and an assigned parking space with direct elevator access.

Cons

High Monthly HOA Dues: The monthly association fee of $790 is substantial, which could be a barrier for some buyers despite the included utilities and amenities.
Open Loft Layout: The open floor plan with a mezzanine-level bed, while characteristic of a loft, lacks a traditional enclosed bedroom, which may not appeal to all buyer preferences for privacy.
Recent Price Reduction: The property has undergone a significant price reduction from its original list price, potentially indicating a longer time on market or initial overpricing.

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