1850 Industrial Street 411, Los Angeles, California 90021, Los Angeles, 90021 - 1 bed, 2 bath

1850 Industrial Street 411, Los Angeles, California 90021 home-pic-0
ACTIVE$1,548,000
1850 Industrial Street 411, Los Angeles, California 90021
1Bed
2Baths
1,670Sqft
31,720Lot
Year Built
1925
Close
-
List price
$1.55M
Original List price
$1.58M
Price/Sqft
$927
HOA
$1,116
Days on market
-
Sold On
-
MLS number
25488761
Home ConditionGood
Features
Good View: City Lights
Pool
ViewCity Lights

About this home

We found 2 Cons,3 Pros. Rank: price - $1.55M(50th), sqft - 1670(50th), beds - 1(50th), baths - 2(50th).

MILLS ACT PROPERTY WITH MASSIVE TAX REDUCTION! Located in the premiere Historic building in the Arts District, this 4th floor "Biscuit Loft" SW CORNER unit is sure to impress. Known as one of the BEST units in the building, the floorplan is unique and special. A long private entry hall leads to a massive space with soaring ceilings and cornered walls of windows that run the entire length/width of the unit. Flooded with light, stunning sunsets, and picturesque views of Downtown LA - means you may never want to leave home! Custom built kitchen includes upgraded quartz island, chic geometric stone back-splash, Refrigerator w/LCD screen, wine cooler, stainless steel cabinets, and high-end fixtures. Hardwood flooring combined with original terrazzo make an elegant statement. Custom office build-out and separated bedroom area allows for unique and private spaces within the unit, including two full baths. Electric solar shades, custom paint, and underground parking complete the package and make this a RARE FIND in an area bustling with excitement! Within a stone's throw to many restaurants, art galleries, Soho House, new 6th St. Bridge, and numerous developments in the works! Most exciting area in DTLA and the perfect place to live/work. Community salt-water pool, BBQ, new outdoor furniture & lobby, Gym, and 24/7 security/concierge. 1 Underground Secure Parking spot. 1 Storage Space. Gas/Water/Trash included. Unit not currently furnished.

Price History

Date
Event
Price
04/07/23
Sold
$2,265,000
05/27/16
Sold
$1,270,000
04/24/07
Sold
$846,500
Condition Rating
Good

The property was built in 1925, but the listing mentions a custom-built kitchen with upgraded quartz island, chic geometric stone backsplash, refrigerator with LCD screen, wine cooler, stainless steel cabinets, and high-end fixtures. The bathrooms appear updated as well. The hardwood flooring and terrazzo are in good condition. While the building is older, the unit itself seems to have been renovated to a good standard. The description and images suggest that the unit is move-in ready with modern amenities.
Pros & Cons

Pros

Mills Act Property: Significant tax reduction due to Mills Act designation, offering substantial savings to the buyer.
Prime Location: Located in the heart of the Arts District, close to restaurants, art galleries, Soho House, and the new 6th St. Bridge, offering a vibrant and convenient lifestyle.
Unique Loft Features: Features include soaring ceilings, corner walls of windows with stunning city views, a custom-built kitchen with upgraded appliances, and unique private spaces within the unit.

Cons

High Price Point: The list price of $1,548,000 may be a barrier for some buyers, despite the property's unique features and location.
HOA Fees: HOA fees are associated with the building, which may impact the overall cost of ownership.

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