1855 Industrial Street 112, Los Angeles, California 90021, Los Angeles, 90021 - 1 bed, 2 bath

1855 Industrial Street 112, Los Angeles, California 90021 home-pic-0
ACTIVE$1,222,222
1855 Industrial Street 112, Los Angeles, California 90021
1Bed
2Baths
2,020Sqft
42,628Lot
Year Built
1924
Close
-
List price
$1.22M
Original List price
$1.4M
Price/Sqft
$605
HOA
$965.12
Days on market
-
Sold On
-
MLS number
25559381
Home ConditionExcellent
Features
Excellent View: City Lights, Panoramic
ViewCity Lights,Panoramic

About this home

We found 3 Cons,5 Pros. Rank: price - $1.22M(50th), sqft - 2020(80th), beds - 1(50th), baths - 2(50th).

This is an opportunity to own in the iconic Toy Factory Lofts, located in the heart of Downtown LA's vibrant Arts District. Originally built in 1924, this 121-unit complex retains many of its original architectural details, offering a unique blend of character and modern design. This one-of-a-kind unit is the only residential residence situated on the ground level and features its own private entrance, making it an exceptional opportunity for live/work flexibility ideal for creatives, entrepreneurs, or anyone seeking a dynamic space to both live and work. Soaring ceilings and oversized windows fill the space with natural light, enhancing the open layout and inspiring productivity and creativity. The residence features a smartly designed one-bedroom layout with two well-appointed bathrooms and a walk-in closet. The open kitchen includes an induction oven and stove, dual convection oven and microwave unit, dishwasher, and refrigerator ideal for everyday cooking. Hardwood floors run throughout the space, and soundproof windows help maintain a quiet, peaceful atmosphere despite the lively urban surroundings. An in-unit washer and dryer provide added everyday convenience. Modern upgrades include a new HVAC system installed last year, a smart Nest thermostat, and smart lightbulbs in all recessed lighting making the home tech-forward and move-in ready. Step outside to enjoy the building's impressive outdoor amenities, including a communal pool, hot tub, barbecue area, garden, and fire pit. From the rooftop common areas, residents can enjoy panoramic views of LA's skyline, perfect for relaxing or entertaining. A convenience store is located on the ground level for daily essentials, and Hank's Organic Supermarket & Grill is literally just across the street, offering easy access to fresh groceries and casual dining. EV charging is readily available throughout the garage. Security and peace of mind are top priorities, with an electric gate, security patrol, video surveillance, and a full-time doorman. The Arts District Business Improvement Team also actively patrols the neighborhood by bike and truck, helping to keep the area clean and secure. Located along the prime strip of the Arts District, you're surrounded by creative energy, top-tier dining, art galleries, and culture. Parking is a breeze with assigned garage spaces and on-site options. Fitness enthusiasts will appreciate the on-site gym complete with machines, weights, showers, and a Pilates studio. Experience unparalleled urban living with a full suite of luxuries and conveniences, all in one of LA's most dynamic and desirable neighborhoods.

Price History

Date
Event
Price
11/27/25
Price Change
$1,222,222-4.1%
10/25/25
Price Change
$1,275,000-1.8%
10/23/25
Price Change
$1,298,000-3.9%
09/11/25
Price Change
$1,350,000-3.2%
07/04/25
$1,395,000
11/09/16
Sold
$1,333,500
10/24/14
Sold
$990,000
Condition Rating
Excellent

Despite being built in 1924, this loft has undergone extensive and recent renovations, making it virtually new in terms of interior condition and systems. Key updates include a new HVAC system installed last year, smart home features (Nest thermostat, smart lightbulbs), and modern kitchen appliances (induction oven, dual convection oven/microwave, dishwasher, refrigerator). The kitchen features contemporary wood cabinetry, stainless steel appliances, and solid countertops, while the bathrooms boast modern large-format tiling, floating vanities, and updated fixtures. Hardwood floors are in excellent condition throughout, and the overall aesthetic is clean, modern, and move-in ready, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Location & Lifestyle: Situated in the heart of Downtown LA's vibrant Arts District, offering unparalleled access to creative energy, top-tier dining, art galleries, and culture.
Exceptional Live/Work Opportunity: As the only ground-level residential unit with a private entrance, it provides unique live/work flexibility ideal for creatives and entrepreneurs.
Extensive Building Amenities: Residents benefit from a full suite of luxuries including a communal pool, hot tub, BBQ area, garden, fire pit, rooftop views, gym, Pilates studio, and convenient retail access.
Enhanced Security & Convenience: Comprehensive security features (electric gate, security patrol, video surveillance, full-time doorman) and practical conveniences like EV charging and assigned garage parking.
Modernized Unit Features: The unit boasts recent upgrades including a new HVAC system, smart Nest thermostat, smart lightbulbs, soundproof windows, and updated kitchen appliances, making it move-in ready.

Cons

High Association Fees: The monthly association fee of $965.12 is substantial and adds significantly to the overall cost of ownership, potentially impacting affordability for some buyers.
Extensive Price Reductions: Multiple price reductions from the original list price ($1.395M to $1.222M) suggest potential market resistance or an initial overvaluation of the property.
Niche Layout (1 Bed / 2020 SqFt): While spacious, a single bedroom for over 2000 square feet may appeal to a specific buyer demographic but could limit broader market appeal compared to units with more bedrooms.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state