1855 Industrial Street 509, Los Angeles, California 90021, Los Angeles, 90021 - 1 bed, 2 bath

1855 Industrial Street 509, Los Angeles, California 90021 home-pic-0
ACTIVE$1,195,000
1855 Industrial Street 509, Los Angeles, California 90021
1Bed
2Baths
1,778Sqft
42,628Lot
Year Built
1924
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$672
HOA
$1,017.84
Days on market
-
Sold On
-
MLS number
25551277
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

We found 4 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 1778(60th), beds - 1(50th), baths - 2(50th).

Experience elevated urban living in this expansive 5th-floor corner residence at the iconic Toy Factory Lofts, located in the heart of Downtown LA's vibrant Arts District. This bright and open loft features soaring 11-foot ceilings, oversized windows with southwest-facing city skyline views, and a flexible floor plan ideal for both residential and live/work use. The spacious kitchen is outfitted with stainless steel appliances, halogen lighting, and a center island perfect for entertaining. The primary suite offers a walk-in closet, an upgraded bathroom, and a glass-enclosed steam shower. Additional highlights include laminate hardwood flooring throughout and a custom built-in wall library. Enjoy an exceptional suite of amenities including a fully equipped fitness center with Pilates reformers, a lush landscaped courtyard with BBQ grills, and a stunning rooftop sky deck featuring a year-round heated pool with panoramic 360-degree views of Los Angeles. Amazon lockers are conveniently located on-site, and the residence includes two assigned parking spaces in a secure, attached garage along with 24-hour front desk service. Originally constructed in 1924 by the Santa Fe Railroad and thoughtfully redeveloped in 2006, the Toy Factory Lofts are a standout example of adaptive reuse, blending historic industrial character with modern design. Noteworthy architectural features include original concrete columns, signature curved walls, and preserved rail spur elements. The building sits directly across from the Biscuit Company Lofts and within walking distance to some of the Arts District's most acclaimed restaurants, cafes, and cultural venues. HOA dues include water, trash, sewage, parking, and general liability/fire insurance. Residents pay for their own gas, electricity, and internet. This is a rare opportunity to own a piece of Los Angeles history in one of the city's most dynamic and creative neighborhoods.

Price History

Date
Event
Price
09/03/25
Sold
$1,250,000
06/11/25
Listing
$1,195,000
07/27/04
Sold
$605,000
Condition Rating
Good

This property, originally built in 1924, underwent a thoughtful redevelopment in 2006, making it 18 years since its extensive renovation. While slightly outside the 5-15 year range for 'Good' on renovation age, the visual evidence and description strongly support this rating. The kitchen features modern glossy red cabinetry, stainless steel appliances (including a French door refrigerator and dishwasher), and halogen lighting, all appearing well-maintained and contemporary. The bathroom is upgraded with a glass-enclosed steam shower, a jetted tub, and modern mosaic tiling. Laminate hardwood flooring is present throughout the main living areas. The overall condition suggests a move-in ready property with minimal wear and tear, and its major systems and finishes are functional and stylish, not outdated, aligning with the 'Good' criteria.
Pros & Cons

Pros

Prime Arts District Location: Situated in the heart of Downtown LA's vibrant Arts District, offering walking distance to acclaimed restaurants, cafes, and cultural venues, appealing to an urban lifestyle.
Exceptional Building Amenities: Features a comprehensive suite of amenities including a rooftop heated pool with 360-degree panoramic views, fully equipped fitness center, landscaped courtyard with BBQ grills, 24-hour front desk, and secure assigned parking.
Unique Historic & Modern Design: An iconic adaptive reuse of the 1924 Toy Factory Lofts, blending original industrial character (concrete columns, rail spur elements) with modern redevelopment and design.
Spacious & Flexible Loft Living: An expansive 1778 sqft corner residence with soaring 11-foot ceilings, oversized windows, and a flexible floor plan ideal for both residential and live/work use, including an upgraded primary suite with a steam shower.
Abundant Natural Light & City Views: Southwest-facing oversized windows provide ample natural light and captivating city skyline views, enhancing the living experience.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-09-03. The sold price is $1,250,000.00.
High Monthly HOA Dues: The association fee of $1017.84 per month is substantial, which could impact affordability and narrow the potential buyer pool, despite covering several utilities and services.
Single Bedroom Configuration: Despite its generous 1778 square feet, the property is configured as a 1-bedroom unit, which may limit its appeal to buyers requiring more dedicated sleeping spaces or a larger family home.
Original Building Age: While thoughtfully redeveloped in 2006, the original construction date of 1924 might raise concerns for some buyers regarding the age of underlying infrastructure or potential for unforeseen maintenance issues not addressed in the renovation.

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