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215 W 7th Street 1310, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath

215 W 7th Street 1310, Los Angeles, California 90014 home-pic-0
ACTIVE$519,000
215 W 7th Street 1310, Los Angeles, California 90014
1Bed
1Bath
940Sqft
15,926Lot
Year Built
1911
Close
-
List price
$519K
Original List price
$529K
Price/Sqft
$552
HOA
$627
Days on market
-
Sold On
-
MLS number
25542189
Home ConditionGood
Features
Excellent View: City Lights, Mountain(s)
Deck
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $519.0K(67th), sqft - 940(67th), beds - 1(50th), baths - 1(50th).

This MILLS ACT approved, NY style Bartlett Penthouse is DIFFERENT, featuring 450sf of unheard of PRIVATE OUTDOOR TERRACE with brand new patio decking, sitting in the middle of DTLA! Amazing for entertaining as it seamlessly extends your living space out over the city! Great for drinks, coffee, dinner or just relaxing! Enjoy stunning views of our city's Turn-of-the-Century Architecture from this 13th level Penthouse. You've never seen a space this, freshly painted, super bright, flooded with natural sunlight from the large mahogany restored original windows, exposed brick, 15' ceilings, concrete floors and tremendous character. Showcasing a one-of-kind "infinity" style bedroom boasting floor to ceiling windows & hardwood floor laminate, it's like sleeping in a cloud! Upgraded Fisher & Paykel refrigerator, new bathroom cabinets & vanity, deep soaking tub, whirlpool washer & dryer, beautiful hanging pendent lights & chandelier and yes THE MILLS ACT (up to 70% off your annual property taxes) Accessible to everything downtown has to offer, bars, restaurants, LA Live, The Row, CVS, Ralphs, Whole Foods, Public Transportation and so much more. Listed sf INCLUDES private terrace. Parking is not included, but lease options across the street and potential to get on a building waiting list.

Price History

Date
Event
Price
04/03/14
Sold
$481,500
09/07/07
Sold
$360,000
04/11/06
Sold
$440,000
Condition Rating
Good
Despite being built in 1911, this penthouse unit has undergone significant and recent updates, making it move-in ready. The kitchen features an upgraded Fisher & Paykel refrigerator and a modern industrial aesthetic. The bathroom boasts new cabinets, vanity, a deep soaking tub, and contemporary tiling. The unit also benefits from fresh paint, brand new patio decking, restored original windows, modern pendant lighting, and a combination of concrete and laminate flooring. These updates ensure the property is well-maintained and functional, aligning with a 'Good' condition rating.
Pros & Cons

Pros

Mills Act Tax Savings: The property's Mills Act approval offers substantial annual property tax reductions (up to 70%), significantly lowering long-term ownership costs.
Expansive Private Terrace: Features an exceptional 450 sqft private outdoor terrace with new decking, providing unparalleled entertaining space and panoramic city views.
Historic Character & High Ceilings: A 1911 Bartlett Penthouse boasting 15-foot ceilings, exposed brick, restored original windows, and a unique 'infinity' style bedroom, offering distinct architectural charm.
Premier Downtown Location: Situated in the heart of DTLA, providing immediate access to a vibrant array of dining, entertainment, retail, and public transportation options.
Modern Updates & Views: Recently refreshed with new paint, upgraded kitchen appliances (Fisher & Paykel), new bathroom vanity, and offering stunning city lights and mountain views from the 13th floor.

Cons

Lack of Deeded Parking: Parking is not included with the unit, requiring reliance on lease options or a building waiting list, which can be inconvenient and costly in downtown.
High Monthly Association Fee: The $627.00 monthly association fee is considerable for a 1-bedroom unit, impacting overall affordability and carrying costs.
Square Footage Includes Outdoor Space: The advertised 940 sqft includes the 450 sqft private terrace, meaning the interior living space is significantly smaller, potentially affecting buyer perception of value.

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