460 S Spring Street 1013, Los Angeles, California 90013, Los Angeles, 90013 - 2 bed, 2 bath

460 S Spring Street 1013, Los Angeles, California 90013 home-pic-0
ACTIVE$499,000
460 S Spring Street 1013, Los Angeles, California 90013
2Beds
2Baths
860Sqft
30,787Lot
Year Built
1912
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$580
HOA
$856.81
Days on market
-
Sold On
-
MLS number
SB25149972
Home ConditionGood
Features
Good View: City Lights
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $499.0K(41th), sqft - 860(41th), beds - 2(77th), baths - 2(68th).

Live the best of DTLA life in this sleek 2-bathroom loft on Spring Street in the iconic Rowan building. This cool loft is one of the few units in the building to have an oversized 2-bedroom floorplan, on tax records, (which is currently set up as one big open loft space with one separated bedroom). The layout is such that the bedroom has been sectioned off as a separate room. It also features 10-foot ceilings, exposed brick walls, top of the line appliances and overlooks 5th Street. The large windows let in luscious amounts of light. The sleek kitchen is open to the living room. There’s a roomy bathroom with shower/tub combo en-suite with the private laundry area. Located in the Old Bank District in the booming Historic Core of Downtown LA, the Rowan was originally built in 1912 and exquisitely remodeled in 2008. Today’s residents enjoy a beautiful mix of historic building features and high-end modern conveniences. Historic features include exposed brick walls, original large windows with beautiful mahogany frames, historic marble flooring in the lobby and restored exterior façade. The Rowan is a full amenity building, including a 24-hour doorman, resident’s lounge, hot and cold plunge pools, outdoor BBQ area, dog run, on-site dry-cleaning valet and bike storage. All common areas are even WIFI-enabled. Parking is available to rent in the adjacent Old Bank District Garage, which is located directly behind the Rowan, and accessed via a partially gated alley.

Price History

Date
Event
Price
05/21/14
Sold
$550,000
03/02/10
Sold
$400,000
Condition Rating
Good

This property, extensively remodeled in 2008, presents as move-in ready with a well-maintained, contemporary aesthetic. The kitchen features stainless steel appliances, granite countertops, and sleek flat-panel cabinetry, all appearing in good condition. The bathroom also boasts granite countertops, a modern vanity, and a tiled shower/tub combo. Hardwood floors are present throughout the main living areas, and the overall unit shows minimal wear and tear, aligning with a 'Good' condition despite the renovation being 16 years ago, just outside the 5-15 year range for 'Good' but still reflecting high quality and functionality.
Pros & Cons

Pros

Prime Historic Core Location: Situated in DTLA's booming Historic Core, offering excellent walkability and access to urban amenities, dining, and entertainment.
Historic Building with Modern Renovation: The iconic Rowan building, built in 1912 and exquisitely remodeled in 2008, seamlessly blends historic architectural charm (exposed brick, mahogany windows) with high-end modern conveniences.
Extensive Luxury Amenities: The building provides a comprehensive suite of amenities including a 24-hour doorman, resident's lounge, hot/cold plunge pools, outdoor BBQ, dog run, dry-cleaning valet, and bike storage, enhancing resident lifestyle.
Desirable Loft Features: The unit boasts 10-foot ceilings, exposed brick walls, top-of-the-line appliances, large windows for abundant natural light, and an open-concept sleek kitchen, embodying classic loft appeal.
Flexible & Oversized Floorplan: An oversized 2-bedroom floorplan (per tax records), currently configured as an open loft with one separated bedroom, offers versatility for various living arrangements and future customization.

Cons

High Monthly Association Fees: The substantial monthly association fee of $856.81 adds a significant ongoing cost to ownership, potentially impacting affordability and long-term investment value.
Parking Not Included (Rental Only): Parking is not owned or included with the unit but is available for rent in an adjacent garage, representing an additional, potentially high, monthly expense and a lack of deeded parking.
Non-Traditional Bedroom Configuration: While flexible, the unit's setup as 'one big open loft space with one separated bedroom' may not suit buyers seeking a traditional, fully enclosed two-bedroom layout, potentially narrowing the market.

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