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460 S Spring Street 306, Los Angeles, California 90013, Los Angeles, 90013 - bed, 1 bath

460 S Spring Street 306, Los Angeles, California 90013 home-pic-0
ACTIVE$360,000
460 S Spring Street 306, Los Angeles, California 90013
0Bed
1Bath
470Sqft
30,796Lot
Year Built
1912
Close
-
List price
$360K
Original List price
$375K
Price/Sqft
$766
HOA
$629.15
Days on market
-
Sold On
-
MLS number
BB25020737
Home ConditionExcellent
Features
Good View: City Lights
Spa
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $360.0K(27th), sqft - 470(9th), beds - undefined(32th), baths - 1(50th).

Nestled in the heart of downtown, the Rowan Lofts is a historic and stylish building that’s highly sought after for its blend of character and modern amenities. Located right next to the scenic Spring Street Park, this spacious loft offers soaring ceilings, stunning exposed brick walls, and oversized windows that flood the space with natural light. The sleek kitchen features high-end Bosch stainless steel appliances, elegant granite countertops, and beautiful thick plank wood flooring throughout the unit. The large bathroom is adorned with chic European tiles, and the loft also includes a convenient stackable washer/dryer. Residents enjoy exclusive access to an impressive suite of amenities, including a trendy lounge with a kitchenette and big-screen TV, a tranquil private barbecue area with seating, hot and cold spas, a dog run, and 24-hour security. With some of the best restaurants, galleries, and attractions that downtown has to offer just around the corner, this location is truly unbeatable. Additionally, with its historical designation and eligibility for the 'Mills Act,' owners enjoy significant property tax savings. Parking is also available.

Price History

Date
Event
Price
10/24/13
Sold
$322,500
05/13/10
Sold
$221,500
Condition Rating
Excellent
Despite the building's 1912 construction, the unit has undergone a comprehensive, high-quality renovation. The description highlights a 'sleek kitchen' with 'high-end Bosch stainless steel appliances,' 'elegant granite countertops,' and 'beautiful thick plank wood flooring throughout.' The bathroom features 'chic European tiles.' These modern, premium finishes and appliances, along with the overall aesthetic presented in the images, indicate that the property has been extensively renovated recently (likely within the last 5 years), bringing all key components to a virtually new and current quality standard. It is move-in ready with no deferred maintenance.
Pros & Cons

Pros

Historic Character & Modern Finishes: The unit blends the historic charm of the Rowan Lofts, featuring soaring ceilings, exposed brick walls, and oversized windows, with modern upgrades like high-end Bosch stainless steel appliances, granite countertops, and thick plank wood flooring.
Extensive Building Amenities: Residents enjoy an impressive suite of amenities including a trendy lounge, private barbecue area, hot and cold spas, a dog run, and 24-hour security, enhancing the urban living experience.
Prime Downtown Location: Nestled in the heart of downtown Los Angeles, adjacent to Spring Street Park, the property offers unbeatable access to top restaurants, galleries, and attractions.
Significant Property Tax Savings: Due to its historical designation and eligibility for the 'Mills Act,' owners can benefit from substantial property tax savings, adding a valuable financial incentive.
In-Unit Laundry & Natural Light: The convenience of a stackable washer/dryer within the unit, combined with oversized windows that flood the space with natural light, provides practical comfort and an inviting atmosphere.

Cons

Compact Living Space: At 470 sqft, the unit offers a relatively compact living area, which may limit its appeal to buyers seeking more expansive or traditional residential layouts, despite being described as a 'spacious loft'.
High Monthly Association Fees: The association fee of $629.15 per month is substantial for a unit of this size, adding a significant recurring cost to ownership that could impact affordability.
Downtown Urban Environment: While offering an unbeatable location, the heart of downtown Los Angeles can come with increased noise levels, traffic, and a dense urban environment that may not suit all preferences for peace and quiet.

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