738 S Los Angeles Street 707, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath

738 S Los Angeles Street 707, Los Angeles, California 90014 home-pic-0
ACTIVE$495,000
738 S Los Angeles Street 707, Los Angeles, California 90014
1Bed
1Bath
860Sqft
38,319Lot
Year Built
1914
Close
-
List price
$495K
Original List price
$495K
Price/Sqft
$576
HOA
$944
Days on market
-
Sold On
-
MLS number
25552769
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $495.0K(67th), sqft - 860(67th), beds - 1(50th), baths - 1(50th).

NOTICE: *** The tenant has signed a lease. It will become an off-market sale for anyone looking for a tenant-occupied income property or will go back on the market once lease is close to being completed. Please contact listing agent for more information. *** Join the Penthouse Club: Iconic DTLA Loft with STR Approval + Mills Act Tax Benefits! Heated rooftop pool, Three hot tubs, Golf cage, Basketball court, Market, Food court, Private shuttle, Full gym, 24-hour staff - all in a historic luxury community under $500K. Welcome to your private club in the sky. Perched in the Eckardt Building at Santee Village, a 1914 Historic-Cultural Landmark converted to lofts in 2007, this rare penthouse in DTLA's Fashion District blends vintage character with elevated living. Currently licensed for short-term rental use and benefiting from Mills Act property tax savings, it's a standout for investors, international buyers, and those seeking a pied-a-terre, flexible-use residence or stylish long-term rental. The approx. 860 sqft unit features ceilings estimated at 14 feet, a frosted skylight, exposed concrete and beams, built-in electric fireplace, smart-access electronic lock, and a Nest-compatible thermostat (included, wired for but not installed). Upgrades include a French-door refrigerator, designer lighting, and sliding space-saving closet doors. Optional furnishings available. An exceptional alternative to renting offering lock-and-leave convenience, elevated design, and a foothold in one of DTLA's fastest-developing neighborhoods. Santee Village offers a rare amenity-rich environment: heated rooftop pool, multiple hot tubs (including a spa deck exclusive to Eckardt/Cornell owners), basketball court, golf cage, fitness center, BBQ lounges, lounge decks, on-site Santee Market and food court, package/key storage, pet-friendly policies, on-site management and handyman services, guest parking and off-site parking space with evening shuttle. HOA dues cover most utilities (excluding electricity). Enjoy local favorites all within a few blocks: Holy Basil, Poppy & Rose, Zinque, Civil Coffee, Alma at the Grove, Whole Foods, Ralphs, and Jalsah Yemeni Coffee. With a Walk Score of 98, this location offers seamless access to Downtown LA's most vibrant dining, retail, and transit options. All information deemed reliable but not guaranteed. Buyer to verify square footage, tax programs, furnishings, amenities, parking, and HOA terms. Broker and agent make no warranties and shall be held harmless. Buyer to verify transferability, reapplication requirements, and HOA policy enforcement.

Nearby schools

5/10
Ninth Street School
Public,K-50.5mi
4/10
John Adams Middle School
Public,6-81.8mi
5/10
Santee Education Complex
Public,9-121.1mi
3/10
Nava College Preparatory Academy
Public,9-122.2mi

Price History

Date
Event
Price
06/16/25
Listing
$495,000
04/16/21
Sold
$459,000
02/22/12
Sold
$229,000
Condition Rating
Good

This loft, originally built in 1914, underwent an extensive conversion in 2007, making the core renovation 17 years old. While this falls slightly outside the 5-15 year range for 'Good' on renovation age alone, the property's condition, as evidenced by the images and description, is clearly move-in ready with no immediate renovations required. The kitchen features modern stainless steel appliances, including a French-door refrigerator, and contemporary two-tone cabinetry with a subway tile backsplash. The bathroom boasts a modern dual-sink vanity and clean subway tile in the shower. Throughout the unit, polished concrete floors, designer lighting, and exposed industrial elements are well-maintained and contribute to a desirable, contemporary loft aesthetic. The description also notes recent 'upgrades,' indicating ongoing maintenance and modernization beyond the initial 2007 conversion. There are no visible signs of significant wear, tear, or outdated major components that would classify it as 'Fair'.
Pros & Cons

Pros

Exceptional Investment Opportunity: The property is licensed for short-term rentals (STR) and benefits from Mills Act property tax savings, making it highly attractive for investors, international buyers, or those seeking a flexible-use residence.
Extensive Luxury Amenities: Santee Village offers a comprehensive suite of amenities including a heated rooftop pool, three hot tubs, full gym, basketball court, golf cage, on-site market/food court, private shuttle, and 24-hour staff.
Prime Downtown LA Location: Boasting an impressive Walk Score of 98, the location provides seamless access to Downtown LA's vibrant dining, retail, and transit options, including popular local establishments.
Unique Historic Loft Character: Situated in the 1914 Historic-Cultural Landmark Eckardt Building, the penthouse features distinctive loft elements such as 14-foot ceilings, exposed concrete and beams, and a frosted skylight.
Financial Benefits & HOA Inclusions: The Mills Act provides significant property tax savings, and the HOA dues cover most utilities (excluding electricity), contributing to reduced overall ownership costs.

Cons

Tenant-Occupied Status: The property is currently tenant-occupied with a signed lease, which limits immediate owner-occupancy or flexible use for a new buyer until the lease term is completed.
High Monthly HOA Fees: The association fee of $944.00 per month is substantial, which could be a significant ongoing cost for buyers despite the included utilities and extensive amenities.
Off-Site Parking Arrangement: Parking is located off-site and requires an evening shuttle, which may present an inconvenience for daily use compared to properties with integrated or directly accessible parking.

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