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746 S Los Angeles Street 304, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath

746 S Los Angeles Street 304, Los Angeles, California 90014 home-pic-0
ACTIVE$465,000
746 S Los Angeles Street 304, Los Angeles, California 90014
1Bed
1Bath
960Sqft
38,319Lot
Year Built
1922
Close
-
List price
$465K
Original List price
$465K
Price/Sqft
$484
HOA
$930.05
Days on market
-
Sold On
-
MLS number
24447379
Home ConditionExcellent
Features
Good View: Peek-A-Boo
ViewPeek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $465.0K(67th), sqft - 960(67th), beds - 1(50th), baths - 1(50th).

Large Live/Work "MILLS ACT" Loft in DTLA's Iconic Cornell Building, proudly sitting in the midst of The Fashion Districts "Santee Village". Unlike many other Cornell Lofts, unit #304 is significantly larger boasting just under 1,000sf of wide open urban downtown loft living, featuring11' high ceilings, original concrete floors, custom closets, floor-to-ceiling original factory windows making this downtown loft bright and airy without baking in the summer sun. A large bathroom with soaking tub. The Cornell is approved and receives the highly sought after "Mills Act" providing up to 70% off it's annual property tax savings. This space offers an impressive kitchen with gas range, European flat panel cabinets, smoked glass backsplash, Bosch stainless steel appliance package, Central HVAC, in unit washer/dryer and parking (located just a short block away via walk/shuttle in the Maple St Garage). An outdoor rooftop bonus space great for plants or a mini-garden (check with HOA for usage)! Santee Village's renowned rooftop amenity package includes: pool/spa/hot tub sundeck, basketball court, driving range, rooftop fire pit lounge and BBQ area. Stop the gym membership and workout in Santee Village's large, complete fitness center and enjoy the complexes popular "Santee Village Market" for a quick convenient store run. Keep the car parked while enjoying everything DTLA has to offer, public transportation, shopping, bars and restaurants. From The Row to The Crypt and everything in between!

Nearby schools

5/10
Ninth Street School
Public,•K-5•0.5mi
4/10
John Adams Middle School
Public,•6-8•1.8mi
5/10
Santee Education Complex
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.2mi

Price History

Date
Event
Price
03/29/22
Sold
$485,000
Condition Rating
Excellent
Despite the building's 1922 construction, this loft unit has been extensively and recently renovated to a high standard. The kitchen features modern European flat panel cabinets, Bosch stainless steel appliances, a gas range, and a stylish smoked glass backsplash. The bathroom is equally impressive with a soaking tub, contemporary vanity, and modern fixtures. The unit also benefits from central HVAC, in-unit washer/dryer, and well-maintained original concrete floors, all indicating a virtually new interior condition with no deferred maintenance.
Pros & Cons

Pros

Significant Tax Savings: The highly sought-after Mills Act designation provides up to 70% off annual property tax savings, offering a substantial financial benefit.
Spacious & Authentic Loft Living: Significantly larger than other units at nearly 1,000 sqft, featuring 11' high ceilings, original concrete floors, and floor-to-ceiling factory windows for an authentic urban loft experience.
Premium Modern Interior Features: Equipped with an impressive kitchen including a gas range, European flat panel cabinets, Bosch stainless steel appliances, central HVAC, and in-unit washer/dryer.
Extensive Resort-Style Amenities: Access to Santee Village's renowned rooftop amenities including a pool, spa, basketball court, driving range, fitness center, fire pit lounge, BBQ area, and a convenient market.
Prime DTLA Location with Included Parking: Centrally located in the Fashion District's Santee Village, offering excellent walkability to DTLA attractions, public transportation, and includes dedicated parking.

Cons

High Monthly Association Fee: The monthly association fee of $930.05 is substantial and can significantly impact overall housing costs.
Off-Site Parking Inconvenience: While parking is included, it is located a short block away in a separate garage, requiring a walk or shuttle, which may be inconvenient.
Historic Building Maintenance: As a building constructed in 1922, despite unit renovations, there may be potential for higher overall building maintenance costs or unforeseen infrastructure issues that could lead to special assessments.

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